Essays in Political Economy

Home | Mises Library | Roots of the Social Security Myth

Roots of the Social Security Myth

  • Essays in Political Economy

Tags Big GovernmentTaxes and Spending

05/28/2009John Attarian

This is a concise critical history of the federal program of Old-Age, Survivors and Disability Insurance (OASDI), popularly known as Social Security. It focuses on a crucial but under-examined aspect of the program: how Social Security was marketed to the American public, the false consciousness which that marketing created, and how that false consciousness is a cause of the current political quagmire — and the likely meltdown of the program sometime in this century and its subsequent inability to pay full benefits on time to the retiring baby boomers.


Mises Institute, 2001

Shield icon interview