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...
View ArticleFinancial 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...
View ArticleIs 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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