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A simple explanation best demolishes common myths. Don Boudreaux does it time and again. Here he takes on the myth of social security being a safety net.

A safety net is something that one never wants to use; everyone wishes to avoid contact with it. It’s there in the event of an accident, an unplanned mishap.

Whether you celebrate Social Security as the most marvelous innovation since opposable thumbs, or regard it as an unmitigated tragedy, it is not a safety net.

Read more for he gives three concise reasons why.