Social Spending and Poverty – U.S Compared to Denmark & Sweden

Many people commonly assume that Nordic countries (Sweden, Denmark, Norway, Finland) spend a lot of money on extensive welfare-state systems, while the U.S. has a more "market-driven" system that economizes by not "wasting" money on welfare.  Like many assumptions, this one fails the fact-test.  Turns out the U.S. spends as much Denmark and Sweden, but … Continue reading Social Spending and Poverty – U.S Compared to Denmark & Sweden

The Great Deprivation: Decapitating Human Capital

Good article describing the long-term impacts of our short-term failure to address unemployment and jobs creation: Everyone keeps calling it the Great Recession, as though they are not too depressed about the prolonged backslide in gross domestic product, which only recently resumed its upward climb. Backslide may describe what happened to the market economy, but … Continue reading The Great Deprivation: Decapitating Human Capital