Episode 277: UNC Wilmington: Cooperation & Coercion, Pt. 2
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What Happens When Social Security Is Insolvent?
The Social Security Administration estimates that Social Security will be insolvent at some point within the next decade, seven to ten years from now. What politicians have learned through COVID is that Americans don't mind inflation much better than they like cuts to things that we want and taxes that we don't want to pay. So our guess is that the government's going to fund this insolvency through printing money. And so you're looking at by our guess five to 10% inflation on an ongoing basis from now on.
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