But Social Security got IOU's, which someday the government will pay-by raising taxes or borrowing. Nor was it reported. Bear in mind that Moynihan is considered one of the most intelligent and conscientious members of Congress. Moreover, it was not reported, meaning the public wasn't informed. Time to rewrite the civics texts.
Odd things can happen when public property turns into private property.
John Blundell resolves the paradox. The essence of the freedom philosophy is that without private property there is no liberty. Even the seemingly propertyless, writes James Bovard, are protected by this depreciated institution. Nearly every economist who has studied the matter closely agrees that the Food and Drug Administration harms consumers and should be eliminated sooner or later. Daniel Klein elaborates the reasons for this remarkable unanimity.