The Need for Social Security Reform, as Illustrated by Cartoons

International Liberty

Political cartoons, if done correctly, are remarkably effective tools for teaching about economics and public policy.

In this post from last year, for instance, I put together some of my favorite examples on topics such as Keynesian economics, labor supply incentives, minimum wage, and the welfare state.

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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