Economics

This article could have been called principles matter.
Wilkinson defends Social Security 'privatization.' A good post, but this quote struck me: "I can't see how a welfare liberal can account for the justice of transfers in cases where people become deprived in old age due to their own failure to plan and save." That's exactly the argument I've heard many a liberal make, the old people-are-too-stupid-to-trust-with-their-own-lives argument.