How much do savers need to save in order to meet their retirement income goals? Although a great deal of effort has been expended in search of answers to this question, a very simple and practical answer is almost in plain sight. It is under a small rock, the rock being the ordinary and familiar time-value-of-money annuity payment calculations that …
A Nation of Slugs?
Have we all gone lazy? Are Americans no longer the restless go-getters they once were? Has our culture changed in ways that impede economic progress instead of naturally promoting it? In his new book, The Complacent Class, Tyler Cowen, one of the most eclectic and inventive of today’s authors on economic issues, says yes to all of these. Not so …
Tyler Cowen and the Fallacy of American Laziness
Have we all gone lazy? Are Americans no longer the restless go-getters they once were? Has our culture changed in ways that impede economic progress instead of naturally promoting it? In his new book, The Complacent Class, Tyler Cowen, one of the most eclectic and inventive authors on economic issues, says yes to all of these questions. Not so fast, …