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![Why Fixed Interest Rates Are Bad](https://www.bankableinsight.com/wp-content/uploads/2015/04/sss.jpg)
Why Fixed Interest Rates Are Bad
Given the actions of the Federal Reserve, particularly over the last twenty years or so, we have become accustomed to the fixing of interest rates as normal. Indeed, there appear to be benefits for many from such policies, at least in the near term. After all, given mortgage rates as low as 2% to 3%,…
![10 Outrageous But Forgotten Political Scandals](https://www.bankableinsight.com/wp-content/uploads/2014/08/chappaquiddick.jpg)
10 Outrageous But Forgotten Political Scandals
2. Berlusconi’s Young Girls Former Italian Prime Minister and frequent criminal defendant Silvio Berlusconi is no stranger to scandal. He has been convicted of tax evasion, which Italians pretty much shrugged off. But that’s not the scandal that led him to resign. Berlusconi has been repeatedly accused of keeping illicit company with underage girls. In…
![10 Economists Everyone Should Know About](https://www.bankableinsight.com/wp-content/uploads/2015/05/9629396602_a0c7abd483_o.jpg)
10 Economists Everyone Should Know About
Photo by GecmisteKalanlar Adam Smith (1723-1790) A major driving force of The Scottish Enlightenment, Adam Smith is generally viewed as “The Father of Modern Economics,” and his work remains influential to this day. Born in Kirkaldy, Scotland, Smith’s father died while he was still an infant and he was raised by his widowed mother. Despite…
![Wages and the Cost of Living: What Isn’t Being Considered](https://www.bankableinsight.com/wp-content/uploads/2014/10/walmart.png)
Wages and the Cost of Living: What Isn’t Being Considered
The case for higher minimum wages across the country is based on the premise that Americans cannot keep up with the cost of living. Recently I came across a post that charged Wal-Mart was irresponsible because a high number of their employees were receiving state benefits. The post claimed that Wal-Mart’s wages are so low…
![The Ramifications of a Welfare State](https://www.bankableinsight.com/wp-content/uploads/2015/03/7025086135_ecaed2638f_z.jpg)
The Ramifications of a Welfare State
The main problem with welfare such as unemployment benefits, or government handouts, is that it de-capitalizes the productive members of society and capitalizes unproductive members. The productive members are the entrepreneurs. Those who predict what goods consumers will demand in the future and produce them in the present. When the government imposes taxes, it takes…
![10 Hilarious Economic Lessons From South Park](https://www.bankableinsight.com/wp-content/uploads/2014/11/South-Park-Season-18-Episode-4-Handicar.jpg)
10 Hilarious Economic Lessons From South Park
2. Margaritaville This episode mocks both the governments boggled attempt to manage the economy and the public’s common lack of understanding. When the economy crashes South Park is put into one of its often occurring states of panic. False prognosticators come forward to offer varying opinions on the cause of the collapse: The government caused…