Almost perfect

In Choose and Lose, Barry Schwartz makes several superb points. This may be the best

Finally, even if we grant the advantages of putting trust fund money into equities, this is something that the government could do without privatizing anything by doing the investing itself. The government as investor can ride out risks better than any individual investor, and administrative costs would be vastly reduced. Only brokerage houses would suffer - from lost commissions. Thus investing in equities, which might be a good idea, is logically independent of privatization, which is a bad one. The Bush administration is deliberately conflating them.

Only when you're talking to non-wonks, don't say "conflating." Say "pretending they're the same thing."

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Posted by Prometheus 6 on January 5, 2005 - 11:16am :: Economics | For the Democrats