Buy, Lie, and Sell High: How Investors Lost Out on Enron and the Internet Bubble

Dare We Privatize Social Security?

The Bush Administration is proposing a partial privatization of Social Security by diverting a portion of payroll taxes into individual accounts. A bipartisan presidential commission has backed private accounts as a way of improving Social Security and boosting the private savings rate of Americans. The basic notion is that invested accounts would, over time, give a larger pension than Social Security as presently provided (via the general revenues of the government) can do. Proposals offered by House members would permit small accounts to be invested in stock and bond index funds selected by the government; larger accounts could be placed in private brokerage and mutual fund accounts of the individual's choosing. ...