Social Security - Financial Theory - John Geanakoplos - Lecture 11 of 26 - Video-lecture

Video-lecture, Financial Theory

Description: This lecture continues the analysis of Social Security started at the end of the last class. We describe the creation of the system in 1938 by Franklin Roosevelt and Frances Perkins and its current financial troubles. For many democrats Social Security is the most successful government program ever devised and for many Republicans Social Security is a bankrupt program that needs to be privatized.
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