Political cartoons, if done correctly, are remarkably effective tools for teaching about economics and public policy.
Today, we’re going to try something different. Using a series of cartoons, we’re going to explain the need for Social Security reform.
First, let’s establish that there is a problem. I’ve shared data on America’s long-run fiscal crisis from international bureaucracies such as the IMF, BIS, and OECD. And I’ve explained that demographics are a big part of the problem.
Simply stated, tax-and-transfer entitlement programs don’t work very well with aging populations.
But that point is made with humor in this Michael Ramirez cartoon.
And as there are more and…
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