Category: Economic
Things having to do with economic / financial issues.
Our national debt – in comparison to annual revenues and deficits
Price Changes of Selected Goods / Services: 1996 – 2016
Economics: How Big is the U.S. Debt?
US National Debt shown at a personal level
What Would a Real War on Poverty Look Like?
This article by Robert Tracinski is spot on. His 6 steps up out of poverty are:
1) Work
2) Education
3) Marriage
4) Saving
5) Homeownership
6) Entrepreneurship
Here is his article with further explanation: Link
Thank Labor Force Dropouts, Not New Jobs, For A Falling Unemployment Rate
Understanding the Debt Problem – A Brief Summary
How The Economic Machine Works by Ray Dalio
Well done video by Ray Dalio of Bridgewater Associates
Danes Rethink a Welfare State Ample to a Fault – NY Times
Having lived in Denmark – this brings back some memories even though it was 30+ years ago. I remember one landlord we had. He was a chef and a diabetic. He would work for a couple of months and then quit so he could collect unemployment which was about 90% of what he was making when he was working. Then he would spend the next 1-2 years drinking at his local bar. There was no incentive for him to be productive or to better himself. The danish welfare state nurtured him into a state of dependency and idleness. Very sad.
http://www.nytimes.com/2013/04/21/world/europe/danes-rethink-a-welfare-state-ample-to-a-fault.html
Zenoch's View 