… is from page 1 of the late Brian Doherty’s great 2007 book, Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement:
The policymakers behind Social Security took it upon themselves to manage the future and savings of all Americans intelligently and rationally. But what they set in place was a system that would eventually bind the coming generations to promises they could not reasonably afford. It was, in other words, the foundational political program of the twentieth century – well meaning, choice eliminating, and ignoring obvious secondary effects.


The policymakers behind Social Security took it upon themselves to manage the future and savings of all Americans intelligently and rationally. But what they set in place was a system that would eventually bind the coming generations to promises they could not reasonably afford. It was, in other words, the foundational political program of the twentieth century – well meaning, choice eliminating, and ignoring obvious secondary effects.
