moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: economics
The Important Part Of Investing
Investing is about more than money. Understand the idea.
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What Is Economics For?
We would all gain by udnerstanding the idea of allocating scarce resources.
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Can Successful Things Fail?
multi-variable problems cannot be solved by looking at only one of them.
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How Do Negative Interest Rates Work?
Mortgages at minus 5% coming soon? Probably not, but negative interest rates are everywhere now.
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Understanding Economics
Why is economics known as the “dismal science?” Economics deals with scarcity and how people address that problem. Scarcity, and doing without, and envy, all form a part of why it is dismal. No one wants to think about that aspect of life. We… Continue Reading “Understanding Economics”
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In Economics, What Is “The Bezzle?”
John Kay writing in the Financial Times, 22 October 2003 pointed out an interesting condition described by Economist John Kenneth Galbraith. The Bezzle. A tiny “embezzle” I suppose. “John Kenneth Galbraith’s greatest contribution to economics is the concept of the bezzle, that increment to… Continue Reading “In Economics, What Is “The Bezzle?””
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What Do We Know?
For the past week or so, one of my cousins and I have been batting around the value of holding gold in one’s portfolio. He puts high value on it, I put little value on it. He thinks I am wrong, I think he… Continue Reading “What Do We Know?”
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Sound As A Dollar
Inflation happens when more money chases the same or fewer goods. For the past three years governments have injected a great deal of money into the economy. The goods and service side has not changed as much, yet there has been no significant inflation.… Continue Reading “Sound As A Dollar”
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