A Must See Interview of Fed Chair Ben Bernanke

If you watched tonight’s extended 60 Minutes interview of Federal Reserve Chairman Ben Bernanke, good for you.  If you didn’t – and if you care anything about the future of our economy – I strongly encourage you to watch it.  This is a rare event. Fed Chairmen just never do press interviews.  Bernanke is making a rare exception for these special times in our economy. Read more

How to Get Free Education in Economics

Mr. ToughMoneyLove is not going to talk about free credit scores, free credit card balance transfers, or free credit anything.  (“Free credit” is an oxymoron anyway.)  Instead, I am going to talk about some free education in economics. Read more

Liquidity Conflict in the U.S. Economy – Spenders vs. Savers

The Credit System is on Life Support

There was another round of dire warnings issued from Washington yesterday, capped off by a somber speech from President Bush.  The fundamental message is consistent:  The credit markets are clogged.  There is not enough flow of money from lenders to borrowers to support economic growth.  Read more