>Some say Personal Retirement Accounts. Those who do typically
have an unrealistic idea about the stock market's ability to
absorb a flood of Personal REtirement Accounts, as well as an
unrealistic expectation about the rate of return that they're
likely to earn in the future.
What is your data and analysis on this point? At the NPR forum this was discussed a while back, and I located some information, but nothing definitive.
It seems the key for privatization to really work in a macro sense is the need that it also be structured to so that it operates to increase the net national savings rate. This means that someone's present consumption must be cut. If savings rates are increased, then greater productivity can result and current projections for economic growth won't necessarily apply.
