Shorter Megan McArdle: The global economic crises does not prove that market capitalism is a failure, no matter what some illogical, hysterical, ideological haters say. It proves that the welfare state is a failure.
I waded through her stupid about annuitizing IRAs* & feel much dumber for it. Especially the comments, which have somehow driven out everyone but the complete wingnuts.
*She seems dimly aware that giving people the annuity option in a 401(k) has absolutely nothing to do with anything the nuts are screasming about, but hides that awareness behind some horrible writing & a typical lack of detail.
In '02 we cashed in our 401k and opened IRAs, and boy are we glad! NO WAY would I trade my IRA for another 401k. It would be stupid to the point of suicidal.
I waded through her stupid about annuitizing IRAs* & feel much dumber for it. Especially the comments, which have somehow driven out everyone but the complete wingnuts.
ReplyDelete*She seems dimly aware that giving people the annuity option in a 401(k) has absolutely nothing to do with anything the nuts are screasming about, but hides that awareness behind some horrible writing & a typical lack of detail.
In '02 we cashed in our 401k and opened IRAs, and boy are we glad! NO WAY would I trade my IRA for another 401k. It would be stupid to the point of suicidal.
ReplyDelete