Post Tagged 'saving'

January 07, 2016

Most Americans Aren’t Prepared for a $1,000 Unexpected Expense (But You Can Be)

The good news is that the pinging sound your car’s engine was making for the last month has finally stopped. The bad news is that the sound stopped because the engine stopped working. Continue Reading...

October 07, 2013

A Failure to Save

This first appeared in my newsletter, Economic Prospect, in late 2008. Looking back after five years I still like it. The American failure to save is matched by our insistence on spending to have it all. Continue Reading...

September 07, 2010

Toward Sustainable Wealth and Profit

Today’s NYT has an op-ed by David Brooks that’s been getting good cyber-circulation, “The Gospel of Wealth.” Brooks highlights in particular Southern Baptist pastor David Platt, who is touted as the youngest mega-church leader in the country. Continue Reading...

December 07, 2009

Short Reply to Dr. Witt Regarding the Economy

I think the country IS discovering its inner Dave Ramsey. The savings rate keeps going up. People are self-consciously trying to protect themselves from uncertainty. At first, it was to protect against a private sector meltdown. Continue Reading...

June 03, 2008

Is this capitalism?

Is this supposed to be capitalism? Geoff Colvin writes that a motivating factor in the recent crash in corporate profits, as well as the sharp decline in home values, was the phenomenon that “people began to believe that the more they borrowed, the better off they would be. Continue Reading...

April 11, 2008

A newsworthy stimulus

Late last month I argued that recipients of the federal government’s stimulus package “should use this rebate money as they see fit, since they are the ones most familiar with their own situations and their own needs. Continue Reading...