same old same old

Michael Kinsley presents some arguments against Social Security 'privatization'. Arnold Kling responds. Unlike a lot of opponents of 'privatization', Kinsley does at least make some seemingly plausible arguments, and there is some truth to some of them. But they are at their core just warmed over Keynesian economics. Kling does a better job than I would in articulating where Kinsley in on the right track and where is off, so read him.