Are Today’s Young People So Cowardly?
Jude Blanchette, Henry Hazlitt Research Fellow at the Foundation for Economic Education, has a nice essay up at National Review Online unpacking the claim that personal accounts are just too darn risky for young people. Are young people too chicken to take on Otto von Bismarck? (The Social Security Administration acknowledges the Chancellor of Blood and Iron as the father of the system, but insists — insists!! — that the choice of the age of 65 for retirement had nothing — nothing!! — to do with Chancellor Bismarck. Whew. That’s good to know.)
I’m very pleased to be able to write that Jude will be joining the Cato Institute staff in April.
You know, I’m actually glad that the government tax 12% of my income every week to give it back to me later on life. Lord knows I’m a complete moron when it comes to spending my own money. I just wouldn’t know what to do!