savings

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How to Survive Come Hell or High Water

Parts of North America were (and in some cases still are) battling various natural disasters, and let me tell you, Mother Nature is putting up one helluva fight. This week’s must-read articles cover flash floods in the Southwest and wildfires in the north, along with ways to guard your electronics and your finances.

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Why the Wealth Effect Doesn’t Work

Its acceptance is as widespread as its justification is important, for it provides the rationale for the Federal Reserve’s unprecedented monetary expansion since 2008. While critics may dispute the wealth effect’s magnitude, few have challenged its conceptual soundness. Such is the purpose of this article. The wealth effect is but a mantra without merit.

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