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Unlike Real Insurance, Social Security "Insurance" Creates Greater Risk for the Future

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Tags Big GovernmentBureaucracy and RegulationInterventionism

05/01/2019Gary Galles

Social Security acts as a sort of "reverse insurance," doling out money now, leaving less for the future.

Original Article: "Unlike Real Insurance, Social Security 'Insurance' Creates Greater Risk for the Future".

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Author:

Gary Galles

Gary M. Galles is a Professor of Economics at Pepperdine University and an adjunct scholar at the Ludwig von Mises Institute. He is also a research fellow at the Independent Institute, a member of the Foundation for Economic Education faculty network, and a member of the Heartland Institute Board of Policy Advisors.

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