The Angry Bear

(Dan here…Social Security is an issue that seems to generate a lot of firm beliefs and passion, as witness recent threads.  It is rare that people refer to actuary material.  On the other sides of the issue are people like Andrew Biggs, who is knowledgeable and smart in his arguments.  I am posting this as a reminder to readers that contributors do usually go the extra mile…in this case even recently, and since 2008 with Dale, Bruce Webb, and Arne...

I don’t follow healthcare as much as others at this blog. I started playing around with some graphs at FRED and got a bit confused. I don’t mind being confused, but I like to clear up that confusion eventually. So perhaps someone can tell me what’s going on. First, this graph of healthcare expenditures / GDP which seems to indicate that Obamacare bent the cost curve: (click to embiggenize) But looking at the annual change in healthcare expenditures /...

Via Robert Waldmann via  Paul Krugman: The central fact of U.S. political economy, the source of our exceptionalism, is that lower-income whites vote for politicians who redistribute income upward and weaken the safety net because they think the welfare state is for nonwhites  to Noah’s opinion :  A few people have noticed me tweeting a lot more about racial/cultural issues in the last two years, and less about the nuts and bolts of economics. Well, let...

By Steve Roth  (from 2016 October 2) In the millennias-long evolution of human societies and economic systems, we find ourselves today at a pass where three systems predominate, and fitfully cohabit: democracy, capitalism, and socialism. Most countries in the world operate with large doses of all three. Given that, it might seem odd that there are so many loud and prominent political voices who talk about eradicating one or more of the three. These...

Rep. Tom Garrett is a Republican representing Virginia’s 5th Congressional District. He is a member of the Committees on Education and the Workforce, Homeland Security, and Foreign Affairs. He  presents a problem: We can’t afford to lose the energy, ideas, and vision of young people who give up their dreams of going to college because it is unaffordable. And we shouldn’t saddle young people who graduate with enormous debt, forcing them to postpone...

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This is well outside anything I can claim to know much about, so I can’t vouch for it other than that it sounds right to me. From an Al Arabiya article entitled All you need to know about the Iran protests in 20 points: 1 On Tuesday, December 19, the Iranian government announced a new austerity plan. 2 The plan imposed a 50% increase in the price of fuel. 3 The government decided to cancel the monetary support of more than 34 million people. 6 In this...

The side bar ‘broke’ and I cannot access the code to fix it.  If you click on the title you want it seems to offer the correct format for individual posts.  I will work on it but am not a tech person.  I have notified MEV tech people, but it is the New Year weekend so am not sure when it will be fixed.   Sorry for the inconvenience.