Lately, it seems Mattew Yglesias may be a bit out of touch, This post is a good example. He is is arguing that homes are bad investment therefore people should be forced to put more money in 401k’s. The problem is 401k’s are mostly a device to put dumb money on the table that can be turned into profits for traders and mutual fund managers, most people have neither the time or the expertise to manage their own 401k and it shows in the average returns people get on them.
A better alternative would be to put more money into social security but it appears Mr. Yglesias is drinking the free market cool aid like many “liberals” he may as well start calling himself a conservative that supports abortion rights.