Reason and Capitalism » Archive
Inflation Facts Most Don’t Know
I built an inflation website a few months ago to have an online platform for explaining inflation related concepts in a consolidated form. There’s a good reason to focus on writing about inflation. Inflation is easily one of the most misunderstood topics in economics and finance. Food for thought: Inflation isn’t up or down in general; some markets inflate, and other deflate. Like right now, we’re seeing both massive inflation in commodities, and deflation elsewhere. When the government talks about the need for “inflation” what they mean is that they want one part of the economy to do better than other parts — they’re stealing from one part of the economy to give to another part. Inflation destroys “money”, not wealth. This means inflation destroys debt; inflation helps the US spend more … Read entire article »
Filed under: Business and Economics
The Real Costs of College
I’m a college dropout. Most people think that’s a negative label, but that honestly makes me smile. I think college degrees and the “college experience” are probably the two most overrated concepts in the last century. Everyone talks about the benefits of college, but almost no one admits that there are often incredibly high built-in disadvantages. This isn’t to say college isn’t often justified — but let’s not pretend there aren’t incredibly high built-in costs. Off the top of my head: Half a decade of time often consumed. Roughly 40k in earnings are often lost up front. Often high-risk living conditions, esp. for girls. Privacy essentially doesn’t exist in dorms for most. Winner takes all — deciding year 3 to stop means no degree. Thousands or tens of thousands in debt for many. Most are essentially lied to for … Read entire article »
Filed under: Business and Economics, Opinion, Personal Development