Kitchin cycle. Juglar cycle. Kondratiev wave. Boom-bust. A whole bunch of malarkey. I don’t think recessions are nowadays really the result of ‘cycles,’ which is a term that sort of implies they are part of some natural order of things, like moon phases or the seasons. I think recessions are like ice ages. They are … Continue reading The Evolution of the Business Cycle
Tag: retirement
Investigating Social Security Privatization
Introduced as part of Franklin Roosevelt's New Deal, Social Security redefined the role of the government in American life in an almost revolutionary way, similar to the widespread adoption of public education. Despite it's out-sized impact, Old Age and Survivors Insurance (what most people refer to when they speak of Social Security) continues to be … Continue reading Investigating Social Security Privatization