Tuesday, May 13, 2008 | 3:48 p.m.

Thomas Jefferson's Financial Advice

by Chuck Norris

This past week, the Federal Reserve cut interest rates yet again in hopes of easing the strain in the credit markets and jump-starting the economy. The government is also doling out billions of dollars to taxpayers through economic stimulus checks, coming soon to a home near you. What both of these stimuli hope to gain is: your money. In other words, the Fed hopes you'll start spending again — really soon!

I'm not an economist, but this much I have figured out: If our spending is ...

( Back to Article )

Join the Discussion

1 Comments | Post Comment
Posted by: Alan O'Reilly
Comment: #1
Tue May 6, 2008 7:05 AM

Thomas Jefferson seems to have been like Mr Micawber, of David Copperfield, by Charles Dickens, first published 1849-50. Mr Micawber had sound financial advice to give but did not take it himself, as this statement of his shows: 'You know, annual income twenty pounds, annual expenditure nineteen nineteen and six*, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and - and in short you are for ever floored. As I am!' *In the old days in England, 240 pennies made a pound, worth about $2, 12 pennies made a shilling, 20 shillings made a pound, 'six' is sixpence, in either surpus or deficet, according to Mr Micawber's income/expenditure projections. If your government financiers - and ordinary citizens - are like Thomas Jefferson in his personal life, Chuck, then ours appear to be very much like Mr Micawber. We too have a 'credit crunch' and very possibly a gathering financial storm.

Already have an account? Log in.
New Account  
Your Name:
Your E-mail:
Your Password:
Confirm Your Password:
Creators.com comments policy
 

Tuesday, May 13, 2008 | 3:48 p.m.
About Creators | Privacy Policy | Contact Us | Editor's login | FAQ
Copyright © 2006 Creators.com. All Rights Reserved.
Web Development by JJCO