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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The Bitcoin Billion-Dollar Discount

When you type a website address into a browser, you might have noticed that the letters “http” appear at the front. “HTTP” stands for Hypertext Transfer Protocol. In typing a Web address, you are actually sending an HTTP command to transmit that website to you. Hypertext Transfer Protocol is the means by which information is …

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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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The Zero Interest Option Could Wreck the Economy

Economic history is primed to repeat in the nastiest of ways unless the government stops distorting the price of something we use every day. Every product, good, or service has a price, which is essential to rational decision-making. We use prices every day as vital data that guide us. Without true prices, prices not distorted …

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Is Saving Money Bad for the Economy?

Our grandparents believed in the value of thrift, but many of their grandchildren don’t. That’s because cultural and economic values have changed dramatically over the last generations as political and media elites have convinced many Americans that saving is passe. So today, under the influence of Keynesian economists who champion government spending and high levels …

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Amazing Gizmos but Depleted Capital

Americans today live like there’s no tomorrow. You can see this in the data regarding retirement. People behave like they will never retire, and the prophecy is self-fulfilling. Under these conditions, they won’t. A new survey shows that 57% of households have less than $25,000 in total household savings and investments. And the trend line …

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