Robert Waldmann Brad DeLong wrote a brilliant little essay on “The Hidden Purpose of High Finance” This is a “project sindicate” project, so I think fair use requires me to only quote Brad when he is quoting Keynes except for 3 words, 2 in the quote below and “eggplant.” He dismisses the efficient markets hypothesis […]
by Bruce Webb In comments Andrew Biggs claims that the NW Plan does not actually eliminate $15.4 trillion in unfunded Social Security liability but instead leaves a 1% payroll gap over the Infinite Future. I have no reason to suspect his math but do suspect he doesn’t fully understand the mechanism. The Northwest Plan ultimately […]
Robert Waldmann I noticed that Robert Samuelson wrote this Op-ed in the Washington Post. I knew I couldn’t stand to read it (I haven’t). However, I did encounter it’s echos at Matthew Yglesias’s and Ezra Klein’s. After the jump my denunciation of a paragraph quoted from a column which I haven’t read. In the Post […]
rdan Women’s e news carries a note on a time honored business plan, paying locals to not interfere with production. This is probably not taught to high school kids in America, or college, but most of us benefit at least through cell phones, i pods, and computers on a daily basis. Best to ignore the […]
rdan All of us might reflect on Frank Schaeffer’s words concerning hate and incendiary speech. Automatic slogans that tap deep emotion comes easily to all at points in their lives. Assassinations are ‘contagious’ at times. Visit msnbc.com for Breaking News, World News, and News about the Economy
by Bruce Webb Don’t step in the Voodoo. Leap in U.S. debt hits taxpayers with 12% more red ink Yhe latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and […]
by cactus Facts That Remain True After the Evidence Proves them Wrong It wasn’t that long ago that much praise was being heard (in certain circles) about all sorts of things that have all kind of imploded as of late. Its 4 AM as I write this, but off the top of my head I’m […]
Rdan Linda Beale of ataxingmatter will also be writing for Angry Bear beginning this month. Her thorough analysis and style will add to our value to our readers and provides us with a particular expertise in tax matters as well.
by Bruce Webb Yes. Both. But first a recap. The semi-final version of the basic NW Plan was introduced in this post: NW Plan for a Real Social Security Fix. The spreadsheets linked to that post show that under current projections you can fix Social Security by implementing a 0.20% FICA increase in 2010, another […]
rdan A thought for a Sunday’s musing: If you have USD $50,000 in cash, what do you actually do with the money now? It is probably different by age group, but does one buy Ford at $2/share, swiss francs, some gold? As writers in newspapers and blogs analyze the state of the economy, what do […]