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Money as a Commodity and the Future Value Question
A personal finance column discusses how money can be treated as a commodity that earns interest or returns when invested. It compares paying $75 yearly for 10 years versus saving at 4 percent compounded, illustrating future value and tax considerations with references to Rep. Mahon and a federal budget context. The piece notes the debate over funding and the national debt, and explains a googol as a large number used to describe debt levels.
MENTIONED IN THIS ARTICLE
Carlton Smith
R.T. V
Aue Hefhcheig
Mele
Washington
George I
Mahon
D-Tex
Fred House Appropriations Com
Themittee
Fred
Saag An