Government Pensions as Economic Stimulus? Even Breaking Windows Works Better
I was asked to write the following column for the “Fox and Hounds” website as a rebuttal to some nonsense published by a CalPERS booster who claimed we all profit from the stimulus of government pensions. My column wrote itself in a record 65 minutes — I just did the typing.
Government Pensions as Economic Stimulus? Even Breaking Windows Works Better by Richard Rider
Chuck Beckwith’s columncompetently lays out all the usual public employee arguments justifying their opulent pensions. A cursory review of the logic reveals just how breathtakingly flawed this reasoning is.
First and foremost: His core point is that pensions provide economic stimulus. This is the classic “… Read More