Tuesday, January 8, 2019

Entitlement Reform, the Sweden way

Tired of watching Alabama and Clemson fight it out for the college football Championship?  Of watching PSG sleepwalk through the French Division 1?  Nonplussed by the Gunfight at OK Corral remake starring Donald, Chuck and Nancy?  Feeling that Sudoku at the “Difficult level” has become a bore?

Why don’t you read the following paper which describes how the Swedes went about reforming their pension system?  It is very clever politically and it is sound financially.

Just imagine; if Bernie Sanders, who went to the University of Chicago in the 1960s to study political science, had instead picked economics under Milton Friedman, he could have authored such a paper and been elected US president in 2016. 

 Mitt Romney, the Republican senator of private equity fame, would have sailed through the 2012 election had he gone on a sabbatical at the Landsorganisationen i Sverige (the Swedish trade union umbrella organization) in 1994 instead of returning to Bain Capital.

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