Here are some of the best personal finance and fintech posts from April 2020. To see previous months' top picks click here.
COVID-19
Capitalists or Cronyists? – Professor Galloway
A number of excellent takeaways from this great article. Here is one: “However, no more. Modern-day “capitalism” in America is to flatten the risk curve for people who already have money, by borrowing from future generations with debt-fueled bailouts for companies. We have consciously decided to reduce the downside for the wealthy, thereby limiting the upside for future generations.” If there is one article you should read it is this one! HERE is the corresponding podcast!
Coronavirus Second-Order Effects – Mental Model Club
A thoughtful Google Doc on the second-order effects of COVID-19.
Financial Spring Cleaning: 7 Money Moves You Should Do Now from Home – Wallet Hacks
Now is a good time to clean up your personal finances. Here is a good list to start in on!
Who Pays For This? – Collaborative Fund
A frequent question many of us have. Who pays for the debt load the federal government and governments around the world are now taking on? Here you will find some partial answers and some historical context.
#Macroview: Is The “Debt Chasm” Too Big For The Fed To Fill? – Real Investment Advice
A closer look at the federal reserve with detailed financials and figures.
It’s Time To Build – Andreesen Horowitz
Federal Reserve
Federal Reserve Insolvency & Monetizing The National Debt – Money For The Rest Of Us
An excellent look at how the federal reserve works…or at least how it is supposed to work.
Personal Finance
Choose FI Financial Literacy Program
A great resource for financial literacy at all educational levels!