Hold on Boys and Girls

Like many others, I have a few bucks in my 401K. Just like a few years ago, I will ignore my statement. Any earnings have, no doubt, been wiped out.

For those who have borrowed to invest, I am anticipating a scene in Trading Places, to be replayed globally.

props to Suburban Guerrilla.

A small percentage of voters speak

“Democracies frequently adopt and maintain policies harmful for most people,” Professor Caplan notes. There are various explanations for this — the power of special interests, public ignorance of details, and so on. But Mr. Caplan argues that those accounts fall short.

“This book develops an alternative story of how democracy fails,” he writes. “The central idea is that voters are worse than ignorant; they are, in a word, irrational — and vote accordingly.”

I agree with Kristof suggestion of teaching economics and statistics in high school. Maybe more people will be able getting a true reading on the data throw at them.

Ageing European Workforce, Working longer

"A healthier elderly population is also one that can be active for longer and make a continuing contribution to economic growth. Thus, the second element of making an ageing Europe work is just that – extending working lives.

For politicians, it will be hard to sell later retirement to a generation that has watched parents put their feet up for good at 50. But, together with significantly more saving before retirement, this is inescapable. To make this possible, so, too, are fundamental changes to the jobs market, workplace culture, and attitudes to older people."

Our British counterparts are facing similar challenges. We all will be working until we are into our 70s. Great.