Austin Pullicin

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It’s Time to Pull the Plug on Dr. Ben Carson’s Campaign

There is nary a word to be said against Dr. Ben Carson. He is a soft-spoken gentleman of civilized refinement—broadly educated, highly skilled, …

Ben Carson

Should You Purchase Long-Term-Care Insurance?

Long-term-care insurance. It's a subject most people don't want to think about—but many people know they need to.<p>At first blush, policies that help pay the costs of extended nursing care make perfect sense. Bills add up quickly when you can no longer take care of yourself and your needs exceed what …

Home Care

Three Questions Are Dominating The Discussion About The Stock Market On Wall Street

"The S&P 500 now trades above our year-end 2013 price target of 1750," writes Goldman Sachs chief U.S. equity strategist David Kostin in his latest note.<p>"Consequently, three questions dominated discussions this week: (1) the forward path of the US equity market; (2) prospective return of the S&P …

Don’t blame robots for America’s falling wages: Blame trade

This chart of US wages as a share of the total economy is a favorite of ours for explaining the new economy, if not living in it:<p>This version starts in 1980, but the decline began sometime in the 1970s. Its exact cause has been debated, but now a new paper (pdf) published by the Brookings …

Warren Buffett, age 44, explains the futility of playing the market

In 1975, shortly after joining the board of the Washington Post Company, Warren Buffett wrote a letter to the chairman and chief executive, Katherine Graham. He had some advice as to how the company should invest its pension accounts.<p>All 19 pages were recently published by Fortune, and are well …

Even economists need lessons in quantitative easing, Bernanke style

Martin Feldstein is an eminent economist. In addition to being a prolific researcher, he served as head of US president Ronald Reagan’s Council of Economic Advisors, and made the National Bureau of Economic Research (NBER) what it is today—an institution that Paul Krugman called “the old-boy …

Japan Is About To Prove Keynesian Economics Entirely Wrong

Or we could run the headline as “Japan is about to prove Keynesian economics entirely correct”. For we’ve that wonderful thing going on, that extreme rarity in economics, a natural experiment. One which will either prove or disprove the central tenet of popular Keynesian economics. Please note, I …

A PhD in economics is the only one worth getting

People often ask me: “Noah, what career path can I take where I’m virtually guaranteed to get a well-paying job in my field of interest, which doesn’t force me to work 80 hours a week, and which gives me both autonomy and intellectual excitement?” Well, actually, I lied, no one asks me that. But …