Unless something is changed, it is also projected the trust fund will be depleted in 2035, when the system’s revenue will cover only about 80% of its promised benefits.
The framers increased the power of the national government compared to the Articles of Confederation so it could perform the functions of a national government.
Although a Gobstopper might be eternal, the tastes and preferences of consumers—even those with very little pocket money—are not.
One little heralded change was when the Fed moved in 2019 from a two percent inflation target to a two percent average inflation target.
Here are three simple tests for any claim: Does the claim sound plausible? Does the claim check out? Is there a cogent theory behind the claim?
With all due respect to our Keynesian colleagues, discouraging saving is bad policy.
