POLITICAL: What are “states” and why do they have pension funds?

State Pension Funds’ $865 Billion Loss Means New Hires Get Less


http://www.bloomberg.com/apps/news?pid=email_en&refer=worldwide&sid=aw9HrY21Ynno

     

As a budding libertarian, you might ask “why do states have pensions?”. Us old libertarians ask: “What the hell is a state?” A fiction. A figment of the imagination. A collective delusion that enslaves us. A meme whose time has past?


# # # # #

This entry was posted on Saturday, January 24th, 2009 at 06:37 and is filed under Political. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Please leave a Reply