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Month: July 2012

Social Security Online

Originally published in Flourishing June 2012 Social Security statements are now sent out only annually to workers age 60 and older.  On May 1, 2012, Michael J. Astrue, Commissioner of Social Security, announced that an online version of the Social Security Statement is now available.  “Our new online Social Security Statement is simple, easy-to-use and provides people with estimates they can use to plan for their retirement,” Commissioner Astrue said. “The online Statement also provides estimates for disability and survivors benefits, making the Statement an important financial planning tool.  People should… Read more Social Security Online

The End of the Euro? Not the End of the World!

  Originally published in Flourishing June 2012  Some months back, I wrote that the Eurocurrency and the European Union could go the way of the Dodo—that is, they could become extinct species.  We  seem to be  getting closer to that virtually inevitable day.   The financial media report on this as a bad thing only, because it may induce cataclysmic (temporary) market disruptions and a wretched (warranted) decline in European living standards.  But, there is more to the story.  The good news in this “crisis” is—as noted by Nick Murray—that lessons will… Read more The End of the Euro? Not the End of the World!

A Notable June Birthday

Originally published in Flourishing June 2012.  Claude Frédéric Bastiat was born on June 29, 1801 inBayonne,France, located on theBay of Biscaycoast.  Orphaned at the age of nine, Bastiat was raised by his paternal grandfather.  During his teen years  Frédéric worked in his uncle’s export business, and while there, he developed an interest in economics.  When he was twenty-four, his grandfather died, leaving his entire estate to young Frédéric. Influenced primarily by Adam Smith and Richard Cobden, Frédéric spent his remaining years developing his understanding of economics, and he became famous in his own right as a… Read more A Notable June Birthday