Lots of speculators made big bucks earlier this year in gold, silver, and day trading. Others did even better in a very different venue: buying and selling sports cards.
They say that money goes to money - and if you don’t believe this maxim, take a look at the statistics compiled by the Fed for the first half of 2020. They show that the 50 richest Americans have almost as much money as the 165 million poorest.
Joe has no food in his home and has no money to shop at the supermarket. Only one thing is keeping him and his family from starving: foods banks, the charitable organizations that distribute food to the needy. Asking for a handout leaves a very bad taste in anyone’s mouth. Unfortunately, Joe and the many millions of Americans and their families in the same predicament are left with no choice.
Economist Milton Friedman once said that there is no such thing as a free lunch and for many years this idea made perfect sense. But not anymore. These days people have a different way of thinking. They want money for nothing, believe they are entitled to this, and expect the government to ante up. This idea is called basic income and it’s catching on in the U.S. and many other countries.
With so much attention still focused on the pandemic and its consequences, it’s easy to forget that many millions of people are suffering from a different problem: depression. This often takes a huge toll on a person’s well-being, and that’s especially unfortunate because even severe cases can be treated.
Reuvain had an important meeting early that morning and turned on the traffic report on the radio. “Road repairs are still going on and the highway is backed up for miles,” the reporter said. Reuvain thought for a moment and then turned to his wife, “I’ll have to take the flying car this morning,” he told her. “You use the one in the driveway.”