Robert Murphy’s article argues that the impending Social Security crisis can be mitigated by allowing Americans to opt out of the system. His proposal suggests individuals could opt out if they represent a net liability to Social Security, potentially improving government finances and offering better investment returns for participants. Murphy acknowledges potential complications, such as impacts on wages and tax revenue, but contends that these are manageable and outweighed by the benefits. A related article by Kevin Murphy and Jeffrey Miron disputes the idea that privatization will improve Social Security’s financial health, instead focusing on the long-term financial challenges posed by the aging population.