My calculations suggest that when costs are counted the same way and all costs are included, the government fund may be more expensive. We've agreed, I think, as a society that we should move away from a publicly mandated system. Peter J. Wallison , a banking lawyer who held senior positions in the Ford and Reagan administrations, has joined AEI as a resident fellow. In addition to his own research and writing, Mr. Wallison will be codirector of the Institute's Financial Market Deregulation project with Charles Calomiris. In fact, there is no third sector.
Foundations are part and parcel of the private sector.
They are flesh of the flesh, bone of the bone, blood of the blood of the private sector. The notion that foundations in some way constitute a sector of their own, different from, above, and superior to the other two sectors, is an act of pride which will only go before a fall. That fall may consist of foundations depriving themselves of their sustenance, which comes from the private sector. Appearing on a panel moderated by AEI's Norman J. Ornstein concerning investment of social security funds in equities, Ms. Weaver stated her forceful opposition to proposals advocating centralized investment in the stock market. Workers would still accumulate benefit promises to be made good by future taxpayers, rather than investment funds of their own.