Social Security is NOT broken. It is NOT in danger financially or economically. It is in danger politically from people who claim it's broken and they want to "fix it". But the history of changes and opposition to Social Security belies their claims. I'll deal with why SS is actually in good shape economically and … Continue reading The Real Danger to Your Social Security is Political, not $
From Econospeak (and cross-posted at Angry Bear). When it comes to international trade statistics & analyses, we are flying blind. Our models and theories (the ones that conclude that "free trade" is always best policy) are all based on the idea that private firm A in country B trades with private firm C in country … Continue reading Trade today is different
From Angry Bear: Beginning of the year economic blues in the US? I think so. Just looking over Spencer's CPI post; here is an excerpt (the first paragraph): The CPI report was encouraging. The total CPI rose 0.2% and the year over year increase is only 2.6%. Although real average hourly earnings fell, real weekly … Continue reading CPI and Velocity of Money data for January indicate deflation worry
From ataxingmatter: How much do the wealthiest Americans make, and how much do they pay in taxes?. How much do the wealthiest Americans make, and how much do they pay in taxes? Bloomberg.com's Ryan Donmoyer has a brief story out on recent IRS statistics of income. See Top Earners Averaged $345 million in 2007, IRS … Continue reading How much do the wealthiest Americans make, and how much do they pay in taxes?