The wave of the future is not the conquest of the world by a single dogmatic creed but the liberation of the diverse energies of free nations and free men.
WP Cumulus Flash tag cloud by Roy Tanck and Luke Morton requires Flash Player 9 or better.
Forbes Magazine just ran a rather awesome, if not damning, article. I loved it. It listed the states where there are more “takers” vs “makers”. And, it very quickly condemned those states, as well as advising anyone investing to steer clear of those states. One of them, being my own. They chide those states for [...]
Richard Vedder asks "Why Aren’t Public Schools More Like Universities?". He gives a couple of compelling reasons why they could and should. I was ready with the easy retort of "Because we can’t afford $10k a year for 20 years." But, Vedder does address that. And, he puts in some limitations to keep that from [...]
From MSNBC: In two days of testimony this week, Federal Reserve Chairman Alan Greenspan offered plenty of support for President Bush’s plan to overhaul Social Security and partially replace it with a system of personal accounts. There’s the message, then they promptly shoot the messenger: Even though Greenspan is a recognized authority on Social Security, [...]
This is pretty fun. For what it’s worth, I made it to 100% on the first try! Be sure to leave your scores as comments. – Moon
We want everything to be above average. We want more benefits for our future retired, so we’re going to borrow to fund their savings, then hand them the debt along with the accounts. We want more savings, so we also have IRAs and 401ks and maybe we’ll switch to consumption-based taxes. But we also want [...]
Becker of the Becker-Posner blog takes an vastly different angle at supporting Privatized Retirement Accounts. This is definitely something to think about: Tax revenue from social security taxes at present exceed payments to retirees. This excess is counted as part of the growing Social Security Trust Fund, but in fact also enters into the consolidated [...]
Social Security is years away from anything that honestly could be described as a financial crisis. But that has not stopped President Bush from trying to whip up enthusiasm for his proposed personal retirement accounts by warning of an imminent disaster. In its 70-year history, Social Security has faced dire predictions, including the threat of [...]
EDITOR’S NOTE — President Bush has made his ambitious proposal to revamp Social Security a priority for his second term. This is one in an occasional series of stories exploring the retirement system, why changes are needed and the proposals for reform, including Bush’s push for private investment accounts. By DARLENE SUPERVILLE Associated Press Writer [...]
Social Security in the United States is a program against old-age poverty. It provides insurance benefits to others, too: workers who become disabled, survivors of workers who die. But mostly, by guaranteeing something between $12,000 and $20,000 a year to every participant, depending on their lifetime earnings, it’s a way of insuring that no elderly [...]
From Slate.com The real trouble with mutual funds.By Henry BlodgetPosted Wednesday, Dec. 1, 2004, at 3:36 AM PTUsed properly, mutual funds are powerful tools. They allow investors with little money and time to pool resources and benefit from the same services, information, clout, expertise, and economies of scale as large institutions. They also provide immediate [...]
