Wednesday, August 18, 2010

QUOTE OF THE DAY: Compulsory saving…

_Quote So if the main justification for compulsory super is that “people are too stupid to save for themselves,” how can we say that a government made up of these same people will be able to determine the “right” level of savings?
                                   - Matt Nolan, The Visible Hand in Economics

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6 Comments:

Blogger Matt Nolan said...

Just a note - I hate compulsory super, so I'm not saying I think people are too stupid to save for themselves.

It's just, if that is the justification people are using - it seems weird that they would have faith that these same people could magically fix it when given policy hats.

8/18/2010 12:57:00 pm  
Blogger PC said...

Hi Matt,

I never took it any other way. Perhaps I should change the heading to make that clear for those who might?

8/18/2010 01:09:00 pm  
Blogger PC said...

Or who might want to.

8/18/2010 01:10:00 pm  
Blogger Matt Nolan said...

Cool thanks. I just wanted to make sure I wasn't giving off the wrong impression is all :)

8/18/2010 01:27:00 pm  
Blogger PC said...

Certainly not in this office.

8/18/2010 01:33:00 pm  
Anonymous Anonymous said...

i don't think the government is claiming to get the rate correct. they will just do it by trial and error. like everything else.

8/20/2010 04:35:00 pm  

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