Kevin D. Gomez EconIcons, Economics

Animal Spirits Peer Pressurin’ Keynes

Animal spirits are involved in a whole lot of our decision making. The famous economist, John Maynard Keynes knew this all along. We make countless decisions guided by peer pressure, often regretting them in hindsight. For example, investing in stocks, experimenting with drugs, going to college, and even political stances are all activities influenced by … Continue reading Animal Spirits Peer Pressurin’ Keynes

Kevin D. Gomez EconIcons

Robert Merton: Finally, The Real Key to Making Cheddar (And Possibly Causing Recessions)

So… we admit Alex gave you the ol’ bait ‘n switch with his post on Harry Markowitz, who basically came up with the sound advice that we shouldn’t put all our eggs in one basket. He teased saying that this was the “key to making cheddar.” You thought he was going to teach you how … Continue reading Robert Merton: Finally, The Real Key to Making Cheddar (And Possibly Causing Recessions)

Kevin D. Gomez Economic Mobility, Financial Literacy

Oh My Gosh! Just Open A Roth IRA Already!

If you want to be financially secure 30 years from now and you haven’t opened a Roth IRA, you’re shooting yourself in the foot. These words of wisdom have come from anyone that is comfortable with their money, including financial planners, economists and any website offering financial advice. Although I am, by no means, comfortable … Continue reading Oh My Gosh! Just Open A Roth IRA Already!