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Sir Thomas Gresham. In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
Headquarters of AIG, an insurance company rescued by the United States government during the subprime mortgage crisis "Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported ...
Later in the episode, economist and fellow anchor Sloan Sabbith, in an attempt to console McAvoy about the unflattering article, explains the concept to him in an ironic light: “The greater fool is actually an economic term: it’s a patsy. […] For the rest of us to profit, we need a greater fool, someone who will buy long and sell short.
"Bad Company" is a song by the hard rock band Bad Company that was released on their debut album Bad Company in 1974. Co-written by the group's lead singer Paul Rodgers and drummer Simon Kirke , the song's meaning comes from a book on Victorian morals. [ 1 ]
"The rich get richer and the poor get poorer" is an aphorism attributed to Percy Bysshe Shelley.In A Defence of Poetry (1821, not published until 1840) Shelley remarked that the promoters of utility had exemplified the saying, "To him that hath, more shall be given; and from him that hath not, the little that he hath shall be taken away.
Similarly, the word “budget” is a turnoff because it describes the drudgery of money management — tallying coffee purchases and scouring bank statements for overlapping streaming services.
A different interpretation of the saying is that individuals may have the intention to undertake good actions but nevertheless fail to take them. [3] [4] This inaction may be due to procrastination, laziness, or another subversive vice. [5] As such, the saying is an admonishment that a good intention is meaningless unless followed through. [6]
Your App Addiction. In the list of things to waste money on, smartphone apps are a big one. Those $1.99 purchases seem inexpensive enough, but they can snowball -- especially if you have kids who ...