This crisis is man-made, due to poor policies adopted on the basis of flawed ideologies. Private provision may fulfill a useful purpose allowing savers to have a more comfortable retirement. The basic pension, however, should be provided by a simple-to-run State Pension. Not means-tested, identical for all, ending all tax subsidies (only helping the better-off) for private pensions can finance a sufficient basic protection.
How to Protect Yourself from the Looming Pension Crisis
Adam Smith’s Economic Case Against Imperialism
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Don Boudreaux reminds us that this is Adam Smith’s birthday or, at least,
the birthday announced on his tombstone.
For that reason, I’m sharing one of th...
4 hours ago
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