financial crisis

Understanding the Gold Standard

I first starting thinking seriously about the gold standard back in 1980, when inflation spiked up over 10% (completely destroying my very first budget) and the value of the dollar seemed to be collapsing. [more]

Wise Bread Blogger on the NBC News with Brian Williams

Wise Bread writer Sarah Winfrey had a blast when she went on NBC Nightly News to talk about her family's experience reducing credit card usage during the economic crunch.

Looking On The Bright Side: How to Find A Silver Lining In The Current Financial Crisis

While this might be the biggest economic disaster of our generation, it might not be the big bad wolf that we all think it is. Quite the contrary, this little financial lesson migh

What's the big deal about banks refusing to lend?

Anybody--but especially frugal people--can be excused for thinking that the whole credit crisis thing is being overblown. After all, we get along without debt. In fact, we str

Root cause of the financial crisis

Several times recently, Treasury Secretary Paulson (and many others) have claimed that the "root cause" of the current financial crisis is "the housing correction."  This is completely wrong--and unless policy makers realize that [more]