My Continuing Education - TimeFrames - TIME

My Continuing Education - TimeFrames - TIME: "Columnists are paid to have opinions. Sometimes those opinions are wrong. Those two sentences are as obvious as a sunrise, but usually unspoken by my fellow opinionmongers. I can point you to many weeks of prescience and sheer genius in my work since I arrived at TIME in January 2003. But I think we'd learn more if we took a look at one of my goofs: I supported George W. Bush's idea of partially privatizing Social Security, which he tried to enact after he was re-elected in 2004. This was a close call for me at the time; it seems positively idiotic now that we've experienced the Great Recession — and the idea of private investment has finally regained proper perspective. Investment is about risk; Social Security is about certainty. A fair amount of certainty is crucial when it comes to retirement. Why, you might ask, was I blind to this simple proposition at the time?"

Well In this case I would have said,"Because you are stupid." If SS would have been private last year, it would have tanked with all other investments.