What Does the Legatum Prosperity Index Measure?

Prosperity. However, my initial reaction when I first looked at the index was that it was more like an index of the quality of life or well-being than of prosperity. My perception of prosperity was too narrow. One of the purposes of the index is apparently to encourage people ‘to take a holistic view . . . → Read More: What Does the Legatum Prosperity Index Measure?

Add Japan to the Q3 Growth Column

Rapidly growing neighbors as well as government stimulus programs helped Japan return to growth much more quickly than any had expected. Japan’s Q3 growth surged sharply at a 4.8% annualized clip. It was Japan’s second consecutive quarter of growth — accelerating from the 2.7% annualized rate of Q2.

The good news for Japan early . . . → Read More: Add Japan to the Q3 Growth Column

Obamacare Is Not Possible

Folks, I have bad news for you. The Barack Obama Health Care Reform (shepherded through by Nancy Pelosi) will be, as written, an utter and unmitigated disaster. It attempts to do two things which are, in combination, impossible. First, it makes health insurance much more widely available through the mind-boggling deal it made . . . → Read More: Obamacare Is Not Possible