Abstract
In his article on President Bushs second term economic agenda, Professor Mankiw is vague and misleading with regard to the costs and benefits of partial privatization of social security reform. There are other, simpler ways to fix the problem of Social Security which Mankiw fails to mention. In addition, the Chilean experience suggests that privitization may be more costly than anticipated and benefits more difficult to cut, at least for those who lose their money in private investments.
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