Author: Ben

Lifehacker just put out a fairly standard post with some advice about personal finance.  As I was reading it, I couldn’t help but realize how relevant each point is to our government’s fiscal situation. It states 3 rules that no longer apply: 1.   “Save 3 to 6 months’ worth of expenses in your emergency fund” … Continue reading Money Advice From Lifehacker

Alex Tabarrok argues for an unbalanced budget amendment and gives a fairly insightful source from the Bible. “In the Bible, Joseph doesn’t advise the Pharaoh to balance the budget instead he tells the Pharaoh, save during the seven fat years so you are prepared for the seven lean. An unbalanced budget amendment reflects this simple and ancient wisdom.” The … Continue reading Wise Economic Advice From the Bible

Back in 2008-9 during the passage of TARP and other emergency liquidity injections my economics teacher at the time asked, “The banks are getting bailed out by the government, but who will bail out the government?” Now that the most recent liquidity crisis (as Keith Hennessey calls it) has been averted, many might say that … Continue reading Lets Talk Debt

I was pointed toward an article today in the WSJ where the authors touted that the negotiation process toward the debt deal was what the framers of The Constitution wanted. I don’t disagree with the article on a whole but it isn’t a very good response to someone who is critical of the polarization of our … Continue reading The Founding Fathers

It seems that the debate over the debt limit is finally coming to a close and our lawmakers are attempting to earn their salaries by actually working together for a few days.  My not-so-secretive distaste for politicians aside, I’m glad that some agreement was made. A couple of concerns: The showdown is not over, only … Continue reading The end of the world avoided…kinda