While we’ve written in the past about the perils of deflation, we’ve also noted that the Federal Reserve Board’s target of 2% inflation is random and dangerous, as the Fed…
The Fed Thinks Higher Prices Are Good For You
The Federal Reserve Board’s quantitative easing program was an unprecedented monetary experiment that dumped trillions of dollars of new money into the economy. Historically, adding that much money to the…
Wages Will Increase When Productivity Does
There are three things we can say about income with a degree of certainty: You’re earning less than you did before the financial crisis. You are overdue for a raise.…
Show Us the Money
The bright spot in this limp recovery has been the unemployment rate, which has fallen to 5.1%. But don’t look too closely, or you’ll notice that the spot is not…
How To Retire Early – Part One
How would you like to retire early? Maybe 62 is a good age or maybe you’d like to retire at 60 or even 55. But unless you’ve won the lottery,…
Appearance vs. Reality
Maybe if the good news about the U.S. economy gets repeated often enough, appearance will become reality. We’re not there yet. The official word from the U.S. Bureau of Labor…
Another Clunker
It’s like “Cash for Clunkers,” only for consumers. You may remember that brilliant piece of Congressional economic planning, where an effort was made to boost auto sales by creating an…