I’ve read a lot of monetary history and understand that protecting your savings is actually a very difficult task. While studying economics at Harvard, I had the terrific opportunity to study and learn from some of the best and brightest scholars and professors there, some of whom come January will be [...]
Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts including 401(k)s and IRAs and convert them to accounts managed by the Social Security Administration.
Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose [...]
CNC.com - It is often in the midst of economic despair that wealth is both made…and lost. While history often focuses only on the financial loss that transpires during recessions, it is also important to point out that these types of market environments have also provided individuals with the opportunity to make money.
Consider, for instance, [...]
Like many pragmatic economists I have always warned that rapid expansions of government debt would result in inflation and higher interest rates. The explanation was always simple: rising supply of government debt inflates the money supply and weakens the government’s ability to service its debt through legitimate means. But in recent months, government has flooded [...]