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The Poor Transfer Wealth to The Rich Via Credit Cards

Reuters has a story about the poor getting bamboozled with yet another scam.  No it’s not three card monte or state run lotto tickets.  It’s via credit cards, and the rich are getting well.. rich off...

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Financial Literacy and Mortgage Delinquency

Many economists are still trying to figure out who to blame for the housing bubble, and its subsequent bust. Already, a few have given us some answers. One theory links financial literacy to the risk...

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Is Gold Really Money?

Texan Senator Ron Paul asked this very question to the head of the Federal Reserve chairman Ben Bernanke last week. Ben stated flat out “no”. Gold (and silver for that matter) for thousands of years...

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