Irrational Economics: What You Should know About Money

Posted by on April 10th, 2008 at 10:58am

Northloop Neighborhoods | Community News & Directory wrote an interesting post today on
Here’s a quick excerpt
Gambling establishments know it, amusement parks know it, retailers know it — anything that separates your perception of spending your own money from the reality results in your spending more. And in the case of the American consumer, we are spending consistently more than we earn and more than we could ever pay back.    We are all participating in a Ponzi scheme, relying on the next influx of credit from our home, credit card, auto loan or other lending scheme to pay the minimum payment on

Read the rest of this great post here

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