Taleb says bitcoin effectively worth zero
People also conflate the success of bitcoin as a digital currency with the success of bitcoin as a speculative investment. To be a currency would require it to have some…
Does auto-enrollment in retirement plans make sense?
Source: A new law would require employees to save for retirement – MarketWatch The law would mandate automatic payroll deductions of 3%, rising 1% per year until 10% is reached…
1 in 12 adults in the U.S. is a millionaire
And you know that many will spin this as a negative: Modern millionaires: How a percentage of Americans made their millions More than 8% of adults in the U.S. have…
Government will loan you your future income: “Americans call slimmed down $600 stimulus checks a ‘disgrace'”
Not saying this is good or bad – only that few seem to understand that “stimulus” checks are the government borrowing your future income, which you will then pay back…
Federal Reserve to embrace inflation; easy way to inflate our way out of the debt caused by printing trillions of $s
The Federal Reserve announced a significant change in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s 2%…