…To speak of these things on a regular basis is not something I see as pessimisism and brooding, or denial of my success in life and the blessings I have….

…disperses benefits to qualified beneficiaries. Which is pretty much the same as what New York Life does, cash flows in one door and out the other. That varying things happen…

…far more limited than they could be, given that I’ve spent a sizeable fraction of my life studying this subject. So I’m not going to try to argue in favor…

…Katrina has grimly reminded us of this fact of life: sometimes bad things happen to good people, through no fault of their own. Sometimes people just get unlucky. Liberal versus…

When I read Robert Schiller’s “The Life-Cycle Personal Accounts Proposal for Social Security: An Evaluation”, the third chapter of Mark P. Kritzman’s Puzzles of Finance, which is entitled “Time Diversification”,…

…is to capture how the Federal government is assisting the private sector in areas such as life science research. The first category fell dramatically from the 1980’s to the 1990’s,…

…a longer term perspective that fewer and fewer of my generation are left to speak to. To be sure you understand that this is not politically flavored, I will tell…

…want it to go away. It lets Republican Congresscritters show their pro-life base that they’re fighting the good fight and trying to save babies. It lets them portray Democrats who…

…a general Fear of Your Life Doctrine. Now almost any cop will tell you (and I have been in seminars where cops DID tell us) that in cases where the…

…resulted in an abundance of bad news along most measures of quality of life–from teen pregnancies to illiteracy rates, from shorter lifespans to higher costs of health care, from fewer…