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Is it a good time to save or spend?Is It a Good Time to Save or Spend? There is a peculiar insanity to modern economic life: the harder people work to become financially secure, the more financially fragile they become. A generation ago, saving money was considered an act of prudence. Today, it is treated almost as a pathology. Central bankers openly fear savers. Governments quietly punish them. Financial media ridicules them....0 Commentarii 0 Distribuiri 2K Views 0 previzualizare
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What should I do during a recession?What Should I Do During a Recession? There is a peculiar ritual that unfolds every time the economy begins to convulse. Television economists appear in tailored suits and explain, with the confidence of medieval astrologers reading goat entrails, that the downturn was either impossible to foresee or entirely predictable. Politicians announce emergency measures. Central bankers discover a...0 Commentarii 0 Distribuiri 2K Views 0 previzualizare