I think it would be a real mistake to take this macro-economic tool out of the hands of the government and place it in private hands. Doug is probably thinking of the military Keynesian misuse of this trust to finance foreign adventures and the military industrial complex. Sincerely, Tom
Jordan Hayes wrote:
> Seth Ackerman wrote:
> > I can accept that there might be undesirable consequences
> > from pouring billions into the stock market, and that ...
> what i can't understand is why people think there's some
> pile of money out there that's presently _not_ being invested
> somewhere. i mean, they call it a 'trust fund' but it isn't
> really in any sense an actual fund, right? fica payments go into
> the treasury and the treasury makes payments to current recipients.
> what trust fund?