Our guests nobly resist the temptation to behave like, as Governor du Pont puts

it, "a bunch of actuaries arguing about an arcane subject." The result fills in some of the

gaps left by the formal debate and gives the audience a splendid overview of this crucial

topic. Mr. du Pont: "We could all agree in this country that there should be higher

education for every American. But nobody thinks that that ought to be confined to a set

of government universities. We have government universities; we also have private

universities; and you as an individual are free to choose either one. I think the same paradigm is here. Why are we trying to put bells and whistles and strings and glue and

Band-Aids on a system in which we insist everyone remain when there's an opportunity

to have a mixed system so that a lot of people could do a lot better?" Mr. Kuttner: "...

That is what we have. We have Social Security, but then we've got private pension

plans, 401Ks, 203Bs, IRAs, Keoghs, and individual mutual funds. And it's the

individual-mutual-fund sector that's growing the fastest."