Money As Debt
I found this video about a month ago when Mark Swanson and I were sitting around talking about the role of the Federal Reserve and the central banks. If you're interested in learning more about the Fed, here's a tip: don't go to THIS WEBSITE.
The animation in this video sucks, but it's worth watching if you have 50 minutes to kill.
The animation in this video sucks, but it's worth watching if you have 50 minutes to kill.
Labels: Cash Money, Economics
posted by imderek at
1:59 PM
5 Comments:
!! FIND SOMEONE TO LOVE AND BUY LAND !!
Anyone here who might be struggling with debt might want to check out The Dave Ramsey Show podcast, or his book, total money make over.
Ignore the jesus stuff and forget most of what he says that isn't about personal finance strategies for debt eradication, and then he makes some good points.
Just fundamentals perhaps, but no one ever really taught me how to manage money.
I've been reading a lot of Dean Baker and Nouriel Roubini as well as, of course, James Howard Kunstler. They all have blogs. Kunstler is more of a generalist, but he does a really good job of putting econ in a context that is easy to understand. None of these guys talk personal finance, but it seems the key to that is simple: live below your means and save money.
Also, I'm currently reading Naomi Klein's Shock Doctrine, which is one giant bitch slap to Milton Friedman and the Chicago School of Economics. I would highly recommend that book to everyone on TFH.
I haven't read Shock Doctrine but I'm kinda familiar with her thesis:
maliciously neglect systems until they get so fucked up that they're vulnerable to be taken advantage of.
Live below your means and save... yup, that sounds right
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