Is money at the individual level and economics at the larger level based on rational or emotional thought? Most economists claim that the market and people’s money decisions are based on rational calculations that will help their financial situation. The larger market is guided by this “invisible hand” as Adam Smith called it whereby the [...]
Dieting and Budgeting. Two words no one wants to hear. And yet, interestingly enough, the end results of both are almost always praised: a thin, healthy body and a hearty savings of money. What’s the saying? There’s no such thing as too thin or too rich.
But it is no surprise really that these two things [...]
I was thinking about how easy it is for people to just go out and buy something and then tell everyone about their new purchase. A car, new clothes, new toy, etc. But what about when you decide to invest? Some people feel comfortable talking about 401(k)s or IRAs or other “standard” investments, but when [...]
I think it is only natural that people want to trust what others tell them. And for the most part, it does us well. Our parents want to protect us from that hot stove that could burn us, they want us to look both ways before crossing the street, to wear seat belts, etc. They also tell us [...]
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