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Daily Market Madness - Round 03.13
MadeMan.com —
Did some twittering post-Cramer/Stewart last night. Follow us if you aren't already.
1.) Sesame Street layoffs tug at the heartstrings. [ReformedBroker]
2.) Watch out for those counterfeit monopoly-money-styled bills. They'll get ya everytime. [MainStreet]
3.) How we could have stopped the financial crisis: Why was no one watching this back in 2006?! [Hulu]
4.) Wake up, mofos. Did you just miss the bottom? ...
Financial Advice from SNL
MV=PQ: A Resource for Economic Educators —
This post relates to the following Keystone Economic Principles: 1. We all make choices. 2. There ain’t no such thing as a free lunch. and 3. All choices have consequences. This video clip from Saturday Night Live features Steve Martin and is a humorous way to make a fundamental economic point - whether personal or national. Credit is a valuable tool and should be used as such. I’m not in favor of a society without credit - I don't think most of us would have homes or an education, quite frankly. But credit shouldn't be used thoughtlessly. Using credit is a choice that should demand our ...
How to Control Entitlement Spending
The Distributed Republic —
The government is having some trouble figuring out how best to control the growth of entitlement spending. I have the answer.
For millennia, responsible adults in the private sector have jealously guarded the secret of an ancient accounting technique called "budgeting." In 1804, J. Thomas Bagwell, who ran a small textile mill in Bristol, threatened to reveal this secret to the government. The night before he set out for London, his home and mill were burned to the ground, with him and his entire family inside. His name was purged from all official records. He is now forgotten in all but the inner circles of the private sector, and his story remembered only in ...
