Addam Smythe claims to be the great-great-grandson of Adam Smith, the father of modern economics. After a successful Hollywood career managing movie extras, stand-ins and seat fillers, Smythe used his connections and mail-order MBA to fulfill his dream of following in his alleged ancestor’s footsteps. Changing his name slightly to fulfill the basic requirement for living in Beverly Hills, Addam Smythe became the Economist to the Stars. Capitalistbanter.com welcomes Mr. Smythe to our staff to answer your financial questions.
Dear Addam Smythe,
I just turned 59 and decided it’s time to start thinking about saving up for my retirement. What do you recommend I do?
Elbert in Omaha
I suggest you ask your employer to begin deducting 25% of your net income and deposit it directly into a special checking account. Discipline yourself to use this checking account for one purpose: to purchase the kneepads you will need while begging your children to let you live with them.
Dear Mr. Smythe,
My eccentric uncle passed away recently and left me his home which he built out of soap in an attempt to cash in on what he called the “housing bubbles.” Is there anything I can do with it?
Barb in Seattle
Soap homes were once popular in countries where trees were considered to be gods. Perhaps you can find one of the remaining members of the Oakodox Church and hold an open house. A plate of toast burnt with the shape of maples might help.
Dear Addam Smythe,
What will be the “next big thing?”
Joe in Toledo
The “next big thing” will be green crayons. Billions of half-used crayons end up in landfills every June when school lets out, forming a waxy buildup on the planet that is threatening to cause Earth to slip out of orbit. Fifty-four nations have signed the Crayoto Treaty calling for a ban on crayon sales, a move that would cripple elementary education and leave refrigerators doors across the country uncovered, hurting the critical magnet industry. A market is building for an alternative. Put your money in green crayons.
Got a question for Addam Smythe, Economist to the Stars? Leave it in a comment.