Social Security's Investment Shortfall: $8 Trillion Plus - And The Way Forward - Plus How The Us Government's Financial Deficit Reporting = 64 Madoffs - Hakansson, Nils H (Univ Of California, Berkeley, Usa)

Documents two public policy mistakes of the US Government that have been extremely costly. This study puts forth the notion of Social Security as a minimal safety net is consistent with the views of Adam Smith and Friedrich Hayek and that private social security accounts are inefficient and subject to moral hazard and huge productivity losses.