Economics and Investing:

12 Frugal Lessons From the Great Depression – D.S.

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What The Smart Money Is Most Worried About

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Items from Professor Preponomics:

US News

We are Headed Toward a Cashless Society? (Mises)

House GOP Conference Chair Unveils Bill to Fight Government “Zombies” (Washington Free Beacon) Excerpt: “The legislation would pressure Congress to reexamine government programs whose authorizations have expired by subjecting such programs to a rolling sequester, which would take place over three years and end with a complete elimination of funding if lawmakers have not acted to reauthorize the program. Currently, the federal government funds 256 unauthorized programs costing $310.4 billion, including entire agencies such as the State Department….”

Congress Faces Prolonged Spending Fight (Washington Examiner) Excerpt: “…once again, Congress is facing a prolonged spending fight that results in the last-minute passage of an unpopular ‘omnibus’ bill.”

Solid Job Growth For February, But Shadows Remain Hovering Over the Economy (Outside the Beltway)

International News

More Wretched News in the World’s 7th-Largest Economy (Business Insider) Excerpt: “Brazil is in free fall.”

As the Olympics Loom, Brazil Lurches from One Crisis to the Next (NPR) Excerpt: “Economists say it’s the worst recession here for 100 years — and possibly ever.”

Global Recession Risk Rises to 30pc this Year, Warns Morgan Stanley (The Telegraph) Excerpt: “The US investment bank said a ‘low growth environment’ had made the world vulnerable to a litany of shocks, including fears that central banks have lost control over domestic financial conditions, while rising political risks from Europe to the Middle East threaten to overwhelm governments.”

Personal Economics and Household Finance

Fraud Prevention (Looks Too Good To Be True) Excerpt: “An interesting point about fraud is that it is a crime in which you decide on whether to participate. Hanging up the phone or not responding to shady mailings or emails makes it difficult for the scammer to commit fraud. But con artists are very persuasive, using all types of excuses, explanations, and offers to lead you — and your money — away from common sense.”

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