THE ECONOMY

Protecting Seniors from Inflation

Protecting Seniors from Inflation

Congress should do three things: (1) index the Social Security benefits tax, (2) let inflation indexed government bonds also index against inflation-induced higher taxes, and (3) let people exchange their non-indexed pensions for an inflation-indexed alternatives. More.

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Your Home is a Great Hedge Against Inflation

Your Home is a Great Hedge Against Inflation

Buy now. Houses, like most physical assets, retain their real value during high inflation and have done far better than most such assets. Plus, if you buy a primary residence now and home prices fall, you won’t be affected unless you need to sell. As long as you have a stable job, can manage your mortgage, and don’t need to move anytime soon, a short-term drop in housing prices isn’t a concern.

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Solution for Student Debt

Solution for Student Debt

Let students and parents borrow as well as refinance their loans at the prevailing Treasury’s 30-year bond rate. This policy coupled with the ability to discharge student loans in bankruptcy will end the student loan crisis. More

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What’s Wrong with the Economy?

What’s Wrong with the Economy?

Inflation has been driven by an explosion of federal spending, which rose to 40% of GDP. Spending surged as the pandemic shutdown reduced employment and production during that period by an average of 7%. In this textbook case of inflation, $1.20 of income began chasing 93 cents of goods and services – a process greased by expansive monetary policy. That mismatch sent inflation to a 40-year high.

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Why Do Some People Earn More Than Others?

Why Do Some People Earn More Than Others?

Most discussions of income inequality implicitly assume that individual preferences have virtually no effect on the outcome. In fact, differences in preferences may be the most important determinant of the distribution of income.

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What You Need To Know About “The Big Short”

What You Need To Know About “The Big Short”

One of the most intriguing movies I’ve seen in a long time is The Big Short. It’s about the housing bubble and what we now call the Great Recession, based on Michael Lewis’s bestselling book “The Big Short: Inside the Doomsday Machine.”

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Saving and Gramm in the Wall Street Journal: The Fed’s Obama-Era Hangover

The Federal Reserve’s Accountability Deficit

The Federal Reserve enjoys extraordinary independence from the elected branches of government, based on the well-founded fear that politicians cannot be trusted with the power to print money and manipulate interest rates.

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