Pension pirates

Washington Times ^ | Monday, June 24, 2002 | Alan Reynolds

[JohnHuang2]

Those who enjoy kicking folks when they're down see stock market troubles as a political opportunity. The kicking team is trying to persuade us that control over our own retirement plans is a bad idea.

The first effort was a puny punt, "The Great 401(k) Hoax," coauthored by the resident CNBC curmudgeon Bill Wolman. The next kick was badly aimed, "Retirement Insecurity," by New York University economist Edward Wolff.

[JohnHuang2]

Monday, June 24, 2002

Quote of the Day by LonePalm

[RWG]

This median is not "typical"

Median is a measure of central tendency and sometimes it is a better indicator than an arithmetic average which is also a measure of central tendency. Average can be very deceptive as in the case of a man who drowned in a river with an average depth of 3 inches.

[Free the USA]

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