8 Scary Numbers From The Social Security 2100 Act

Advocates of Social Security expansion have declared their intention to move the “Social Security 2100 Act” through the House of Representatives before August recess. The bill, introduced by Rep. John Larson (D., Conn.), has more than 200 co-sponsors. Its sponsors deserve credit for putting forth a comprehensive Social Security [...]

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Trump Is All Wrong About Bitcoin

Frustrated with the Federal Reserve’s degree of political independence and influence over of the economy, President Donald Trump has recently taken to publicly criticizing the man he chose to run the country’s central bank, Jerome Powell. “If we had a Fed that would lower interest rates, we’d be like [...]

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If Student Loans Might Be Forgiven, Why Not Borrow More?

It's one of the rules of electoral success: advocate policies that concentrate the benefits on an easy-to-identify interest group (preferably one that is sympathetic in the public eye) and disperse the costs onto the entire electorate. It's how we get Coke sweetened with corn syrup rather than actual sugar. [...]

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What That Giant Asteroid Of Gold Would Really Do To The Economy

In Greek mythology, Psyche was a woman of such beauty that she inspired jealousy in the love goddess Venus. The 19th-century Italian astronomer Annibale de Gasparis named a massive asteroid after her. How appropriate that it turns out that 16 Psyche, one of the biggest asteroids in the asteroid [...]

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Life Before The Income Tax

If someone from the 17th century came back to life, he or she would be surprised, most of all, by the means of transport and communication tools we use now. Q2 hedge fund letters, conference, scoops etc rdelarosa0 / Pixabay Probably, the most familiar things would be hospitals and schools. Personally, I think [...]

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The Deafening Silence On Social Security’s Looming Insolvency

As the 2020 presidential campaign heats up, it’s disturbing that members of both parties seem unwilling to talk about Social Security. It appears that the program is on such shaky ground that even its mention is political dynamite. How bad is it? Social Security will become insolvent in just [...]

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Why Are Millionaires Able To Receive Food Stamps?

Rob Undersander, a retired engineer in Waite Park, Minnesota, wasn’t eager to go public about being a millionaire, but he wanted to expose a loophole that would allow wealthy—or at least those not needy—to qualify for food stamps. Q1 hedge fund letters, conference, scoops etc Engin_Akyurt / Pixabay Broad Food Stamp Eligibility So, [...]

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Good Money, Bad Money-And How Bitcoin Fits In

Let us start with talking about bad money, by which I mean the US dollar, the euro, the Japanese yen, the Chinese renminbi, the British pound, the Swiss franc, and basically all official currencies. Q1 hedge fund letters, conference, scoops etc jaydeep_ / Pixabay They all represent fiat money. The term fiat [...]

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The Overuse Of Mathematics In Economics

If you enrolled at university today, you would find economics modules filled with mathematics and statistics to explain economic phenomena. There would also be next to no philosophy, law, or history, all of which are much more important to understanding the way our world works and how it impacts [...]

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Why Facebook’s New Cryptocurrency Is No Threat To Bitcoin

Peter Schiff took to Twitter the other day to blast Bitcoin yet again. This is hardly new for the Gold Evangelist, as Schiff has essentially made his entire living promoting the return of the gold standard and investing in the precious metal. This time, however, Schiff pointed to the [...]

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4 Takeaways From The Latest Report On Social Security’s Solvency

The Social Security trustees issued their annual report on the program’s financial condition earlier this year, along with their companion report on Medicare. As in previous years, these reports contain sobering news that lawmakers and the public need to know. Q1 hedge fund letters, conference, scoops etc The trustees who authored [...]

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How To Become The 1% (It’s Easier Than You Think)

This summer, thousands of moms and dads will load their children onto buses and hug them goodbye as they head off to camp to pursue their childhood dreams. Many of these kids will devote their time to practicing their curveballs and base stealing on the diamond. Undoubtedly, all of [...]

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Martin Feldstein, R.I.P.

I learned late last night that my boss for two years at the Council of Economic Advisers, Marty Feldstein, died yesterday. He was only 79. Q1 hedge fund letters, conference, scoops etc Image source: Bloomberg/YouTube Video Screenshot Marty, who was probably the world’s foremost health economist in the 1960s, took a risk [...]

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