I saw an article today about new fees and the end of free checking and the rise of fees and red tape at these big banks.
Why on earth would anyone want to bank with these people?
Why would anyone have a checking account that isn't free?
Tuesday, March 29, 2011
Friday, March 11, 2011
Dave Ramsey call
We were able to get on the Dave Ramsey show today - 3/11/2011. I posted the call, as a YouTube video:
By the way, I thought I had prepared for the questions he usually asks, but he didn't ask me the ones I thought about the most.
By the way, I thought I had prepared for the questions he usually asks, but he didn't ask me the ones I thought about the most.
What would America be like without the federal government?
Thomas Woods discussed Rollback on podcast, and he describes what America would be like without them.
Saturday, March 05, 2011
Stupid economics
Sadly, most people have come to believe FDR saved the country from the great depression with all of his programs, and that Hoover sat idly by while the government did nothing to stop economic calamity.
I recently read George W Bush's Decision Point, and one line stood out to me.
"If we're really looking at another Great Depression", I said, "you can be damn sure I'm going to be Roosevelt not Hoover."
In books like Meltdown by Thomas E Woods, he goes into detail that its the intervention by Hoover that made the problems worse, and Roosevelt actually extended the Great Depression with his programs.
The sad thing is that President Bush made the problem worse in 2008. Failing companies should fail. If they believe they will be bailed out, then the have no reason to not engage in risky/bad behavior because there is no downside. People respond to incentives, and if incentives are that a big risk can have a high payoff with the government as a backstop then why not?
Bush even mentions being concerned about moral hazard, but decided to proceed with TARP. He cites jobs and other economic impacts as reasons he did it. Stupid.
I recently read George W Bush's Decision Point, and one line stood out to me.
"If we're really looking at another Great Depression", I said, "you can be damn sure I'm going to be Roosevelt not Hoover."
In books like Meltdown by Thomas E Woods, he goes into detail that its the intervention by Hoover that made the problems worse, and Roosevelt actually extended the Great Depression with his programs.
The sad thing is that President Bush made the problem worse in 2008. Failing companies should fail. If they believe they will be bailed out, then the have no reason to not engage in risky/bad behavior because there is no downside. People respond to incentives, and if incentives are that a big risk can have a high payoff with the government as a backstop then why not?
Bush even mentions being concerned about moral hazard, but decided to proceed with TARP. He cites jobs and other economic impacts as reasons he did it. Stupid.
Wednesday, March 02, 2011
Debt Free
We started our Total Money Makeover in October 2006 shortly after getting married. 52 months later we have paid off about $85,000 in debt using the debt snowball. During this time we moved from San Diego to Olympia, WA, we had job changes, job loss, and a baby.
Hopefully we can get on the air with Dave this Friday.
Hopefully we can get on the air with Dave this Friday.
Subscribe to:
Posts (Atom)