Posted 8 weeks 3 days ago by Philip Brewer
When I advocate for frugal living, people sometimes ask, "What if everybody lived like that? Wouldn't it hurt the economy?" My natural inclination toward frugal living may color my opinion, but I don't think so. I think mass frugality would be good for the economy.
Posted 24 weeks 2 days ago by Philip Brewer
With prices up, price statistics that look preposterous to anyone who shops, and the Fed trying to thread the needle of preventing a recession without letting inflation run out of control, I want to make sure everyone knows that we're seeing at least two other issues besides inflation.
Posted 24 weeks 5 days ago by Philip Brewer
Of the various ills the economy can face, inflation is simultaneously the worst for society as a whole, and yet the easiest for individuals to deal with successfully. The strategies for dealing with inflation are pretty straightforward.
Posted 27 weeks 22 hours ago by Philip Brewer
Recessions spread. A minor downturn in one business spreads to its suppliers and then to their suppliers. Workers are laid off (or simply fear that they will be) and buy less, spreading the downturn to other sectors of the economy. Since the 1940s, governments have tried to act to limit the damage caused by recessions, but not everyone agrees that government action can help.
Posted 27 weeks 4 days ago by Philip Brewer
I don't know if a recession is coming. Nobody does. We may dodge the bullet for a while. On the other hand, the economy may already be in recession. You don't need to know the future, though, to make some wise moves.
Posted 32 weeks 1 day ago by Philip Brewer
How bad could things get? The New York Times asked that question about the economic situation. It's a good question, but they gave a really bad answer.
Posted 41 weeks 4 days ago by Paul Michael
I'm not sure how many of you watch the news or read the news blogs on a daily basis. I know I can't, it's way too depressing to do every day. But when I saw that George W. Bush, our President, claimed he was fiscally responsible I almost snorted tea out of my nose and onto my monitor. Fiscally responsible? Seriously?
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| Posts | Cmts | |
|---|---|---|
| Andrea Dickson | 2 | 10 |
| Fred Lee | 3 | 19 |
| Julie Rains | 4 | 19 |
| Linsey Knerl | 10 | 32 |
| Margaret Garcia-Couoh | 2 | 6 |
| Myscha Theriault | 7 | 52 |
| Paul Michael | 6 | 14 |
| Philip Brewer | 12 | 37 |
| Will Chen | 2 | 2 |
| Xin Lu | 9 | 23 |
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