Economics

  • United States Through the Looking Glass

    Occasioned by “Liberation Day” of U.S. Tariffs Polka Chicken Dance declared Trump’s Liberation Day song due to price of tariff eggs through the roof and the crazy dance on Wall Street. Trump announced his next term will reign 3,000 years. “Liberation Day” from nasty democracy. “And Pharaoh’s heart was hardened, and he said, ‘I couldn’t…

  • Tariffs: Nothing to Crow About

    A tariff is a form of financial self-mutilation in which one country delights in punishing another to force them to raise their import prices. In the 1930’s, the over 900 tariffs levied by U.S. Smoot-Hawley Tariff Act worsened The Great Depression. During The Great Depression 44 percent of the U.S. population lived on farms. Today’s…

  • Middle Class Now 3rd Class

    Neither political party dares reveal the US middle class is broke, finished off by medical bankruptcies and depleted IRA’s. Politicians promise empty economic Amway-like schemes. Pastor Jim The 401(k) plan was never meant to be a mainstream pension plan and is a poor substitute for one. It’s a voluntary program that was intended to supplement…

  • “Walk Together Economics”

    Step One: Design a replacement for the failed 401(k) Plan.  Professor Daniel Hemel, University of Chicago Law School, presents a viable option – Professor Hemel’s retirement plan, as published by ThinkAdvisor, borrows the same model used by members of congress and other Federal employees: “A public option in the form of the Thrift Savings Plan, currently…