healthcare

Stunning! Guess it’s time for our annual physical with Dr. iPhone.

Great data from the BLS comparing hourly compensation for manufacturing. The second chart looks at the benefits component of the hourly cost.

Below are two messages from Franklin Roosevelt, proposing the Social Security program and signing it into law. The main points to note in the text deal with the purpose and funding of Social Security and unemployment insurance i.e. the why…

Former Fed nominee and Nobel Laureate Peter Diamond spoke to Bloomberg News about how he sees the economic difficulties the United States faces. His view is that America faces a jobs crisis in the here and now and that deficit reduction is…

I do not take the position that other writers on this blog do that Social Security and Medicare must be protected at all costs. In fact, as you can see above, I outlined very clearly two years ago what is happening politically right now.…

Michael Hudson argues that President Obama says one thing, and he does the opposite. Here’s basically the charade that’s happening when he’s trying to be reasonable. In order for him to move way to the right and to continue the Bush…

I wrote three posts on why human reasoning has not evolved to pursue truth. Rather our minds were designed to argue a ‘side’ irrespective of the facts. In a sense, the facts don’t really matter. I came face-to-face with this phenomenon…

Michael Tanner is a Cato Institute Senior Fellow and L. Randall Wray is Professor of Economics, University of Missouri, Kansas City. The two discussed opposing views on how to deal with the U.S. federal deficit in a radio interview…

The following video talk is based on a must-read piece Professor Stiglitz wrote in Vanity Fair on inequality in the United States.

There are four ways to reduce real debt burdens: by paying down debts via accumulated savings. by inflating away the value of money. by reneging in part or full on the promise to repay by defaulting by…