Retirement Savings in the Dark
For most of the 20th century, there was a clear wall between working people’s pension funds and the riskier corners of financial markets. This wasn’t accidental—it was the law.
The Bureau of Labor Statistics released the jobs numbers for February this morning; find the Employment Situation Summary here.
I apologize for not keeping up with the blog for the last few days—we have been busy rushing the March/April issue of Dollars & Sense to the printers (late, but by less than usual for us!).
I have just posted an article from the new issue on military Keynesianism; and here is the editorial note for the issue, whose theme is Guns (i.e., military spending) vs. Butter (i.e., spending on jobs):
Atlantic MonthlyHow a New Jobless Era Will Transform America
recent working paper
New York Times article