Mad Money Machine

MMM-119: Learning Earning

Bank failures. iPhone Day. New Learning Earning segment sponsored by IFA.com. SplashID password locker for iPhone. My theory of death. Teaching money in school. Tool is Deluxe Fund Screener. Your feedback. 

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MMM-119: Learning Earning [ 27:50 ] Play Now | Play in Popup | Download

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  Topics in this week’s show include:         

• Does this sound familiar:
  Starting in July …, the government and the [banks] began to see what dire straits they were in; the enormous inflation of money and credit…, had put the [banks] in danger of going under and illegally failing to maintain… payments.  Over the next year, the [banks] began a series of enormous contractions, forced curtailment of loans, contractions of credit… The contraction of money and credit swiftly bought the United States [a] widespread economic and financial depression. The… Nationwide “boom-bust” cycle had arrived…
  The result of this contraction was a rash of defaults, bankruptcies of business and manufacturers, and a liquidation of unsound investments during the boom. [Rothbard – The Mystery of Banking, pp 204. He’s talking about 1818 not 2007.]
• Today is iPhone day. ITunes 7.7 upgrade is released, giving the ability to download software applications to the iPhone.
• I’m eager to install SplashID to keep my web logins.
• Had any Jalapeno peppers recently. Uhhhh, I don’t feel so good.
• My theory of death: as we baby boomers get older, we are going to recognize a lot more names in the obituaries every week, not just local folks, but people all over the media. (And now, sadly, Tony Snow.)
• Frank in Vancouver says money should be taught in high school.
• Brian says he had a pretty good course about money in college. Here’s the textbook he used.
• Learning Earning: Silent Partners.
• A USL team is guaranteed to make the finals of the US Open Cup.
• WALL-E is worth seeing multiple times.
• Adam Curry has theories on oil and the dollar.
• EconTalk where Russ Roberts talks with Michael Munger about public transportation in Chile is worth a listen.
• Our Tool helps you find mutual funds. It is the MSN Deluxe Screener for Mutual Funds.
• I go through some of your suggestions about how I should change the MMM. Thanks for taking the MMM Survey.

Music from music.podshow.com:
ALTA PLAZA – XRAY DOGS
Money Control – Voide
Runaway Train – Under Feathers

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