The Social Security system might have been a good idea in 1936, when seniors faced the collapse of asset values in the Great Depression — including the devaluation of their bank savings in 1933 — while their adult children were also out of work and struggling to feed their own children. It might have been a good idea in 1950, when the ratio of payers to recipients was 16.5:1, and the tax rate had climbed to 3.0% combined. But it is definitely not a good idea in 2026, or for the foreseeable next fifty years. Read More ›
Hank Paulson, former CEO of Goldman Sachs, and US Treasury Secretary during the 2008 Financial Crisis, is a serious fellow. So, when Mr. Paulson shows up in Washington DC and tells people that the US Treasury needs an emergency "break the glass" plan if market demand for US Treasury bonds collapses, maybe you should take it seriously. Read More ›
Burdened with $34.5 trillion in national debt that is currently growing by $1 trillion every 100 days, the U.S. economy is headed for disaster. It falls on the next administration to change that trajectory while also introducing policies that increase and broaden economic growth and wealth creation for everyone. Read More ›
