Tuesday, September 13, 2011

Morning Journal 9/13/11


Economics

This Week’s Data

Other


One easy step to fix the economy (medium):
http://www.marketwatch.com/story/massive-default-is-best-way-to-fix-the-economy-2011-09-12?link=home_carousel


US manufacturing profits (short):
http://mjperry.blogspot.com/2011/09/us-manufacturing-profits-set-new-record.html

Small business confidence sinks (short):
http://advisorperspectives.com/dshort/updates/NFIB-Small-Business-Optimism-Index.php

Politics

Domestic


Social security as a Ponzi scheme to which I add the observation of Charles Krauthammer that the only thing that differentiates social security from a Ponzi scheme is that contributors to the Ponzi scheme do so voluntarily whereas social security is mandatory(short):
http://cafehayek.com/2011/09/further-thoughts-on-whether-or-not-social-security-is-ponzi-scheme.html

And this (medium):
http://scottgrannis.blogspot.com/2011/09/social-security-is-essentially-ponzi.html