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Returns to Education … a Myth?

I feel I should comment very briefly on the rising debate about “returns to education”. The issue is that, for a few years, the accepted wisdom has been that the American economy has become subject to a widening meritocracy. Workers who have an education are widely reported to earn significantly more than their less educated […]

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Incompetence

The more I think about it the more I conclude that the malaise the current administration finds itself in is due to ineptitude rather than malice. Sure many of its policies have had a hard anti-social edge: cutting health care payments to poor children can hardly be postioned as pro-social, even this regime’s spin masters […]

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Fed Report on Family Incomes

For those of you who follow these things the Federal Reserve Borad has just published a report based on the 2001 and 2004 surveys of family incomes. The report can be found here: Board of Governors of the Federal Reserve System The headline making nugget of information is that average incomes, after inflation, fell 2.3% […]

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