President Obama’s 2015 budget proposes a number of tax increases that will mainly affect the rich.
In the past, I’ve used the Federal Reserve’s Survey of Consumer Finances as my source for data about the inadequacy of many households’ retirement savings. Poterba has a new, perhaps even more stark snapshot:
I don’t often go to academic conferences. My general opinion is that at their best, sitting in a windowless room all day listening to people talk about their papers is mildly boring…
while we love what software can do for us, we also like having a safety net
it’s a myth to say, as America Saves does on its home page, “Once you start saving, it gets easier and easier and before you know it, you’re on your way to making your dreams a reality
Before 2006, people used to talk about the Greenspan put. But there’s something even better than having the Federal Reserve watching your back. It’s the résumé put.
We like to think that we form our views based on evidence, but in fact we view the evidence selectively to confirm our preexisting views.
OTC markets are bad for ordinary people.
Nicholas Kristof’s ill-conceived diatribe against the supposed self-marginalization of academics has come in for a fair amount of criticism, notably from Corey Robin. The most obvious problem with Kristof’s argument assertion is that anywhere you look in the policy sphere, you can’t help stumbling over academics left and right. Macroeconomics is an obvious one, but there many others. Take education, for example, where anyone pushing for any conceivable policy change can wave a fistful of academic papers in your face.