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Entries Tagged as 'Public Choice Theory'

A New Way to Think About What “Millionaire” Means

July 8th, 2012 · No Comments · Public Choice Theory

If you cash in your million dollar winning lottery ticket in Virginia like this man did, you can take it in installments of $40K a year for 25 years. If you are a retired teacher in Illinois, your pension is (on average) $45K per year. Plus it will go up annually thanks to automatic cost […]

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A Little Perspective: Medicare Fraud vs Wall Street Bonuses, Profits

July 7th, 2012 · No Comments · Public Choice Theory

Found these numbers interesting. Medicare Fraud? $60 billion a year. Wall Street Profits? $13.5 billion. Bonuses? 19.9 billion.

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