I’d be remiss if I didn’t highlight Warren Buffet’s post today in the New York Times. Buffet is never lacking with a quote or an opinion, and on the topic of deficit spending he’s no different. Hilariously, he refers to the massive influx of liquidity into the economy as “Greenback Emissions”. I definitely agree with Buffet on this topic; we’re in for a pretty good amount of inflation if the government doesn’t dial back it’s money printing efforts.
Read the rest of this entry »How Does Your 401(k) Stack Up?
On August - 18 - 2009
Do you get a match? What’s the average management fee on your fund choices? Does your plan have all of the necessary asset classes? If you’ve got a 401(k) at work, no doubt you’ve been pressured to sign up (or automatically enrolled). How does your 401(k) stack up?
Read the rest of this entry »Comparing Forms of Entitlement Programs, Part II
On August - 12 - 2009
In my previous article, I compared some of the advantages and disadvantages of different methods of “welfare”. Near the end, it seemed that the Earned Income Tax Credit was clearly the best option, especially as compared to the only other possible method, that of the Living Wage. There is one important, and significant, advantage to [...]
Read the rest of this entry »Comparing Forms of Entitlement Programs, Part I
On August - 7 - 2009
One of the most contentious issues of the past couple of decades has regarded policy debates on how to benefit lower-income individuals (colloquially referred to as ‘Welfare’ programs). This article will not deal with the benefits or disadvantages of Welfare programs in general, but instead will compare the various forms of implementing Welfare. Also, I will show (in the next article) a very important unintended consequence that arises from the current preferred Welfare program, the Earned Income Tax Credit.
Read the rest of this entry »