Tuesday, April 26, 2005

Chile's pension system

John Tierney makes the case that Chile's pension system, which invests in the stock market, is much more successful than our Social Security system. I'd like to see a reply. Is it that the stock market over the period in question (the past 20-25 years) was unusually successful? (It was about 20-25 years ago that the stock market started recovering from its stagflation stage.)

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