John Maynard Keynes and the Generational Impact of Entitlements

Before seeing how we are benefiting unequally from entitlement programs like Social Security and Medicare, let’s start with some history. During 1934, with unemployment high and production low, British economist John Maynard Keynes was reported to have crumpled up a pile of…

China’s Demographic Flipflop

The wait list for the most popular retirement home in China has topped 10,000. With 1100 available beds and just 11 beds emptying annually, it could take 100 years for someone to get a spot. Part of the problem is…

The Demand and Supply Sides of China’s One-Child Policy

On Friday, Mead Johnson, maker of infant formulas, had its stock price pop. The reason? China’s Communist Party leadership said they would ease their one child per family policy. You can see the impact on Mead Johnson’s stock price:   Started…

China’s Social Safety Net: Who Will Care For Grandma?

Last year, a 77 year old Chinese woman sued her daughter and son-in-law for neglect. She won. Ruling that the children had to visit their mom at least once every 2 months and provide financial support, the court supported China’s…

A Safety Net: Will India Copy Brazil?

If anyone asks you about India’s anti-poverty initiative, just say UID and CCT. India’s current welfare-in-kind social support system is woefully inefficient. Sort of like a leaky pipeline, a part of the food, fuel, and fertilizer that the Indian government…

Economic Disagreement

Astronomy might help us understand US history according to biographer Walter Isaacson. We just need to think about binary systems in which 2 separately orbiting stars “are linked because of their gravitational interaction.” The tension between Hamilton and Jefferson was…