Chapter 11. Social Security


“If all the economists were laid end to end, they’d never reach a conclusion.”

 --George Bernard Shaw

An old Indian legend tells of six blind men who each touched a different part of an elephant and came to conclusions of what it was like. One thought the elephant was like a wall, another a spear, another a snake, still another a tree, another a fan, and the last a rope. Of course, there was some truth in the observations of each of them, but all of them missed important details that would more accurately describe the elephant.

Social Security is an elephant. You will hear it described in many ways, and often there will be kernels of truth in the observations. But just as often, important information is missing that ...

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