Free Republic

Instead of quoting a historical figure like Adam Smith, Daniel Kahneman or John Maynard Keynes, legendary investor Warren Buffett believes the most consequential words on modern economics came from a surprising source: former U.S. President George W. Bush. At the height of the 2008 financial crisis, Bush said: “If money isn’t loosened up, this sucker could go down!” Buffett deemed this quip “the 10 most important words in the history of economics,” he told billionaire Dan Gilbert during an interview at the Detroit Homecoming event at the College for Creative Studies in 2014. Here’s why Buffett believes these words had...

Since the 1980s, the economy has changed in ways that are simply difficult to describe. The real impact of inflation and wage stagnation isn’t apparent unless you dig deeper into the numbers. That’s precisely what a recent college grad did when her mother commented on the idea that young workers “expect too much.” “I think boomers can’t conceptualize this [struggle] because they never had to fight for jobs,” said Cat, a 21-year-old college student. She recently took to TikTok to explain why older workers might find it difficult to empathize with the economic struggles of younger people after a discussion...