Blogs
Neighborhood Effects | Principles of Pension Accounting Part 1
Much of Eileen and Ben’s recent work has focused has focused on public defined benefit pensions and the problems that are common in public pension accounting. This post will explore some of the theoretical foundations that lie behind their arguments for reform.
Daily Finance | Canada Kills the Penny and Saves Millions: Why We Should Too
Commodity metal costs are soaring. So much so that it now costs more for the U.S. Mint to produce a penny (or a nickel) than the coins themselves are worth.
National Review | The Debate over Austerity Continues
Ryan Avent at The Economist responds to my Corner post yesterday, which argued that, to the extent that austerity measures were implemented in European countries, the spending cuts were not as “savage” as we are led to believe by the anti-austerity headlines. He disagrees. I have a few points to make based on his post
Daily Capitalist | Rising Consumer Debt Reveals Economic Weakness
Consumer credit expanded at a 10.2% annual rate in March. Of that, nonrevolving credit grew 11.3%. This “includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations.
