by rdan Preston and the Small Business Administration know about running a small business: It’s hard work. In fact, I often say small business owners match every dollar of equity with $10 of sweat equity. But that’s also why they’re successful where others are not. America as an economy that regenerates, is flexible, and adapts […]

by rdan Teddy Roosevelt and FDR both came from a wealthy Dutch-American clan, and never experienced any want except voluntarily – and yet, both did more for working-class America than anybody this side of ANOTHER “rich elitist”, John F. Kennedy. George W never wanted for anything material either. George H was a different sort of […]

Bailouts and Moral Hazardby Robert Here we are again, just into a Bear (sterns) market and we have to face the fact that Fannie Mae and Freddie Mac are waaaaay to big to fail. A strong case can be made that a bailout will cost relatively little and failure to come to their assistance will […]

I suspect few people know that the original Social Security Act set up not one but two retirement systems. Title 2 set up what we recognize as Social Security today, a worker funded retirement based on an insurance model. Title 1 set up something quite different. The history can be found on the SSA.gov website […]

The following is a point of information for healthcare statistics. The Medical Expenditure Panel Survey, which began in 1996, is a set of large-scale surveys of families and individuals, their medical providers (doctors, hospitals, pharmacies, etc.), and employers across the United States. MEPS collects data on the specific health services that Americans use, how frequently […]

by cactus I had some more or less random thoughts: 1. If Obama wins the election, in five or six years expect the folks on the right to blame the state of the economy in 2008 on him. They’ve had more than enough practice – how many times have you heard about how the stock […]

The best comment I’ve seen on a blog in a long time. That is why he gets the big bucks.

The editors of the WSJ agree with Brad DeLong that the Fannie/Freddie problem is that their short-term cash flows may be(come) impaired: The most immediate danger is that investors will shrink from rolling over the debt of the two companies, leading to a run a la Bear Stearns….With so much on the line, we’ve been […]

Go. Read. Express Sympathy. Suggest he to donate the speaking fee to CEPR or the EPI.

Have a good week end folks.