Michael Perelman wrote: > > What troubles me is the difference between the rights of bondholders and > the rights of people who have paid into social security. I suspect that > the idea of some will be to tell people that "we" cannot afford to honor > those obligations. If so, it will resemble a Ponzi scheme.
Let me rephrase Michael's argument as follows: The technical matters being discussed in this thread have no relation whatever to any reality. The only reality concerns political tactics by which people can defend social security. It is a question of politics (non-electoral politics) not of economics. Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
