Teresa Ghilarducci is a staunch advocate of comprehensive pension reform.  She believes that the 401k is a regressive long-term savings vehicle that leaves the vast majority of American workers unprepared for the financial realities of retirement.

In the video below, Ghilarducci makes the case for a mandatory, government-sponsored defined benefit pension system.

Is a nasty inflation brewing or is the U.S. facing a prolonged deflationary period similar to what Japan has experienced for the past twenty years?

Billions of dollars and major public policy decisions are currently positioned for both scenarios.

The need for further deficit spending and low interest rates is advocated by Paul Krugman's "Phantom Menace" comments and a recent piece by Teresa Ghilarducci.

Teresa Ghilarducci is a 51 year old economist who directs the Schwartz Center for Economic Policy Analysis at the New School in New York.

Why was Ghilarducci--who sure looks like a nice person in her picture--labeled the most dangerous woman in America in a recent US News & World Report column? 

The short answer is that she thinks 401k plans stink and she is not afraid to let the world know.