Describes factors that will lead to the collapse of Medicare and gives recommendations for preserving the program's future. Examines major problems of financing, Congress' penchant for expanding the scope of Medicare without committing additional revenues, and the growing elderly population. Recommends trashing the current generational transfer method of financing in favor of a system that requires each age cohort to insure itself against retirement medical expenses. Rettenmaier is research scientist, and Saving is director, at the Private Enterprise Research Center at Texas AandM University. Annotation copyrighted by Book News, Inc., Portland, OR
This comprehensive and informed text offers a practical introduction to the workings of the global economy. Drawing on his hands-on experience in international finance and economic policy, Andrew Vonnegut clearly explains economic concepts and illustrates them with cogent case studies. He describes the global economy by combining principles of economics with investment finance, decision theory, economic history, behavioral psychology, and accounting. Within a rigorous framework that sheds light on the reasons behind international economic events and trends, he brings the people, institutions, incentives, and money flows of the global economy to life. Oriented toward professionals and students, working or intending to work in the global economy, this book fills an important void. It will be invaluable for practitioners in business, investment finance, public policy, consulting, global studies, and journalism. Providing the tools needed to understand international economics, Vonnegut enlightens readers on the people, behaviors, and institutions behind trade and investment flows in today’s globalized economies, and how they all contribute to the volatile and dynamic world we are experiencing.
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