Instapundit linked to my article on debt, and as a result I've had about double the number of readers today that I normally get. Hi, visitors. Nice to have you here!
A number of economy-related articles caught my eye over the past few days. Here's a quick roundup.
- Billll linked to the Chapwood Index, a locality-related measurement of inflation in the USA. Unsurprisingly, it turns out that real inflation - the kind you and I feel in our wallets every time we go shopping - is vastly higher than official statistics might suggest. Go read Billll's article, and click over to the Chapwood Index page to learn how they calculate their figures. It's eye-opening.
- In my article on debt I mentioned the possibility of government raiding private pension plans to prop up Social Security and stabilize national finances. Back in 2013, Matt Taibi wrote an article titled 'Looting the Pension Funds: All across America, Wall Street is grabbing money meant for public workers'. It's very illuminating, and shows that government grabs aren't the only ones we have to worry about. Recommended reading.
- What happens when you successfully save a boatload of water in California? You get hit with higher water rates, that's what!
- All the media attention being paid to the Koch brothers' funding of right-wing political candidates turns out to be a smokescreen, intended to disguise the far greater amounts being directed to left-wing and progressive candidates by other sources. Warren Meyer has the scoop.
- Finally, we learn that Wal-Mart is actually a progressive company that should be supported by the left wing of US politics. No, really. Read about it in brief here, and see the full report here (the second link is to an Adobe Acrobat document in .PDF format). Who said truth is stranger than fiction?