Has any modelled

[james_davis_nicoll]

The consequences had US social security been privatized in the early '00s?

Comments

[goingferal.livejournal.com]

It would have been bad. Very, very bad.

There is an article about it that I edited from around 2004/2005, if you're really interested I'll see if I can find it. It was pre-2008 credit crisis and global economic crash, however.

One of the author's main points, however, was that if everyone put their savings into the market, the market would literally be overwhelmed. That is, the supply of things to be bought would be lower than the amount of money looking for something to buy.

[asyouknow-bob.livejournal.com]

Well, that's a feature, not a bug. (At least for the people pushing the idea of privatization.)

Drop a trillion dollars of SS money on the stock market, and - lo-and-behold - the prices of stocks will go up. And all the rich people who already held stock will see their portfolios soar.