"A growing chorus of prominent voices in Congress and elsewhere are calling for the expansion of our Social Security system-people who know that Social Security will not "go broke" and does not add a penny to the national debt. Social Security Works! will amplify these voices and offer a...

Explores a variety of issues related to social security including whether social security is going bankrupt, the success of social security as a government program, how private retirement accounts might impact retirees economic security, and how to address Social Security's fiscal issues

This study documents that the notion of Social Security as a minimal safety net is consistent with the views of both Adam Smith and Friedrich Hayek and that private social security accounts are inefficient and subject to moral hazard and huge productivity losses. It also introduces a novel...