The Social Security program is in dire straits. “The retirement and disability program has been running a cash-flow deficit since 2010. Its trust fund, which holds US$2.7 trillion, is rapidly diminishing…[and] project that the trust fund will be completely drained by 2033.”

The also article describes how the program is currently funded, as well as necessary reforms for a more sustainable future. “The program should be self-funded… shared across generations…adequate for lower income retirees…and should help constrain the future growth of federal spending.”

Read the full article at The Conversation.

PERC Has Moved!

- May 26, 2022
News Filter

In The Media

PERC Recommends:

Veronique de Rugy shares how growing the economy will improve living standards, health and safety, and fairness in the American political system in The Greatness of Growth

Former Senator Phil Gramm and coauthors take on the claim of high and rising income inequality in a new book, The Myth of American Inequality, discussed here by John Cochrane

Former Senator Phil Gramm and coauthor John Early discuss how Census Bureau data skews income inequality estimates in their new book

Alex Pollock reflects that Chairman Powell was present when the seeds of inflation were being sown during former Chairman Volcker’s tenure. Will the Fed under his leadership tame it?

Allison Schrager explains why someone has to pay loan forgiveness in "No Country for Pension Geeks"

Dan Thornton gives More Evidence the Fed Doesn't Affect Mortgage Interest Rates

The Progressive Left Proposes a Reset of the Federal Reserve’s Legal Mandates

Josh Hendrickson (Economic Forces) relates the effects of "Inflation and Relative Prices"

A new bill attempts to resurrect price controls in "Price Controls?! Democrats look to resurrect a completely discredited economic policy"

Josh Hendrickson (Economic Forces) explains the downfall of Luna and TerraUSD in "When a Dollar Isn't a Dollar"

Other factors are at play in "The Fed Does Not Deserve All the Inflation Blame"

The lack of actions from the Federal Reserve discussed in "Why the Federal Reserve has made a historic mistake on inflation"

Using comparable methodolgy, "Today's Inflation is Comparable to the 1973 Oil Crisis"

Aggie entrepreneurship and innoviation in action displayed in "These 23-year-old Texans Made $4 Million Last Year Mining Bitcoing Off Flare Gas From Oil Drilling"

Antitrust legislation and rationality are discussed in "Economic Lessons from Veep"

Reducing access to advanced mathmatics causes lasting damage to STEM educations in "Open Letter on K-12 Mathmatics"

Allison Schrager opines on the Fed's role in economic inequality in "Stay in Your Lane" from the City Journal

An opinion piece titled “Asian Privilege?” touching on hard work, luck, and equal opportunity

The opinion piece Apology Forthcoming? on Texas' mask mandate from the San Antonio News-Express

Texas Electricity Prices Are Lower Due to Deregulation from the American Institute for Economic Research

How Economics Lost Itself In Data from the Wall Street Journal (paywall)

John Cochrane on Vaccines and Free(er) Markets in Health Care with Vaccines at NR

Pandemic Misery Index: Economic Health Implications of COVID-19 in West Michigan​

Red and Blue States of Recovery; 
With Fewer Covid-19 Restrictions, South’s Economy Outperforms Nation (subscription)
and related, Pandemic Misery Index: States and Texas MSAs

The New American Socialist Movement  

Today’s Democratic Socialism Versus the Age-Old Version: A Comparison 

Shorter A&M football season predicted to impact local hotel industry, KBTX, August 12, 2020

Texas State NAACP releases police reform plan, KXXV, July 16, 2020

Texas A&M economists offer insights into pandemic's impact on Brazos County numbers, The Eagle, May 14, 2020

Texas: the 2020 Fiscal Crisis, Nueva Libertad, Special Edition, May 7, 2020

Virus is Not the Only Threat to Reopening Restaurants, The Eagle, April 30 2020

Bryan-College Station economy sees slight decline after growth streak, The Eagle, Monday, March 2, 2020 edition
Economic Index: Bryan-College Station economy sees 10th month of growth, The Eagle, Monday, February 3, 2020
The Real Cost of Doubling the Minimum Wage, E21, January 23, 2020

A Century of Federal Reserve Monetary Policy: Issues and Implications by Thomas Saving, CATO Journal, Winter 2020 edition
Bryan-College Station economy experienced 9th month of growth, The Eagle, Tuesday, December 24, 2019
Economic index: Bryan-College Station numbers holding mostly steady, The Eagle, Sunday, December 1, 2019
Economic index: Bryan-College Station jobless rate hits record low for third time in four months, The Eagle, Wednesday, October 30, 2019
What Happened in Kansas: the 2012 Tax Reform, the Economy, and Lessons For Us All, The Show-Me Institute, Tuesday, October 1, 2019

Brazos Valley Business Summit explores area economic trends, The Eagle, Friday, September 27, 2019 edition

Oh, the lies they tell about voter ID, Washington Examiner, Saturday, September 7, 2019 edition

Economic Index: Number for Bryan-College Station defy recession worries, The Eagle, Sunday, August 25, 2019 Edition

Monthly Index: Bryan-College Station jobless rate falls to record low 2.8%, The Eagle, Sunday, July 28, 2019 Edition

Has the Federal Reserve Lost Its Mojo?, The Wall Street Journal, Tuesday, June 18, 2019 edition

Economic Index: Bryan-College Station economy slows, but population growing fast, The Eagle, Sunday, May 26, 2019 edition

Economic index: Bryan-College Station numbers slipped in February, The Eagle, Thursday, April 25, 2019 edition

Monthly index: Bryan-College Station economy slows slightly, The Eagle, Thursday, March 28, 2019 edition 

Monthly index: Bryan-College Station jobless rate up slightly, but economic growth remains steady, The Eagle, Wednesday, February 27, 2019 edition

This Little-Known Fact Will Make It Harder to Tackle the National Debt, Budget and Tax News, February 2019 Issue, Vol. 17 No. 01, page 20

Monthly index: Bryan-College Station economic growth remains strong, The Eagle, Wednesday, January 23, 2019 edition

The Fed’s Obama-Era Hangover, The Wall Street Journal, Tuesday, January 1, 2019 edition

Monthly index: Bryan-College Station economy shows signs of slowing, The Eagle, Wednesday, December 19, 2018 edition

The Little-Known Fact That Will Make the National Debt Even Harder to Tackle, E21, Friday, December 14, 2018

Monthly index: Metrics show Bryan-College Station economy continues to perform well, The Eagle, Saturday, November 24, 2018 edition

Bryan-College Station economy healthy, new index reports, The Eagle, Friday, October 28, 2018 edition

Social Security Trust Fund Underscores Need for Reform, E21, June 26, 2018

Fiddling While Rome Burns, E21, May 28, 2018

A Booming Economy Will Challenge the Fed, The Wall Street Journal, December 14, 2017

Are Republicans Too Stingy With Medicaid? Forbes, August 2, 2017

The Economic Headwinds Obama Set in Motion, The Wall Street Journal, May 18, 2017​