When does nonsense become noncents? Nonsense is a communication via speech, writing or any symbolic system that lacks any coherent meaning. Noncents is a new word that I formed to describe anything that relates to money that makes no sense or is absurd. The process of forming a new word on the basis of an existing word is called derivation.
One of the noncents absurdities is there is no inflation (according to Federal government statistics), but gas, food, and other products and services keep increasing in price. If your children are attending university, you have seen increases in tuition that exceed inflation. Federal/state/local governments have cut their payroll, services and increased fees and still do not balance their respective budgets. How can a mere mortal like you manage to thrive in this kind of world?
The irony is that individually we thrive despite the chaos around us. Fortunately, I found some of the best or favorite articles of the week. This makes a good segue to today’s picks for Friday Night Links.
The following articles caught my attention:
Invest It Wisely – Getting Screwed Out of Your Hard-Earned Capital: How CDs and GICs are Ripoffs for Long-Term Investing
Investor Junkie – Why PE Ratios Don’t Matter
Len Penzo dot Com – Personal Finance For Dummies: It’s as Easy as A-B-C
Life and My Finances – Is an MBA Really Worth the Cost?
Little House in the Valley – Your Money or Your Life Thoughts
Rules
The selection of blogs is up to the committee of one established by krantcents as a representative of the Academy of Frugal Journalistic Writers. That committee can be influenced by meaningful comments, signing up for my RSS feeds, backlinks, links, trackbacks, Facebook Likes, Twitter, Re-tweets, Digg, StumbleUpon, delicio, Yahoo Buzz, Google Bookmarks and other social media. If you plan on creating a single purpose political action committee (PAC) to buy advertising on my blog to solely influence the committee, please go ahead! Please understand it will not influence the results.
I read more than five hundred (500) articles a week and I highlight just five (5) in my Friday Night Links. Noncents is the other nonsense! Thanks for reading Friday Night Links Noncents Edition.
Photo by: astonishme
Love it. Noncents is the perfect description for what has been going on lately. No inflation but we pay more for the basic necessities? Isn’t that what inflation is?!
Absolutely! Apparently, the federal government does not think these are necessities. I think it is a way to avoid the COLA for pensioners and Social Security recipients.
I enjoyed the committee of one comment. No plans for the PAC though, sorry! 😛
It is my attempt at a little humor.
Let me use it in a sentence. There has been a lot of noncents going on in the government for way too long.
Did I use that correctly?
Yes! It is one of the reasons, I could never be a politician.
Thanks for the inclusion, I’m honoured that the committee accepted me this time around. 😉
I definitely experienced a lot of inflation over the past few years, and gas prices and food prices are still increasing year over year. Can the US ever contain spending? If it came down to it, would they crash the dollar in real terms in order to keep up their spending?
You’re welcome. The U.S. debt is just one component in this equation. The dollar’s low value contributes heavily to oil prices and that permeates everything in the form of gas prices and transportation costs.
Thanks for including me in this week’s roundup!
You’re welcome. What struck me was the statement “forget budgeting”. It is something I feel to my core, I even wrote a post some time ago, “Budgeting is a Waste of Time”.