Wednesday, August 15, 2012

Liberal Economist Advocates Nationalizing Retirement Funds

Liberal Economist Advocates Nationalizing Retirement Funds
Teresa Ghilarducci, Chair of Economic Policy Analysis and director of Schwartz Center for Economic Policy Analysis, recently published a truly frightening briefing paper in which she justifies nationalizing retirement funds a la what Argentina did.

VIDEO: Paul Ryan Reform Plan Contingent On Unrealistic Economic Growth

Lauren Lyster recently grilled libertarian investor Karl Denninger about the key problems with Paul Ryan's plan for fiscal reform. Among other things, Denninger pointed out that Ryan's plan assumes the economy will grow at a rate of 5% for the next 20 years with no recessions, a sustained economic boom the likes of which have never been seen in the United States. It's important to note that the Clinton administration used a bogus 5% growth/no recession projection to claim that his budget would eliminate the federal deficit by 2010.

Interview begins at 07:35. Part about unrealistic economic growth begins at 09:15.