Archive for August, 2008

21
Aug

Weaky #7: Extreme Makeover: Foreclosure Edition

Posted by The Weakonomist in Thursday, August 21st 2008   Comments Off   

If you’ve heard about this you knew it was coming.First a brief introduction to Extreme Makeover: Home Edition.  The concept is simple.  A struggling family with a torn up house gets a new one.  Not only is it new, but its the best of the best and they don’t pay for a dime.  ABC picks [...]

under: banking, investing, loans, personal finance, weaky    
20
Aug

“Why Pulling Out of Iraq Won’t Save Money”

Posted by The Weakonomist in Wednesday, August 20th 2008   Comments Off   

The headline is in quotes because I stole it from Jeanne Sahadi’s article on CNN Money.  I read the first few paragraphs of the article and almost became enraged at how blind the author was to write such crap.  As I continued down the page though her point became more and more fundamentally true.  The [...]

under: economics, government, loans    
19
Aug

Will We Ever Not Have Money?

Posted by The Weakonomist in Tuesday, August 19th 2008   1 comment so far   

Never say never, but it will take a serious change in our culture to bring about an end to the use of money all together.  Let me explain how our society works.
Despite what you may have convinced yourself of, your primary quest in life is the accumulation of money.  Nothing else matters until you’ve accumulated [...]

under: college of weakonomics, economics, government, personal finance    
18
Aug

The Future of Money

Posted by The Weakonomist in Monday, August 18th 2008   5 comments already   

Before reading make sure you’ve read Part I and Part II of “Why We Have Money” from last week.
What does the future hold for me and my dollar?  Well that is actually two questions.  First we’ll look at the future of actual currency.
Take a moment and think about how often you use regular money.  My [...]

under: college of weakonomics, economics, personal finance    
16
Aug

Weakonomics Weekend Edition: Facebook

Posted by The Weakonomist in Saturday, August 16th 2008   Comments Off   

If you know what Facebook is then you might be delighted to know I now have a Facebook account. The link at the bottom should take you to a page to add me as a friend, but if it doesn’t, just search for friends using Weakonomist as a keyword.
Friend me on Facebook!
I’ll make a [...]

under: cars, loans, personal, personal finance, weakend    
15
Aug

Who Pays for the Olympics?

Posted by The Weakonomist in Friday, August 15th 2008   3 comments already   

Every 4 years the media tells us which Summer Olympics athlete we should fall in love with.  This year, as in 2004, we are to fall in love with Michael Phelps.  This is fine by me, as I was a swimmer myself at one point.  In high school I was a Varsity swimmer, and was [...]

under: Uncategorized, business, economics, government, investing    
14
Aug

5 Problems With Social Security

Posted by The Weakonomist in Thursday, August 14th 2008   Comments Off   

If you’ve been reading the blog since the beginning, you’ll know I have a beef with Social Security.
Think about it, its the 1930’s, you haven’t worked in 18 months, your savings is gone, you have 3 hungry children and a wife, and the president just suggested a program to get you money that blurs the [...]

under: college of weakonomics, government, lists, personal finance    
13
Aug

Weakon 230: Social Security

Posted by The Weakonomist in Wednesday, August 13th 2008   2 comments already   

Over 7 decades ago President Franklin Roosevelt signed the Social Security Act into law as a part of the New Deal.  While Social Security does provide other benefits, most notable for disability, we’re going to focus on the retirement aspect.
So what does Social Security do for you?  Basically, money is taken out of your paycheck [...]

under: college of weakonomics, government, personal finance    
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