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 one, [...]
Flametoad
Words of wisdom from a combustable amphibian.
Posts tagged ‘money’
Financial Crisis for Dummies, part II
September 23rd, 2008
Financial Crisis for Dummies
September 23rd, 2008
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 [...]
Syndicate
Subscribe to this site's RSS feed.
Recent Comments
- Kyle dropped wisdom on Clash
- Prest0 dropped wisdom on Halloween 2009 Weekend
- Kyle dropped wisdom on Halloween 2009 Weekend
- Kyle dropped wisdom on Solomon Kane
- Neal dropped wisdom on Solomon Kane
Categories
- 12 to Midnight
- Advertising
- Books
- Family and Friends
- Games
- meta
- Miscellaneous
- Movies and TV
- Podcasts
- Seen on the 'Net
Items of Interest
Subscribe via E-mail
Recent Posts
- It’s a Major Award
- I’m Still Here
- Literature Vote
- A Decade in Review
- The Futility of Thrift
- Monday Linkdump
- Book Price Disparities
- Any Way the Wind Blows
- Is SNL back?
- Instant Antagonist
Monthly Wisdom
Older Wisdom
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Feb | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | 31 | ||||