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Social Security has no Unfunded Liability

…third alternative being that the Commissioner has no ability to borrow money. Seen properly ‘unfunded liability’ is just a fictive artifact stemming from the Trustees having to assume current law….

Budget 2010 is telling?

…doctors and expand the alternative minimum tax to hit more taxpayers — both of which Mr. Bush and Congress routinely took credit for, while knowing they would later waive the…

500,000 = 0 ?

…levels are neither a useful statistic to test models of global warming against the alternative that climatologists are full of it nor a useful statistic to test the null that…

Richard Perle: "Neo-conservatives don’t exist"

…below the fold so that people can decide for themselves whether Perle is deluded or lying here. Because I don’t see a third alternative.Bolding is mine. June 3rd 1997 American…

Two comments on Kling

…data are not powerful enough to reject any hypothesis against an interesting alternative, the macroeconomic “scientists” divorced themselves from the “engineers,” who continued to use macroeconometric models. In my view,…

What’s in the Water in Chicago ?

…is something obvious. A test case of my alternative explanation is Thomas Sargent. He is not ideologically right wing. He is definitely anti-Keynesian. IIRC his only contribution to the debate…