Productive Debt
How much debt is it reasonable for individuals to undertake? I propose two criteria for answering this question. First, you must be able to service the debt. Second, the debt should be “productive” in the […]
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How much debt is it reasonable for individuals to undertake? I propose two criteria for answering this question. First, you must be able to service the debt. Second, the debt should be “productive” in the […]
Read moreWhen I worked for the Fed, there were televisions in our building’s gym, and they were always tuned to a financial channel. We joked about how the talking heads had an explanation for every market […]
Read moreMistakes In 2012, Federal Reserve Chairman Ben Bernanke1 gave a speech on the importance of financial education. People commonly make financial mistakes such as saving too little, taking on too much debt, holding too little […]
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