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CRS84798Lpage115
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pensions—-the average Swedish benefit is over 50 percent of the average wage compared with 18 percent in Amer- ica-—-will not necessarily eat into the supply of national savings if the payments into the system are used to fund investment, as they are in Sweden, not just to pay out benefits as in the United States. What Kuttner has produced, therefore, is more than a critique of ideology. The Eco- nomic
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CRS84798Lpage117
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Stubblebine and Thomas D. willett. Lehman, James A. Reaganomics: a midterm report. Journal of industrial economics, v. 32, Mar. 1984: 1249-1251. SUPPLY-SIDE REVOLUTION by Paul Craig Roberts. McIntyre, Robert S. Reaganomics redux. People and taxes, v. 11, Feb. 1984: 10. 52
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