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In Surprising Facts About America’s Population, I pointed out that the top 25% of people in China – the gifted students who out-test 3 out of 4 of their classmates – exceeds the entire population of the United States. This raised some concerns about my enthusiasm for the rise of China. I thought it would…
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The manufacturing sector in the United States generates the same inflation-adjusted profits it did in 1960. Surprised? Here is a look at the numbers.
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A lot of times, people convince themselves that if “they just had a little more money” they wouldn’t be in the financial dire straits they are. Their bills would be paid. They wouldn’t have financial stress. The problem is, everyone else with any sense in their life is likely thinking, “Yeah, you’ll be right back in this situation in a few years” but no one wants to say it aloud.
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This essay on solving the trade deficit resulted from a letter I received from a reader. From August 31, 2010 through August 10, 2016, it consisted of six independent posts on the site. As part of the transformation of the site to the new, streamlined template, those six posts were combined into a single post.
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Where Do Millionaires Invest Their Cash to Keep It Safe? I’ve been having a conversion about investing and money with the reader “Frat Man” in the comments section of another post. He asked: I also had one other question I have always wondered. Where do millionaires keep their money? In the sense that FDIC insurance…
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In 1953, a great movie starring Lauren Bacall, Bette Grable and Marilyn Monroe was released called How to Marry a Millionaire. I got curious as to how much money it would take to equal the same net worth today so I did an inflation adjustment because I wanted to know how big their motivation was in the film.
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Want to know why the middle class is disappearing despite families now having two people in the work force instead of one? Here is Elizabeth Warren discussing in an hour-long lecture at Berkeley. She is the author of The Two Income Trap.
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