By Lawrence McQuillan, from 2015, includes “Milton Friedman, the 1976 Nobel Laureate in economics, was interviewed on the television program Uncommon Knowledge in 1999, and he offered a solution to Social Security’s financial problems: shut it down. … But Friedman didn’t advocate that the federal government walk away from its promises. This approach ensures that everyone gets what he or she has been promised. It brings the true cost of the unfunded liability above board. It funds the unfunded liability and requires the federal government to establish a specific financing plan to pay off the bonded debt.”
Read the full article on: The Independent Institute