Pennies saved are earned Pennies invested earn dimes I’ll take a nickel -Federal Government

My favorite recurring segment on Weakonomics has to be the Weaky Awards.  I get to make fun of people for making stupid decisions that cost them tons of money.  One of the founding principles of Weakonomics is the government doesn’t have a better clue than the typical consumer.  Today I get to kill two birds [...]

   What is FDIC Insurance and how does it work?  Why do my tax dollars pay for FDIC Insurance? FDIC stands for Federal Deposit Insurance Corporation.  It was formed in 1933 by the Glass-Steagall Act.  Don’t confuse corporation though, you won’t find them on the New-York Stock Exchange.  They are a government entity, but remain [...]

Yesterday, I went on a quick rant about the automobile industry.  Nothing too harsh, just saying the entire process of buying a car is broken.  I may have also mentioned I don’t care if you want to defend the process, it either makes you a fool for participating or a jerk for contributing.  Now there [...]

Originally planned to be a couple of separate posts on similar but different subjects, I’ve decided to just re-write the thing and take it in a different direction. Naturally it ended up being two posts, I’m weird like that. This all happened after reading a post by a commenter on JD Roth’s Get Rich Slowly [...]

Over the weekend, The Weakonomist was as busy as Fox News Team Politics at the GOP Convention.  Only I was doing something productive and I don’t have my lips attached to the rear-end of the party.  See I hired a polling company that had some spare time in between asking us every other day if [...]

Weakonomics is getting blinged out this week. I’m adding 22” Ds, you know the kind that keeps spinning when the Accord rolls up to a stop light. Word to your mother or something. Actually, Chrome is a new web browser built by Google. If you don’t know what a web browser is, its what you’re [...]

You think you’ve got it bad?  You probably don’t but you know someone who does.  If there is one thing I’ve learned in my time at my bank, its that the wealthy are no better off than the rest of us.  Of course we know all the BS about having more money not making you [...]