Born Suckers - Another reason why privatizing Social Security won't work

Henry Blodget of Slate makes a wonderfully intersting and enlightening point in his recent article (click the title folks get used to it).

He points out aspects of behavioral finance theory. Much like evolution theory it is well based and in reading the article I think you can all relate to the theory itself. Especially if you have lost money in the stock market like me!

Anyway he cleanly states that the biggest downside to Wall street is the human mind and the way humans behave.

Anyway, the republican machine is already getting the media to say there is a Social Security Crisis (read Josh Marshall). Don't believe it, Read Paul Krugman (or anybody else) who is a professor of economics (so what if he's a Keynesian economist) at Princeton.

You know there is a majority leader that has a campus center named after him in that same ivy league college. Perhaps Bill Frist should consult with some of the faculty at his alma mater.