Rep. Ron Paul responds to the Aurora shootings: Government is not a moral actor. The state should protect our rights, but it cannot develop our character. Whenever terrible crimes occur, many Americans understandably demand that government “do something” to prevent … read more
We can’t know what stock returns decades from now will be, but we can know that stocks are risky. And when you fund a legally guaranteed pension benefit using risky assets, you need to account for the chance that the risks won’t cut your way and the taxpayer will be left holding the bag. That’s exactly what fair market valuation for pensions does. And on that basis, public pensions are vastly underfunded. read more
