Those of us who have been somewhat "heterodox" economists have long argued that the neoclassical-neoliberal (really the same thing in economics), mainstream theories had long ago left the reservation for some other hypothetical universe not closely related to the one we actually live in. Unfortunately there are still far too many mainstream economists who don't … Continue reading A Repentant Economist
Day: January 16, 2011
Another Social Security Myth Busted
Critics of Social Security and those who claim to support it but really want to cut benefits (despite SS being fiscally sound) often expound myths about Social Security to make it sound like a program doomed from the start. They often call it a "Ponzi Scheme" despite SS's dynamics not being at all dependent on … Continue reading Another Social Security Myth Busted
