Just stumbled across this quote from Asia Times Online and it’s too good not to share: There is nothing complicated about finance. It is based on old people lending to young people. Young people invest in homes and businesses; aging people save to acquire assets on which to retire. The new generation supports the old [...]
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Author EE Knight was kind enough to post smart guy Jim Manzi’s explanation of how our current finanical crisis came about. I thought it was a great summary not only of how we got here, but also why it’s important to even those of us who do make our mortgage payments. It’s a plain English explanation we [...]
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