The familiar idiom dates back to the 18th century wisdom of Adam Smith who theorized it makes little sense for the "master of a family … neer to attempt to make at home what it will cost him more to make than to buy."
Though it may be convenient to spend for services and invest our time in more productive outcomes, the idea that the expenditure will result in the desired outcome doesn't always apply.
All Money Is 'Fiat Money,' Most Money Is 'Credit Money'
Greeley's reasons for rejecting the term 'fiat money,' at least as applied to the US dollar, are more obscure. He seems to think bank, and central bank, money's credit character rules out its fiat character. If so, I fear he has lapsed into category error.
The practical relation between functions (a) and (b) as discharged in contemporary financial systems accordingly seems to me best viewed not as that of set to disjoint set, but as that of proper subset to set: …
Bitcoin: Redefining F-You Money
The term "F-you money" has been a part of American culture since at least the 1970s, working its way over the decades from Hollywood to Wall Street to Silicon Valley as people in those industries amassed enormous wealth.
However, it's no secret that acquiring traditional wealth puts you on a path of "more money, more problems." Why is that the case?
Credit Suisse's #Zoltan Warns of Trouble Ahead in Money Markets - WSJ
Trouble is brewing in the pipes that run beneath Wall Street. And once again, banks are calling Zoltan Pozsar.
Investors have started storing hundreds of billions of dollars at the Federal Reserve each night, and no one is quite sure what it means.
The facility holds cash from money-market funds, government-sponsored companies and banks for short periods, paying interest the Fed recently raised to 0.05%. It also helps set a floor under short-term interest rates.
Bloomberg - Are you a robot?
Making The Most Of Our Money Mishaps
Perfection in financial planning is impossible and its pursuit may actually be counterproductive. It may be better said that financial planning is fundamentally an exercise in mistake management and minimization.
These inconsistencies are simply a fundamental part of investing in collective and competitive free markets—but what about us, individually?
Money Matters: 4 things your accountant wants you to know about current financial climate |
Times of relative financial stability are a great opportunity to work on financial goals that will make potential emergencies easier to weather.
After the tumultuous year that was 2020, the U.S. economy is quickly recovering , growing at an annual rate of 6.4 percent in Q1 of 2021. Is it business as usual, then?
PGA Tour: Rocket Mortgage Classic prize money
The 26-year-old from Sydney, Australia, earned his first PGA Tour win on Sunday evening, claiming the 2021 Rocket Mortgage Classic at Detroit Golf Club in Michigan after a five-hole playoff.
Davis finished eagle-birdie to force a three-way playoff at 18 under with Joaquin Niemann and Troy Merritt. Niemann made his first bogey of the week on the first playoff hole, while Merritt forced the playoff to five holes. The win earns Davis a whopping $1,350,000.
5 Best Free Money Apps for Young Professionals – 104.5 WOKV
In this article, I'll recommend the five best apps I've found for young professionals to use to help make smart financial decisions.
For this article, I focused on apps that will help in five important areas: budgeting, banking, credit monitoring, job searching and investing.
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