Social Security: The Inherent Contradiction
By Peter J. Ferrara
About the Book
In this comprehensive examination of America's social security system, economist-lawyer Peter J. Ferrara offers a thorough and solid brief against maintaining the present system.
He presents conclusive evidence that social security has been sold to the American people by deceit and misrepresentation and that the social security system's financial troubles, far from being ameliorated by recent tax increases, are getting worse by the day because of the demographics of population growth. He analyzes, and finds wanting, the rationales for the system made by some of America's leading economists and social security officials.
But this book is not all negatives. After laying a careful groundwork of statistical fact that indicts social security -- most of it gathered from the Social Security Administration itself -- Ferrara explores the more important philosophical questions that a social security apparatus necessarily raises for a free society and then confronts the ultimate question: Should there be a social security system in America's future?
You may not agree with all that you find between these pages, but this work will be an invaluable reference source for anyone interested in the continuing problems of one of this country's most ambitious and expensive social programs. No other single source gathers together so much material on benefits, law, economics, and political theory, all in one volume at the reader's fingertips. This book will become an integral part of the ongoing debate on the future of the social security system.
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About the Author
Peter J. Ferrara is general counsel and chief economist for Americans for Tax Reform and an associate policy analyst for the Cato Institute.
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What Others Have Said
"A splendid piece of work-careful, scholarly, authoritative, and thoroughly documented, yet also highly readable."
--Milton Friedman
"This is a forceful presentation of the libertarian political philosophy... suitable for large public and academic libraries."
--Library Journal
"A provocative analysis that should stimulate a rethinking of the role of social security in our society."
--Edgar K. Browning, University of Virginia
"The book will have to be read by anyone who wants to know how social security became the biggest tax program we have and why it is rapidly creating the most important economic problem for the next generation. This book manages to get the important points across in an eminently readable style. It should have a wide audience."
--Sam Peltzman, Professor of Business Economics, University of Chicago
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