I've been away on family business the past couple of days. But I'm back and we'll ease back into the routine.
First, today we recognize the birthday of economist Jacob Viner. Viner is known as an outstanding historian of economic thought and an excellent international trade economist. He is sometimes mentioned along with Frank Knight and the Chicago School, although he frequently disagreed on some of the most fundamental aspects of that group. More importantly, he is known for his work that the long-run matters. According to one source, it his work that Keynes' was referring to when making the famous "in the long-run we're all dead" remark. You can read more about Jacob Viner here and here.
For those of you looking for something more personal finance oriented, here is a look at the finances of the basic American family, courtesy of the folks at VisualEconomics. I don't see the source of the data on the graphic. Regardless, it should be a good discussion starter.
Please feel free to leave comments.