Archives for debt



Could a Lottery Be the Answer to America’s Poor Savings Rate?

The Gates Foundation has just pledged $500 million to a cause that seems quite different from typical problems like disease, famine or illiteracy. That $500 million is going to help poor people learn to save money. Read More »



Another Financial Prophet Unearthed

In the wake of any financial crisis, a few people are always trotted forth (sometimes they do the trotting themselves) as having seen the particulars of the crisis in advance — but who, despite all their hand-waving and teeth-gnashing, were roundly ignored. In the Wall Street Journal, Jason Zweig profiles Melchior Palyi, an economist who seemingly predicted many of today’s big economic problems. But here’s the twist: he did it some 70 years ago. Read More »



Recanting a Small Part of Lifecycle Investing

On page 9 of Lifecycle Investing, Barry Nalebuff and I write:

“[B]efore you invest in stocks, first pay off all your student loans and credit card debts.”

On reflection, we were only half right. You should pay off your high-interest-rate credit card loans before investing in stock. But in this post from our Forbes blog, Barry and I show why young investors need not pay off their student loans before investing in stock. Read More »



Brother, Can You Spare a Trill?

Economists Mark J. Kamstra and Robert J. Shiller propose a new tool for government financing: “trills” — i.e., shares in U.S. GDP. Read More »



"And They Invented Math!"

Michael Lewis, who expertly profiled Iceland’s collapse last year, has now set his sights on Greece. Lewis chronicles a country accustomed to corruption, handouts, and “breathtaking inefficiency.” Read More »



Debt as a Drug

Planet Money interviews Nassim Taleb for its Deep Read series. Taleb compares the developed world’s dependence on debt to drug addiction. Read More »



The National Debt Gets a Big Donor

Hint: it wasn’t us. Read More »



Directing Your Charity Dollars to the National Debt

Would kind of person is likely to do this? Read More »