Daily Archives: Sunday, February 12, 2012

Obama and Youth Unemployment

In 2008, young adults piled into election booths to vote overwhelmingly for Barack Obama. Their adulation struck me personally as a weird sort of homage to the cult of personality. After all, Obama had no executive experience running any organization … Continue reading

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Posted in Business, Education, Finance and Economics, Media, Policy, Politics | Tagged , , , , | 21 Comments

The Inexorable Rise of the Welfare State

The New York Times published an interesting analysis yesterday on entitlement spending in the United States. Since 1929, entitlements as a share of income rose from 1% to 18% in 2011. Despite some ups and downs, the overall trend line … Continue reading

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Posted in Finance and Economics, Policy, Politics, Social Security, Taxes | Tagged , , , , , | 6 Comments