One of the founding principles of Weakonomics is the lack of education the public has in regards to personal finance. I’m sure many readers are either in good shape, or working towards getting their finances in order. Its a subject that already interests you. I do know that many of you wish you could talk [...]

No more Fed after today I promise! I’ll do something fun next. Criticisms: News flash – The Fed is a government entity and there are people out there that hate it. Ranging from wild conspiracy theories about Jews controlling the world to the simple “unconstitutional” argument there is no shortage of criticisms against the Fed. [...]

Yesterday, introduced you into the fundamentals of the Fed. Today will take a look at what is inside the Fed. No its not candy. The Fed is broken up into 3 subsections. The Board of Governors (BOG) serves as the government section of the Fed. They are based in Washington D.C. and lead by the [...]

Over the next few days we will look into the often mentioned, but rarely understood, Federal Reserve System of the United States. If that doesn’t sound familiar, maybe throwing out a few terms associated with the Federal Reserve System will jog your memory: The Fed, Ben Bernanke, inflation, federal funds rate, Alan Greenspan. The Federal [...]

We are trying a new segment on Weakonomics.com. Announcing the College of Weakonomics. Along with the daily blog, we will include an educational post at in determinant times. At the top of the page there will always be a button called “College of Weakonomics” In that button there will be a listing of all the [...]

I hope to make this a regular segment on Weakonomics, the Weakonomics Awards or Weakies for short. The Darwin Awards of money if you will, only these losers will probably to live to see another day. I will rely on the readers for Weakie suggestions. Since you and I are probably just getting to know [...]

Have you heard of Bear Stearns? Their ticker symbol is BSC. BSC is was one of the most prominent investment banks on the globe until last week. On March 14th, 2008 Bear Stearns announced the need for emergency funding from the Federal Reserve Bank in order to maintain liquidity. To many that might sound like [...]

f you have not checked out Trent’s blog, now is the time to get started. This guy has that “I’ve been through it style” that has made Dave Ramsey so popular. In addition, he’s still getting his financial situation in order after hitting rock bottom in 2006 and provides regular updates about his finances. Trent [...]