Inflation and Consumer Debt: Truth and Myth

March 30, 2009 by  
Filed under Debt and Credit

inflation_truthPersonal finance writers frequently comment on how inflation will affect the average consumer. This topic has received a lot of attention in recent months (including here on Tough Money Love) as our government pours money into the economy. Our central planners have openly conceded that inflation must be a secondary concern until negative employment and GDP trends are reversed. Read more

Share

If Hyperinflation Strikes, What Would You Use as Currency?

January 9, 2009 by  
Filed under Economics

If there is one thing we have learned about economic experts in the past year, it’s that most of them are terrible at predicting if and when the economy will enter a period of high inflation.  Ever since it became apparent that the federal government would be using extreme measures to inject liquidity into the credit markets followed by various forms of deficit-building “stimulus” packages, most experts assumed that an inflationary spike would follow close behind.  However, that has not happened (yet) and now there are concerns about deflation. Read more

Share

Principles of Economics: Business, Banking, Finance, and Your Everyday Life (Book Review)

September 21, 2008 by  
Filed under Book Reviews, Economics

We Must Learn How Politicians are Exploiting Current Events

As I write this review, Congress is working hard to load the Wall Street rescue bill with dozens of extra provisions in a costly and misguided attempt to save segments of the middle class from themselves.  (Those that bought homes they could not afford.)  I’ve also read that some Democrats are clamoring for a provision that would cap compensation for corporate executives, striking another blow against the free market.  There will be others and it will be ugly.  Our economic system is being transformed in an accelerated devolution.  Read more

Share

Celebrate Some Good Economic News on this Labor Day

September 1, 2008 by  
Filed under Economics, Money and Behavior

I intend to take today off like most American workers.  Before doing that, I thought it appropriate to briefly mention some recent economic news that is relevant to this holiday and that is quite favorable in an economic sense.  (I know what you’re thinking – Mr. ToughMoneyLove is all about bad news – what’s up with the good news?  Hey – bringing the hard truth is first and foremost about the truth – good as well as bad!) Read more

Share

When Inflation Attacks, Gold is Not the Defensive Weapon of Choice

August 19, 2008 by  
Filed under Investing, Retirement Planning

Inflation is Attacking (But You Knew That Already)

A proper financial plan and retirement plan needs to include an inflation protection strategy.  The news on the inflation front is not good.  (You probably didn’t need me to tell you that.)  Read more

Share