We have developed an American myth about the magical efficiency of market forces and have deified entrepreneurs. We have developed a disdain for government as an obstacle to progress. Neither is entirely true or false.
Read Whole Story
Even before the crash, people were ludicrously underfunded for life after work. To my mind, that settles the question of whether the 401(k)-based system is working. It's not even close.
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements. Learn more.