Economics



This is a guest post from Robert Brokamp of The Motley Fool. Beginning today, Robert will contribute one article to Get Rich Slowly every two weeks. It’s my hope that he’ll bring a fresh perspective to this site, while also providing coverage of topics where I have weaknesses. Today he’s writing about one of my [...]

[read all of Three Lessons from Warren Buffett]

Over the past few months, the mainstream media has been filled with stories about the New Frugals and the return to thrift. People who once lived beyond their means, financing their lifestyle with debt, have “found religion”. They’ve begun to embrace frugality, and have discovered the joy that can come through spending less.
The new age [...]

[read all of The New Age of Thrift]

We’ve heard a lot of rhetoric lately about how this is the worst economy since the Great Depression. Maybe that’s true and maybe it isn’t, but even if it were, what would it mean? I have no frame of reference for these sorts of claims. They smack of hyperbole, but I can’t be sure. In [...]

[read all of Hard Times: An Oral History of the Great Depression]

This is a guest post from Kevin, who writes about getting and staying out of debt at No-Debt Plan. Previously at GRS, Kevin wrote about the power of attentive spending.
Many Americans will begin receiving a few extra dollars in their paychecks this month. Thanks to the latest round of economic stimulus from the federal government, [...]

[read all of Economic Stimulus and the Marginal Propensity to Consume]

Jim Cramer is the manic host of CNBC’s Mad Money, a television show that offers stock recommendations and investment advice. Jon Stewart is the host of Comedy Central’s satirical news program, The Daily Show. Cramer and Stewart engaged in a war of words recently, which came to a head last Thursday night when Cramer appeared [...]

[read all of Snake-Oil Salesmen? Debating the Role of the Financial Media]

Over at Vimeo, Jonathan Jarvis has created a ten-minute film that offers an overview of the credit crisis. If you’ve been struggling to understand what went wrong with the American economy, this will give you some of the basics:
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

If you’d like more information, I encourage you [...]

[read all of The Credit Crisis — Visualized]

Over the weekend, Kim C. pointed me to an article about the dangers of thrift. There’s been a glut of these pieces lately, most of which just make me tense. They seem as if they’re cheerleading conspicuous consumption. But this one is interesting.
Writing for The New York Times, Hiroko Tabuchi describes what happened when [...]

[read all of When Consumers Cut Back]

Last week, I went running with my friend Mac. As we ran, we talked. Mac asked me how it felt to be out of debt, to actually be saving money. Like many of my friends, he’s watched my financial turnaround with interest.
“It feels great,” I said. “I should have learned from you and Pam [...]

[read all of Outside Looking In: How Others View Our Spending]

Yesterday I attended the mid-winter conference of the local financial planning association. I listened to various speakers talk about the economy and how it relates to personal finance.
One of the presenters was John Mitchell, a local financial guru, who spoke about the current economic climate in the state, the nation, and the world. Mitchell’s presentation [...]

[read all of The National Economy Versus Your Personal Economy]

J.D. is on vacation. This guest post comes from DR of The Dough Roller, a money management blog. Previously at GRS, he shared the seven habits of wealth.
Amidst all the financial turmoil on Wall Street and in the credit markets lately, one could easily forget about money-related legislation that is quietly pending in Congress. [...]

[read all of Three Legislative Proposals That Could Have Major Consequences for Your Finances]

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