If you read no further than this first paragraph, in which I ask the rhetorical question, “Who pays?”—that is to say, who pays for the various Biden administration programs, whether it be student debt forgiveness, the Green New Deal, inflation, aid to Ukraine, or pandemic relief payments?—the answer is always the same: you do. If…
‘Magic Money’ Is Your Money
September 16, 2022
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Quicksand (1950)
September 3, 2022
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After taking $20 from his employer to go on a date with plans to repay it the next day, an auto mechanic falls into increasingly disastrous circumstances for more and more money, which rapidly spirals out of his control. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films:…
Liz Weston: Why Is Money so Confusing?
Managing money is an essential life skill, yet most U.S. adults would fail a financial literacy test. Consider the results of a survey meant to measure financial literacy, called the TIAA Institute-GFLEC Personal Finance Index. On average, U.S. adults correctly answered only 50 percent of its financial literacy questions in 2022. In other words: If…
With Money Rates Down, ‘Something’ Is Up
August 29, 2022
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Commentary We have all been taught to associate low money rates with stimulus, and especially high money rates with trouble. And that can be true under certain circumstances. This theoretical world of easy interpretation doesn’t exist outside of the media or central bank econometric models. History—even recent history—at the very least cautions for a more…
15 of the Most Common Money Wasters
Despite most people’s efforts to avoid debt and exceed their budget, it can be easy to overspend. Many common money wasters, however, lurk in the shadows, waiting to steal your money. So, let’s bring these money wasters into the light so that you banish them for good. Don’t be discouraged if you check every box on…
Back-to-School Shopping on a Budget
Back-to-school season: Whether you and your family have been looking forward to it or dreading it for weeks, it’s officially here. And let’s just say back-to-school shopping will be expensive this year. Not only do you have a lot to buy, but there’s also that whole inflation thing happening. But even though your list may be a few…
Fix the Money, Fix the Government
August 16, 2022
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Commentary In the midst of all this incredible political and economic chaos, I was tasked with packing up my mother’s things to prepare for her move to assisted living. It’s a gravely emotional experience for anyone, as I’m sure you know. I adore that woman, and going through her house offered ten thousand reminders. The…
Millennial: When Is It OK to Be Selfish With Money?
Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks—and probably for you. Yet there may be charitable organizations you want to support, friends, or family asking for financial help and things you want to buy for yourself. It’s possible to do these things even on a limited budget. But…
Delete the K in Monkeypox
Commentary In a move that is sure to trigger widespread discussion concerning the independence, objectivity, and wisdom of granting authority to the World Health Organization to manage global infectious diseases responses, the monkeypox outbreak has been declared a Public Health Emergency of International Concern (PHEIC) by the WHO. The declaration was made unilaterally, in direct…
How to Make Money
Commentary If you’re looking for advice about how to make a profit or a capital gain, then my apologies for the clickbait: this post is about how money itself is created. This should be common knowledge: capitalist economies are inherently monetary, and you’d think that, after a few centuries of capitalism, we’d understand how money…
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