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Essay Details:
Essay text:
One of the factors of privatization is that people will be charged for the interest rate
of inflation and an additional three percent to compensate for the federal money that was used to
create the account. I feel that this is ludicrous because in history it has been proven that inflation
has hurt the stock market. The government is unable to always control inflation. If it was
controllable then this crisis could have been avoided in the past. If this pattern continues, and
it most likely will, people with private accounts will end up getting hit with higher interest rates.
In return, these people will have less money in their actual accounts because they have to pay
off the high interest rates that were caused by inflation just so they could have the account...
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