Tag: "finances"

Income Inequality from a Plain-Spoken Perspective

Earlier this week, I participated in a televised panel discussion on income inequality.  The topic has generated much discussion lately, as President Obama’s central theme has been how to fix the gap between the rich and the poor.  My general thought is it simply cannot be fixed by dragging out the usual redistribution solutions – […]

EPI States the Obvious in a New Report About Retirement Savings

A new report by the Economic Policy Institute rehashes what many already know about retirement savers.  This is no surprise coming from an organization that has opposed self-savings initiatives and has instead supported the entitlement status quo.  The EPI’s report shocks and awes with charts and graphs showing the savings disparities between rich and poor, black […]

Are Millennials Ready for Social Security Reform?

Government is very good at crowding out private sector activities.  When government borrows, it can cause interest rates to rise and crowd out more productive private sector borrowing.  When government expands welfare programs to help the hungry and homeless, the effect is the crowding out of individual giving to more efficient private-sector programs.  And decades […]

Nervously Holding Bonds

cialis online     The stock market is getting a bad reputation these days. It waxes and wanes hour by hour depending on everything from who is elected president to the future of twinkies and cupcakes. Never mind that in the grand scheme of things, individual stock returns are really based on corporate earnings, and […]

The QE3 Is Sinking and We’re Just Rearranging the Deck Chairs

cheap soft viagra I could spend this blog post crowing about the Fed’s recent decision to print more money (er…uh…quantitative easing round three or QE3, as it is termed), but since I have found that I am not alone in my doubts about its effect on the economy, I will instead share links to others […]

How Are Baby Boomers Spending Their Money?

order viagra without prescription In an August blog post, I referenced a New York Times Economix blog article highlighting the falling median income among 55 to 64 year olds during the past three years.  One of my blog readers asked me about consumer spending for this age group.  Has it fallen along with income? Alas, […]

The Fiscal Cliff? Whatever…

It”s less than four days away from the fiscal cliff.  But unlike the recent Mayan prophecy, the cliff will really happen.  Tax cuts will expire and discretionary spending will be cut automatically.   And of course, we will reach the debt c eiling sooner rather than later.   There are many obvious things wrong with this picture, […]

How to Help the Poor

Using a new measure of poverty which adjusts for area costs of living, in-kind benefits, health care costs and other factors, the Census Bureau released a new report today (reported -poverty/51108410/1″>here in USA Today) showing that the number of people in poverty is about 49.1 million, 6% higher than the 46.2 million originally estimated in […]

What the Protests Really Tell Us About Economic Systems

Even Occupy Wall Street cannot fight the inherent need in individuals to prosper from their work, as evidenced by a scattering of news reports and videos. Capitalism, the very system that the protestors are railing outwardly against is the system th at they appear to yearn for within the OWS organization. Socialism, the system they […]

Stocks in 401(k) Plans? Why Not?

A recent article at the Wall Street Journal’s smartmoney.com explains why mutual funds still charge fees, despite the fact that the transaction costs for stocks, bonds and exchange-traded funds (ETFs) are getting cheaper. According to an industry spokesperson, customers are paying for a service they are not receiving from other investments, namely fund managers trying […]