While Social Security is not exactly a pension system, it has had a negative effect on private pension plans and has discouraged people from engaging in long-term savings. In the end, its negative effects outweigh the positive ones.
While Social Security is not exactly a pension system, it has had a negative effect on private pension plans and has discouraged people from engaging in long-term savings. In the end, its negative effects outweigh the positive ones.
The Austrian school recognizes that economic analysis
