I do not, as a rule, care about the United States budget deficit. This is for three main reasons: the United States issues dollar-denominated debt, and so has no risk of default, short of political (versus economic) catastrophe; the United States spends such an extraordinary amount on national defense that we have a "peace dividend" available on demand should we choose … [Read more...] about If you care about deficits, this is what you should care about
Archives for February 2018
Canadian philosophy professor and YouTube hit Jordan Peterson recently attracted some attention when he published a book called "12 Rules For Life: An Antidote to Chaos," and a number of other folks on the internet got in on the act with their own "rules for life." You can read Peterson's rules here, if you're so inclined. I don't know whether they're good rules or bad … [Read more...] about Is intergenerational advice possible?
State-sponsored 529 savings plans are tax-advantaged estate planning tools that can also be used to save for "higher education" expenses, a category which was recently expanded to include private and religious K-12 tuition. I've had an account with the Utah Educational Savings Plan, which was recently rebranded as My529, for years and have been very satisfied with their … [Read more...] about Should you use the Vanguard 529 Plan?