Source Nov 19 2119, New York - There was a time when most people in the world were impoverished food renters. Ownership of food was concentrated in the hands of a tiny sliver of farmers and big corporations. Everyone else was at the mercy of this tiny sliver who wielded all the power. Until one … Continue reading People Used To Throw Their Money Away At The Grocery Store
As someone who’s given a number of talks on personal finance and managing your investments, there’s one piece of advice that I keep hearing from people over and over again. “Buy low, sell high”, they usually whisper to me in a sagely tone, as though they have discovered some profound truth that will unlock investment … Continue reading Buy Low, Sell High: The Worst Financial Advice of All Time
In a previous article, we discussed the problem with banks guaranteeing fixed deposits while actually investing the money into speculative, long-term ventures, and how such an arrangement naturally leads to bank runs. There is a second problem in this scenario as well; one that is so commonplace that most people do not even stop to … Continue reading We Need to Break Up Banks to Prevent the Next Financial Meltdown
The story of financial crises is an old and oft-repeated one. Bank runs have been occurring since the time of the renaissance, were a key factor in the great depression, and its variants have necessitated billions of dollars in bailouts in the past decade after the subprime crisis. Is this really inevitable? Is this really … Continue reading Banks can Prevent Bank Runs by operating more like Bond Funds
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