Growing up in a developing nation gave me the discipline on using credit cards. People in poor countries don’t trust credit cards. I remember getting my first credit card only after I had a good job. But since my parents brought me up with a mindset of living a “debtless” life, up to this day [...]
As I write this Washington Mutual had just collapsed–”the largest bank failure in American history”–and the bailout talks just ended in chaos. Swell.
I’m ignorant when it comes to the complexity of economics. But it seems to me that there are plenty of blame to go around: government, banks, and people who took loans they can’t [...]
I grew up loathing politics in my country of origin. I couldn’t stand the hypocrisy and rampant corruption I heard and witnessed every day. Where I came from, politicians win elections by popularity, terrorizing, and pandering to the poor and uneducated. When they get to office, corruption is the norm. One person, one vote is [...]