Wow, life in Time‘s D.C. office is just so, well, thrilling. Here’s the bureau chief reacting just minutes ago to Ana Marie Cox’s admonition that he needs to post on Swampland more often. (Actually, he’s reacting to me saying I’m about to take his picture with my cameraphone, but he reacted the same way to [...]
Big news: The Dow closed at a new record high today of 12,815.38. Yeehaw and all that. Except that, when you adjust for inflation (and investing is all about adjusting for inflation), the Dow is still nowhere near the highs of 2000. I’d make a chart for you, but I’m sitting in a D.C. hotel [...]
A commenter to my post on the strange consistency of the federal tax burden over the past six decades wondered if factoring in state and local taxes would change the picture. (He also wondered about Social Security taxes, but those were already included as federal receipts in my previous chart.) So I went again to [...]
