Become a Patron! I've covered extensively my experience using the District of Columbia's paid family and medical leave program to take time off to care for a family member. Since I began that series, the program has been reinforced even further, with the addition of 2 weeks of paid prenatal leave and an extension of personal medical and family caregiving leave to 12 weeks. … [Read more...] about Preserving your eligibility for paid family and medical leave
Schwab’s forthcoming direct indexing platform might be worth a look for the merely affluent
Become a Patron! All the way back in 2020 I offered some speculative predictions about the future of so-called "direct indexing." This is the logical end point of the proposition, promoted by the tax-evasion industry, that by swapping between closely-correlated-but-not-identical securities, those with taxable investments can generate capital losses that can be used to offset … [Read more...] about Schwab’s forthcoming direct indexing platform might be worth a look for the merely affluent
If supply and the rate of profit were fixed, then all wage increases would be inflationary (they’re not)
Become a Patron! The other day I listened to a podcast with Larry Summers, former Treasury Secretary and "Just Asking Questions About The Biological Basis Of Female Intelligence" President of Harvard discussing his pessimistic view of the inflationary landscape. Since I'm an inflation skeptic I went into the episode expecting to disagree with him, and I did, but not for the … [Read more...] about If supply and the rate of profit were fixed, then all wage increases would be inflationary (they’re not)
My successful Economic Injury Disaster Loan modification
Become a Patron! Economic Injury Disaster Loans, first introduced by the 2020 CARES Act, are a special program of the Small Business Administration designed to reach the smallest business, including sole proprietors and platform workers, who may not have been able to fulfill the initial requirements of the larger Paycheck Protection Program (although many of those … [Read more...] about My successful Economic Injury Disaster Loan modification
Inflation-proofing your life
Become a Patron! Life is lived in nominal dollars I wrote last year about the fuzzy thinking I saw surrounding the topic of inflation. Inflation, properly understood, is an economy-wide increase in prices driven by too much money chasing too few goods, not when an early freeze destroys the Florida orange crop and raises the price of orange juice by 20 cents (drink apple juice … [Read more...] about Inflation-proofing your life