A Modest Proposal to Fix Social Security

The annual report of the Social Security Board of Trustees on the long-term financial status of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds released on March 31 showed that from 2034 Social Security won’t have enough money to pay all beneficiaries the amount they are entitled to. There is no great mystery in […]

Is there a fix for Japan’s markets mess?

Kuroda Haruhiko entered the Bank of Japan (boj) with a bang. Upon becoming governor in 2013, the former finance-ministry official fired a “bazooka” of easy money in an attempt to end decades of stagnation. The boj committed itself to buying vast amounts of assets and introduced negative interest rates in pursuit of a 2% inflation […]