Should we retire retirement? With 43% of Americans having $10,000 or less in retirement savings, and 27% with less than $1000, it is obvious that many people do not think for the future. In fact, recent research on people’s brains shows a tendency toward the use it or lose it mentality extending to people’s money [...]
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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 [...] I recently saw this little sketch that shows an overweight white boy in a shirt that says “America” as the bully and a small, thin black boy in a shirt that says “Africa” asking for food. In the sketch America will only give Africa food if it can exchange it for their natural resources through [...] |
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