"Stanford Professor" is Snake Oil Salesman, Not an Actuary
Reader comment on: The Real Robber Barons
Submitted by Juvenal451 (United States), Feb 16, 2012 12:10
The Stansford Professor, Joe Nation, is not a professor of economics. He is not an actuary. He posseses a PHD in a subject wholly unrelated to public sector retirement systems. His MO is to substitute his judgement regarding discount rates for that of actuaries, cutting the estimate by half, then complaining about the "true" unfunded liability --which like magic has doubled.
Please remember that Stanford is a hotbed of right-wing ideology... .
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