…formula for figuring the cost of living ends up reducing the money citizens will receive in their SS checks. One of our commenters, Denis Drew labeled it the Cascading CPI….

…gains, income which goes overwhelmingly to the rich. Thus, post-tax inequality is even worse than pretax inequality. Johnston’s report builds on the work of economists Emmanuel Saez and Thomas Piketty….

…of the damage is only now being grasped by experts and policymakers. Kenneth Thomas’s 2013 posts on retirement savings 66 trillion retirement saving shortfall and Solutions to middle class retirements….

…dismay because of some obvious flaw in logic or some clearly false representation of fact upon which the writer’s premise lies. But I don’t think I’ve ever before read such…

…income inequality in the short term. The report’s conclusions aren’t terribly controversial in mainstream economics. What Thomas Hungerford wrote has indeed been the consensus view among economists who are not…

…with. Even researchers like Thomas Piketty and Emmanuel Saez (see “A Theory of Optimal Capital Taxation”) who dissent from the standard no taxation of investment income position think capital income…

by Kenneth Thomas U.S. Trade Deficit Largely Due to “Intra-Firm” Trade The vast majority of the U.S. $727 billion trade deficit in goods for 2011 is due to “intra-firm” or…

…and David Brooks to be mainstream. What some of them knew about Arizona, all of them appear to have forgotten about PPACA. The Supreme Court decision last week invalidated three…

by Kenneth Thomas The poll results are in on whether Jamie Dimon will resign from the board of the New York Federal Reserve Bank. By a 53%-40% majority, with 7%…

…well. See this post by Kenneth Thomas (link repaired) on how competition between government is different than between private businesses: Across the United States more than 2,700 companies are collecting…