"Let's Understand Social Security and Stimulate Investment" cuts through the ambiguous and confusing statements in the debate about reforming Social Security to include personal retirement accounts. Anyone who reads it attentively will understand the issues involved. It also clarifies arguments about deficits during the Reagan and Clinton years and why profits taxes should be eliminated. Economists and politicians fail to appreciate the negative consequences of profits taxes. These effects are spelled out.

Author Loren Meierding points out thirteen principles of voodoo economics underlying...