"even if one admits that welfare spending has increased the income of some poverty-stricken Americans. Unfortunately, it's done so at the cost of economy-wide productivity..."
Prove it. Where's the data on this?
https://reason.com/2024/01/04/3-economic-myths-that-need-to-die/?comments=true#comments
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Worried About a Stock Market Crash? Here’s What You Should Be Worried About Instead. - Barron's https://share.google/zxmc1t7eE4TLrdHPh
Read this article from Barron's
https://www.morningstar.com/portfolios/when-it-comes-bonds-dont-be-hero
Interesting article on bond allocation, short term needs for retirement are better to be in a money market account up to two years of spending and up to ten years in a high quality active bond fund. Also active bonds have outperformed index bond funds by one percent