It’s been tough to save money since the Crash. Right now many of us are receiving a negative real interest rate on our savings. (If we have savings.) That is, the interest we get on our money is not enough to keep up with inflation. From the moment we buy a CD or deposit money into an interest bearing account we are actually losing money. (We are losing even more money though if we keep it in our mattresses – by a very small amount.)
It’s funny, there are still many people in this country who are concerned with medical marijuana.That making pot available to patients will unleash some horrible drug genie. And yet one never hears these people complaining about medical heroin, and we have widespread legalized medical heroin, aka oxycodone and oxycontin in this country.
Technically Hong Kong is now part of communist China, yet today it is perhaps the freest and one of the wealthiest places on Earth. One man, Sir John James Cowperthwaite, had everything to do with this.
New York is not the most straightforward place to do business. The politicians of the state have long asserted their “right” to meddle (one way or the other) in the affairs of the private sector. Late night comedy it appears to be no exception.