I thought Halloween and it's horrible scary-stories was 5 months ago. Apparently I'm wrong. The NY Times is running a front-page (on the web at least) scary headline about Social Security that implies the system is starting to fail and will go bust. Nonsense. I'll let Randy Wray from UMKC and New Economic Perspectives explain: … Continue reading Scare-mongering on Social Security Continues
Day: March 25, 2010
Exile on Main Street
Back in the beginnings of the 2008 Global Financial Meltdown, there was a lot of talk about how and whether the troubles on Wall Street would affect "Main Street". After all, not all downturns on Wall St. result in recessions. Of course, in the actual event, Wall Street's troubles were severe but quickly remedied by … Continue reading Exile on Main Street
EconProph 