Teresa Miller, the Pennsylvania insurance commissioner, and the head of the Long Term Care Innovation Subgroup says Americans must save more for potential long-term care costs and rely less on insurance. (See related posts about problems with the LTC insurance industry.) More savings may be the best option for the well-off but most Americans suffer from far…
Day: January 9, 2017
Why did God create economists? To make weather forecasters look good.
“The joke’s an old one, but it’s been given new life after the chief economist of the Bank of England—among the most important jobs in the profession—compared economics to one of the biggest forecasting failures of weather people.” “Andy Haldane is optimistic that, like meteorology after its fiasco, applying more data and advanced computing can help…