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government-controlled investment

   
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Title: government-controlled investment
 
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Subject: Social Issues
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Date: January 5, 2001
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Length: 2 / 320
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Federal Reserve Board Chairman Alan Greenspan has testified before Congress that such approaches ?°would arguably put at risk the efficiency of our capital markets and thus, our economy.?± [3]
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The bad news, however, is that government-controlled investment is the wrong answer to the wrong question. It assumes that policymakers should focus solely on balancing the program??s revenues and expenditures. This ignores the other Social Security crisis??the fact that the tax burden on today??s workers is extraordinarily high compared to the benefits received (often referred to as the rate-of-return crisis)...
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