I don't think the mortgage meltdown can be ascribed to any generation (and as the representative boomer here, foo on you for saying otherwise). Let's try this: everyone (irrespective of generation) behaved in a rational manner, given their own best interests. However, in doing so, society as a whole was poorly served.
Steve, anyone who has an abiding interest in economics and individual versus group behavior should go back to 1968 and read Garrett Hardin's The Tragedy of the Commons. There's an explanation of the concept on Wikipedia (http://en.wikipedia.org/wiki/Tragedy_of_the_Com...), along with links to Hardin's original essay. Look into that and see if your opinion changes.
Four Pillars
· 1 year ago
Thanks a lot for the link.
We just had our daughter a couple of days ago (post will be coming on Monday) so the baby gift suggestion post was not completely altruistic.. :)
Mike
Patrick
· 1 year ago
Steve, congrats on joining such a great network. I read all of the blogs, and in my opinion, the Money Writers Network just got a lot stronger by adding the three of you.
I'm all about giving new parents cash as a gift. That is the universal present which they can use for anything. I normally mention then intent is for the child's savings or college, but the parents can use it however they wish.
My brother and his wife had a baby two weeks ago, and I need to send them something... maybe a $50 gift card? oink-oink, baby! ;)
All Comments
Steve, anyone who has an abiding interest in economics and individual versus group behavior should go back to 1968 and read Garrett Hardin's The Tragedy of the Commons. There's an explanation of the concept on Wikipedia (http://en.wikipedia.org/wiki/Tragedy_of_the_Com...), along with links to Hardin's original essay. Look into that and see if your opinion changes.
We just had our daughter a couple of days ago (post will be coming on Monday) so the baby gift suggestion post was not completely altruistic.. :)
Mike
I'm all about giving new parents cash as a gift. That is the universal present which they can use for anything. I normally mention then intent is for the child's savings or college, but the parents can use it however they wish.
My brother and his wife had a baby two weeks ago, and I need to send them something... maybe a $50 gift card? oink-oink, baby! ;)