Monty Pelerin's World

Another forecast worth reading is from Simon Black of SovereignMan.com. His approach deals with what he considers near-certainties in the next or next several years and is presented below. He [...]

Mark Thoma on Social Security: Without the institution of Social Security, households would have acquired more real assets. They would have had both more means and more incentive to do [...]

Would you want to dump your IRA or 401K retirement funds into social security? Of course I am kidding, asking such a question. You wouldn’t, nor would any other sane [...]

Retired and not yet retired should be concerned about Social Security. Barry Ritholtz lays out the options the government has regarding the sustainability of the fund. See “Saving” Social Security [...]

“The worst thing in the world next to anarchy is government.” Henry Ward Beecher Bloggers post what they claim to be the “scariest economic chart” or the ”chart of the century.” [...]

In an article in Atlantic Monthly entitled My Inflation Nightmare, Michael Kinsley worries about the future of the economy. He fears that inflation, perhaps hyperinflation, is a likely next stage [...]

Virtually every Western democratic government is insolvent.  And governments utilized the same practices as General Motors to reach this point. In GM’s case, poor management was exposed by Honda, Toyota [...]

  Government is 79% of the Economy Welcome to the world of dysfunctional, bloated and insolvent government. CNBC recently reported on delayed income tax refunds: “…  cash-strapped states such as [...]

Anyone who has looked at the financial condition of this country knows insolvency cannot be remedied without severe cutbacks in entitlements such as Social Security, Medicare and Medicaid. Similarly, major [...]

Great hoopla over the Federal Reserve’s surprise decision to raise the discount rate 0.25 % fills the media and the markets. Pundits discuss earnestly the spice has been added to [...]

The establishment of Social Security as a retirement program should have been so simple that a caveman could have run it. Probably, but not our political geniuses. Once considered the [...]

Share/Save Download article as PDF