Ever wonder what would happen to interest rates if all the money flowing into the U.S. Treasury because of Social Security taxes stopped? It's a cool $642 billion per annum, with everything thrown in alongside.
Yeah, I think that would nudge interest rates, up ... gulp.
So, maybe Matt-Y is right that it's o.k. if Andrew Biggs is ... forced to privatize himself, in a manner of speaking.
Friday, July 20, 2007
Interest Rates Will Rise, If You End 'Captive Savings'
