joetheeconomist's channel

@Sharpeguy, You are talking about two different types of deflation. The type we have today has nothing to do with "reflecting the fact that they do, in fact, become easier to produce." We are deflating from an asset bubble caused by the Fed, where everyone (not just subprime borrowers) borrowed...

what a bloody idiot. Sam I doubt you have even read the "conservative assumptions". I doubt that you know what conservative means. The Trust Fund do-nothing assumptions include real interest rates of 2.9%. That is going to be difficult to get if we are buying debt that carries a 2 7/8% yield....

Saying that is a problem is easy. The hard part is coming up with a solution. Here are the solutions for Social Security. FixSSNow.Org. If you see one missing let us know.

There's a lot of disinformation on both sides of the discussion. It's hard to say which is worse. Social Security isn't a ponzi scheme, and the 'conservative' voice that says it largely does a disservice to his real point: The system is broken. Washington isn't looking to fix the system. It is...

If you are interested in solutions for Social Security visit FixSSNow.Org. We consider them all even the lockbox. If you see one missing let us know what it is...

If you are interested in solutions visit FixSSNow.Org. We consider them all even the lockbox. If you see one missing let us know what it is...

If you are interested in solutions visit FixSSNow.Org. We consider them all even the lockbox. If you see one missing let us know what it is...

If you are interested in solutions visit FixSSNow.Org. We consider them all even the lockbox. If you see one missing let us know what it is...

And how is poverty defined in Chile? How many workers lose 12.4% of their paycheck to support each retiree? Chile is the world's largest economy, 2nd, 3rd, 4th, 5th.... No it is an emerging market. Are you are suggesting that the US can do the same thing? The S&P with dividends reinvested si...

Washington Says Social Security Is Safe.... They also said that housing wasn't a bubble, banks were safe, and the GSEs were solvent. That is the 500 trillion to 1 trifecta of incompetence, and you are trusting them on Social Security. I hope you can afford for them to be wrong... 3Ws FixSSNow...

Washington Says It Is Safe.... They also said that housing wasn't a bubble, banks were safe, and the GSEs were solvent. That is the 500 trillion to 1 trifecta of incompetence, and you are trusting them on Social Security. I hope you can afford for them to be wrong... 3Ws FixSSNow.Org....

@lennhart Explain to me how the Trust Fund which owns roughly 500 billion in 3.5% debt expects to achieve a real return of 2.9%. Do you think that inflation is running at .06%. It is clear from what you write is that you haven't read it. Where do you get 40 years? Even with dubious assumption...

w3w fixssnow.org lists all of the problems, and all of the possible solutions. It is no longer about the next generation. It is about us and how our parents will live in retirement. Put it off long enough, and you will get to pick which one of your inlaws comes to live with you.

w3w fixssnow.org lists all of the problems, and all of the possible solutions. It is no longer about the next generation. It is about us and how our parents will live in retirement. Put it off long enough, and you will get to pick which one of your inlaws comes to live with you.

@HexTest - visit the site fixssnow(dot)org. We are trying to find a source to answer questions about privatization. Be the source. I hope that it does work. The numbers don't seem to add-up though...

@Mark16H You overestimate the impact of unions, which control about only 10% of the workforce. Jobs, unionized or not, are going to China for 2 reasons. First, while US workers are the most productive in the world (by a wide margin). That margin is shrinking. Productivity overseas is growing ...