Author Archives

  • Trumping Obama

    In his 2014 State of the Union speech, President Obama announced the creation of the MyRA.  Let’s do more to help Americans save for retirement. Today, most workers don’t have a pension. A Social Security check often isn’t enough on… Read More ›

  • Oh Oh It’s Magic!

    A few years ago, I gave a short explanation of how government economists are fudging their statistics.  I explained that GDP numbers are just estimates, and they don’t really matter anyway: … government economists make estimates of GDP. Then, they… Read More ›

  • Who pays federal income taxes?

    Remember when Mitt Romney said that 47% of Americans don’t pay taxes in 2012 ?  And how he got pilloried for it in the press, because everyone knows that the rich don’t pay taxes, right? It turns out that Romney wasn’t that far… Read More ›

  • Competition isn’t fair!

    If you’ve ever taken an economics class, one thing you should have learned is that economists believe that competition is superior to all other market structures.  But it seems that economists talk the talk but don’t want to walk the walk: Economic… Read More ›

  • The War on Cash

    Dr. Kenneth Rogoff, PhD from MIT, says that the Federal Reserve should reduce the amount of cash in the economy to fight crime: It’s time to reduce the amount of physical cash floating around the globe to help combat tax… Read More ›

  • And by historic, they mean “criminal”.

    In a ‘historic’ vote on Saturday: The Nevada State Assembly voted in favor of a $750 million public-funding package to build a new stadium and with the hope of moving the Oakland Raiders to the state. The vote passed 28-13,… Read More ›

  • Idiocracy came true

    Canecaldo has some sobering news about this year’s presidential election: Today I bought a Powerade and my boss (another 20s man) said, “Need some electrolytes? Plants crave electrolytes.” “I’m not drinking anything from a toilet, that’s for sure!” The Suicide… Read More ›