Debunked quite convincingly there: http://blogs.reuters.com/felix-salmon/2013/05/01/the-systemi....
(don't stop at the ad-hominem attack on Friedman, though those are fair game, given how much of an hack Friedman is).
It’s a 401(k) World
11–20 of 31 posts
Re: It’s a 401(k) World
#12[deleted]
Have to differ, there. Vanguard Index Funds of course are the best store of money. But I'd say often the best solution is forgoing the government vehicles, which effectively make your funds illiquid for decades for questionable benefit. Why? 401ks (non-Roth) are not tax-free; they're tax deferred. Which is a big difference. When you withdraw from them when you're retired, you pay income tax on them. The relevant meas…
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Re: It’s a 401(k) World
#13Friedman is a hack: http://www.rollingstone.com/politics/blogs/taibblog/contest-... TL;DR - Friedman's been doing minor variations on this "the world is increasingly hyperconnected" bullshit for years and years. It's bad writing and it means nothing.
Several years ago I had the idea of using Markov chain algorithms to auto-generate Thomas Friedman articles. I was going to build a site around it called mechanicalfriedman.com. I just discovered someone else beat me to it:
http://thomasfriedmanopedgenerator.com/
There goes my billion dollar exit...
Re: It’s a 401(k) World
#14Friedman is a hack: http://www.rollingstone.com/politics/blogs/taibblog/contest-... TL;DR - Friedman's been doing minor variations on this "the world is increasingly hyperconnected" bullshit for years and years. It's bad writing and it means nothing.
Matt Taibbi practically makes a living writing takedowns of Thomas Friedman's Op/Ed pieces and books. Here's a selection:
http://nypress.com/flathead/ http://nypress.com/flat-n-all-that/
Re: It’s a 401(k) World
#15Friedman is a hack: http://www.rollingstone.com/politics/blogs/taibblog/contest-... TL;DR - Friedman's been doing minor variations on this "the world is increasingly hyperconnected" bullshit for years and years. It's bad writing and it means nothing.
Matt Taibbi practically makes a living writing takedowns of Thomas Friedman's Op/Ed pieces and books. Here's a selection: http://nypress.com/flathead/ http://nypress.com/flat-n-all-that/
He likes calling bullshit on other writers, and it just so happens Friedman is an endless font of bullshit.
Re: It’s a 401(k) World
#16In case you can't get enough of Freidman's mindbogglingly awful articles you can now generate your own!
Re: It’s a 401(k) World
#17Re: It’s a 401(k) World
#18I found it hard to understand the point he was trying to make.