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The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.
William Greider
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1 Comments
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The burnt odor in Washington is from the disintegrating authority of the governing classes.
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In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.
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If you think about it, Washington's overwhelming power in the world is founded on death, the awesome arsenal for killing people.
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If we have wealth, it will be protected from inflation and possibly even enhanced in value.
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If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.
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Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
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