Relevant and even prescient commentary on news, politics and the economy.

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Social Security: Jane Bryant Quinn v. Cato

I normally don’t read Ms. Quinn but the Cato critique made me take a look. Ms. Quinn’s premise is: What’s more, you’ll be getting a double cut in Social Security…

The National Review’s Definition of Savings

…the order of 10 to 15 percent today The clever reader might go “aha – you are double counting”. But his sleight of hand is more than that. Earlier in…

Oil Prices: Blaming the FED?

…is about six times what it was in 1950, doesn’t his graph show U.S. production is double what it was back in 1950? I doubt higher prices will lead to…

Mankiw on the Baker-DeLong-Krugman Paper

…falls by 50 percent, so dividend and earnings yields double. Would Baker, DeLong, and Krugman suddenly be in favor of President Bush’s proposal for Social Security reform? I suspect they…

The 2005 Current Account Paradox

…unlikely simply because it would represent central banks making a “double or nothing” bet on something that they know they will lose on — an eventual dollar depreciation. That is…

Low Savings Rate: Myth or Scare?

…the savings has fallen but it has stayed the same? And isn’t the sum of savings AND the increase in net worth double counting? And of course, a true believer…

More on House Prices

…latest OFHEO tally shows house price inflation has run at double-digit rates over the past year in 25 of 50 US states plus the District of Columbia. Housing is an…