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Miranda is a freelance writer and professional blogger. Her articles at have been quoted by publications such as USA Today, NPR.org, LifeHacker, Consumerist and The Atlantic Wire. Additionally, Miranda has been a guest on MarketPlace (and other financial radio programs), and mentioned on the web sites of the Wall Street Journal, the Washington Post and CNN Money. You may contact Miranda at miranda depositaccounts.com.
For savers, wealth erosion comes in two main forms: Inflation and taxes. Inflation, or a rise in prices that erodes your buying power, can slowly eat away at your "real" earnings, meaning that even cash can result in losses if the inflation rate outpaces your yield. The other form of wealth erosion, taxes, is much easier to see. After all, you pay taxes regularly, including paying taxes on the interest earned from your savings account.
Some believe that our tax code has become too complex, and that it is unfair to...
With all the talk of Operation Twist, and the possibility of QE3, and the power of the Federal Reserve, it seems an ideal time to examine the Federal Reserve System, which was established as the ce Federal Reserve Act in 1913. However, according to a rather large and exhaustive book documenting the Federal Reserve, by G. Edward Griffin, the Fed was conceived during a secret meeting on Jekyll Island. Griffin charts the development of the Federal Reserve, and its effect on the economy, in the book The Creature from Jekyll...Continue Reading
Recently, the Federal Reserve downgraded the outlook for the U.S. economy. Following this downgrade, Ben Bernanke then announced the beginning of Operation Twist, a $400 billion program to “twist” short term bonds into debt with longer maturities. This move has a debate started up again about what the effects will be. Some think that, as stimulus measures go, this is a pretty weak attempt that does little to really kick off some serious quantitative easing. (Of course, the Fed insists that Operation Twist doesn’t constitute quantitative easing, and that QE3...Continue Reading
Are you ready for another recession? There is a good chance that another one is coming. Paul Krugman, winner of a Nobel Prize in economics, now thinks that there is a 50% chance that a global recession is on its way. While Krugman thinks that there is a chance that Obama’s jobs plan could make a difference, and help reduce likelihood of a double dip recession, he expects Republicans in Congress to block passage, and he expects that problems in the euro zone are still likely to impact the global...Continue Reading