The global economic boom and America’s shrinking role in it

The global economy has been on a serious roll since 2004. According to IMF data, we’re in the midst of the biggest global boom since the 1970s. Of course, the ’70s weren’t so great in the U.S. and, while the ’00s have been better, they haven’t felt better for a lot of people. The charts [...]

Dick Armey, Social Security, private accounts and the Dutch-Aussie solution

As already noted, I’m loving these Dick Armey posts on Swampland. In his latest, he writes: Social Security is not a retirement system. It is an intergenerational transfer program. Our 21st century economy is marked by a global economy and multiple zigs and zags in the typical career path. Today’s 401(k) funds, diverse mutual fund [...]