PEOPLE often remember the past with exaggerated fondness. Sometimes, however, important aspects of life really were better in the old days. via Economic View – Confronting Income Inequality – NYTimes.com.
Category Archives: The Market
Check, Please
Wouldn’t it be nice if we got an invoice when we paid our federal taxes? Wouldn’t it be nice if someone actually thought of this sooner? This table is just that “for someone with the 2009 U.S. median income of $34,140, who paid $5,400 in federal assessments.” via The American Prospect.
The World’s First Billion-Dollar Home
The couple, who have three children, currently live in a 22-story Mumbai tower that the family has spent years remodeling to meet its needs. via Archinect : News : Inside the World’s First Billion-Dollar Home.
Fed Officials Mull Inflation as a Fix
Introducing post-Keynesian macroeconomic policy. Some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed’s informal target. via Fed Officials Mull Inflation as a Fix – WSJ.com.
Bernanke: US Gov’t Can’t Continue with Current Fiscal Model
So, I guess we go back to budget balancing? Or the Federal Government winds up like California. Fed Chairman Ben Bernanke: Let me return to the issue of longer-term fiscal sustainability. As I have discussed, projections by the CBO and others show future budget deficits and debts rising indefinitely, and at increasing rates. To beContinue reading “Bernanke: US Gov’t Can’t Continue with Current Fiscal Model”
