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Hard money policies support a specie standard, usually gold or silver, typically implemented with representative money. In 1836, when President Andrew Jackson 's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular , an executive order that all public lands had to be purchased with hard money.
Despite his $145 billion fortune, Warren Buffett values time far more than money. Discover why the iconic investor believes reclaiming time is the best investment anyone can make.
The gravestone of Hugh Blair, Greyfriars Kirkyard. Hugh Blair FRSE (7 April 1718 – 27 December 1800) was a Scottish minister of religion, author and rhetorician, considered one of the first great theorists of written discourse.
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Money illusion: The tendency to concentrate on the nominal value (face value) of money rather than its value in terms of purchasing power. [104] Moral credential effect Occurs when someone who does something good gives themselves permission to be less good in the future. Non-adaptive choice switching
The bad ones would have been drained out. ... But when it hits $80, $85, and $90 a barrel. I mean, he made, he made a lot of money. I'm not saying it's a good thing, because he's also suffered ...
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The notion of fed speak originated from the fact that financial markets placed a heavy value on the statements made by Federal Reserve governors, which could in turn lead to a self-fulfilling prophecy. To prevent this, the governors developed a language, termed Fedspeak, in which ambiguous and cautious statements were made to purposefully ...