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Social Security

Tuesday, January 11, 2005

The Chilean prescription will worsen US social security ills

Carmelo Mesa-Lago, Distinguished Professor Emeritus of Economics, University of Pittsburgh

Jośe Piñera, former minister of labor under Pinochet and the “father” of pension privatization in Chile, as well as a promoter of that approach throughout the world, has recently discussed his conversations with and encouragement to President Bush to apply the Chilean prescription to cure U.S. social security ills (New York Times, December 1, 2004, A81).

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