Scariest Thing You’ll Read Today

It’s the cover story from the current issue of Reason, detailing the next financial calamity: the crash of pension funds.

To make it more aggravating, the funds are going to go down especially hard thanks to “socially conscious” investing, which generally means fund assets have been put into investments that match the politics of fund managers, instead of the investments most likely to yield the best returns.

When the funds fail, then, Congress is going to force you and I to bail them out. Watch, then, as fund manager and do-gooder politicians then see the federal bailout money as a golden opportunity to . . . engage in some socially-conscious investing.

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