Friday, February 04, 2005

Bush has got to be the worst financial advisor ever

From today's Krugman:

[T]he logic of Bush-style Social Security privatization: it is, in effect, as if your financial adviser told you that you wouldn't have enough money when you retire - but you shouldn't save more. Instead, you should borrow a lot of money, buy stocks and hope for capital gains.


There. That's pretty easy to understand, isn't it? Protect your future by buying stocks on margin.

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