Author: David Merkel


Defining Benefits Down

By David Merkel of Aleph Blog I have long thought that Defined Benefit plans are the best retirement plans for workers.  They are also the worst for employers.  Why? Employees are incapable of making intelligent investment decisions in aggregate, much as […]


The Euros Zone

By David Merkel of Aleph Blog I want to toss out a half-baked idea for others to play with, criticize, and adjust. But first, a fully baked idea: the Euro was doomed to fail.  Any core Euro after kicking out the […]