Overview Hearing or reading about the state of the beleaguered labor market is impossible to avoid. The financial crisis began more than six years ago, and it has been even longer, since May 2008, from the last bottom in the … Read more
11 Comments The Baby Boomers were the most populous and richest generation to walk the earth. Now, they are just the richest. The Millennial Generation, or Generation Y, are the largest generation in human history. Their story thus far bears a strong resemblance to … Read more
Leave a Comment Rising post-secondary education costs and the additional debt burden they are putting on today’s young adults have become popular topics of discussion. James Altucher stoked much of the present fire with his 2010 piece Don’t Send Your Kids to College. Jeffrey … Read more
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Just in time for the holidays, the US Federal Reserve released its quarterly Z.1 report. Recently retitled Financial Accounts of the United States (formerly Flow of Funds), the new data have provided a new, and perhaps final, chapter in the great financial … Read more
3 CommentsMilton Friedman famously opined, “Inflation is always and everywhere a monetary phenomenon in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.” However, the equation of exchange, to which Friedman … Read more
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