This week, I’m going to take a look at a few of the longer questions that have been languishing in the reader mailbag. These questions were too long for a regular mailbag post – and deserve a longer answer – but are well worth discussing on The Simple Dollar.
There is no instance in all of history when printing money actually turned around a correction. If it did, the world’s richest citizens would be Zimbabweans.
America's Big Money economy, of investors and CEOs, is recovering nicely. The Average Worker economy still has ongoing unemployment, mountains of debt, and falling home values.
Fareed Zakaria told Anderson Cooper: Americans 'are asking for magic because you can’t have the size of government they seem to want with the level of taxes they want. We’ve pretended otherwise for a generation and the result is nearly $14 trillion in debt.'
Ever notice something your boss (or ex-boss) could have done better? Something that, say, an independent contractor or enterprising businessperson could step in and provide?
Government dairy policy, until recently, reflected Depression-era norms. Starting in 1995, a government nonprofit has promoted a pro-dairy policy – in direct opposition to the Department of Agriculture and government nutritionists. Behold the power of cheese.
Unemployment is more prolonged today than at any point since the Depression – much worse than during the double-dip recession of the early 1980s.
The next chair of the House Budget Committee, Rep. Paul Ryan (R-Wisc.), has proposed partially privatizing Social Security. Why not go farther, and institute a reverse income tax?
Retirement plans feature in Question 2 from the Reader Mailbag. Also inside: paying ahead on a mortgage (Question 6), long term care insurance (Question 3) and a World Series prediction.
Every Sunday, The Simple Dollar reviews a personal finance book or other book of interest.
Private employers added almost 160,000 new hires. Job creation increased 0.15 percent increase over last month, but remains more than 6 percent below the pre-recession peak employment.
A reader writes in: she's drowning in her underwater mortgage, can't get ahead on paying off the principal, and has sacrificed everything – including her education – to keep the house.
Small businesses have led the US out of every recession of the past decades, so why not harness the time and energy of undergraduate entrepreneurs?