Everything You Need to Know About Economics in Two Hours
Everything You Need to Know About Economics in Two Hours
Everything You Need to Know About Economics in Two Hours is a compact guide that describes how money works. Dr. Burdick uses his life-long study to describe how the use of money began, as well as the future of monetary systems, including alternatives to paper and coin. His experience explains both the pitfalls and prosperity involving investments, including stock options and buy backs, government regulations, and political trends. In an era of widening wealth gaps worldwide, overwhelming student loan debt in the United States, homelessness, a rising elderly population, and Covid-19, Dr. Burdick offers commonsense and thoughtful solutions to some of the toughest solutions to some of our toughest social problems.
ISBN: 9-781950-393022
“For your grandchildren for sure, and for you if you need it.”
“ …the number one hazard to saving is inflation. The bulk of savings should be in places safe from inflation. A house is excellent in this regard. The American central bank target inflation rate is 2%, which will double the nominal value of a house every 36 years. As crowding occurs, house prices have actually risen faster than this in most areas. Inflation will also cut the cost of your mortgage payments as well.”
“Make your financial advisor commit to a fiduciary standard…a fiduciary standard means that your licensed financial advisor (often called a Registered Investment Advisor (RIA) must act in your best interest. Brokers and insurance agents are (with one exception) not held to that standard.”
“A wealth tax could be directly distributed to the poor, but such distribution could be done without a wealth tax, and there has been an enormous historical resistance to government handouts in this country, even when quite small sums are involved.”
“Institutionalizing the mentally disturbed would be more effective and cheaper than putting them in prison. It would also be more effective than the present method of passing out pills and hoping for the best.”
