1.15.2008

Long live the consumer!

What to do when the housing ATM runs out? No worries! Here's the 401(k) ATM!

Here's the new retirement strategy: don't save anything. Spend every penny today. Then, when you get to retirement age, you and the other consumers will far outnumber savers. You'll be such a powerful voting block that Congress will tax the hell out of everyone who has saved in order to support those who haven't.

Think I'm joking? I wish I were. That's exactly how it's going to play out.

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...