Draining Visa Gift Cards and O...

Aug 27, 2012 by

I’ve always found gift cards harder to deal with than cash, as they force you to have another item to track. In the case of...

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The Cost of Living in China

Jul 31, 2010 by

Last year, I went to Germany and compared German and American prices. This year brought me to the Chinese eastern seaboard, where I...

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Incremental Costs or Why I Eat...

Oct 19, 2009 by

I like to eat Vietnamese barbequed chicken sandwiches (banh mi), which I purchase for a small shop. They cost me $4 a piece. People...

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Benevolence Gone Wrong

Jun 18, 2009 by

It’s nice to help others. It’s bad to do so when the charity harms their ability to help themselves. Imagine you are a...

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The Big Mac Index: Implication...

Feb 16, 2007 by

Every year, The Economist publishes The Big Mac Index, which I have included below: (Click the link above to see a larger version of...

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More suggestions on how to inv...

Nov 18, 2006 by

Suggestions that were relevant a few weeks ago may no longer be relevant today. The market changes over time, and one must not make...

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The beginning of a new approac...

Oct 24, 2006 by

Imagine one day that you had a windfall of n piles of $2,000. In this hypothetical situation, you have no debt, and thus do not need...

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