Two points were made in the October debate that deserve scrutiny. One was voiced by several candidates, from Senator Rand Paul to Governor Chris Christie: Namely, that the government has been "stealing" from Social Security. The other is that Social Security is a giant Ponzi scheme Let's discuss why this is a terrible misrepresentation of this program and how Social Security actually works.
Take, for example, the Fed's willingness to purchase toxic real estate assets -- using your money to acquire securities which are now shunned by the market. Or take the Bank of England's efforts to shove easy money at banks making corporate loans. What happened to good old-fashioned faith in markets?