Economy

July 4, 2020

Fear, Doubt, and Uncertainty

There’s an emotional roller coaster that people have been on since March of this year. That’s when our country was locked down because of the COVID-19 virus. During the first couple of months of the lockdown, the roller coaster took people down into the depths of uncertainty and doubt. Then it seemed as though it was heading toward what appeared to be a light at the end of a tunnel. But last week, the roller coaster took a sharp turn and catapulted toward a new abyss of fear and uncertainty.

June 6, 2020

How Much Is Enough?

About 20 years ago, I had a wealthy client who was generating more than $1 million a year in income from various businesses that he owned. For the purpose of this discussion, I’m going to call my client “Jim.” In one of his businesses, Jim had a partner who got upset and cut off all contact with Jim and changed the locks and took control of the building where the business was located.

May 30, 2020

Is It Sinful To Accumulate Wealth?

Last month in my article, It’s Time To Fend For Yourself, I wrote about how our country was built upon two religions — a secular religion that was based on the beliefs and principles of individualism, self-reliance, freedom, hard work, patriotism, and independence, and a biblical religion that was based on the beliefs and principles of the 10 Commandments, the God of the Old Testament, and the teachings of the Son of God.

April 25, 2020

It’s Time To Fend For Yourself

The foundation upon which the United States of America was built consisted of two religions: a secular religion that was based on the beliefs and principles of individualism, self-reliance, freedom, hard work, patriotism, and independence, and a biblical religion that was based on the beliefs and principles of the 10 Commandments, the God of the Old Testament, and the teachings of the Son of God.

April 18, 2020

The Deceptive Speculation Behind The COVID-19 Pandemic

You may have heard of Charles Mackey (1814-1889), a Scottish poet, journalist, and author who was best known for his book, Extraordinary Popular Delusions and the Madness of Crowds. Mackey’s book, which was published in 1841, was critical of public manias, such as economic bubbles, fortune-telling, haunted houses, and other manias that were occurring at the time that he wrote his book.

April 4, 2020

The Illusion of Security

There are several ugly truths about life that most of us ignore. I want to cover two of those ugly truths today. The first is that the path through life is fraught with uncertainty. The second is that by the time we’re mature adults, we have had experience with the first truth, but most of the time, we tuck it away into a deep dark corner of our minds. Then we go on with our lives behaving as though the first truth does not exist.

September 7, 2019

The Mark of a Tyrant

During the early 1980s, I read an article about a woman from the Soviet Union who had visited Washington, D.C. The woman was the wife of a top official in the Communist Government of the Soviet Union. While she was in Washington, D.C., the woman and some of her female friends from the Soviet Union were given a tour of several buildings and monuments. When they toured the Capitol Building, she said, “Ours is better.” When she saw the Washington Monument, she said, “Ours is better.” She made the same comment when she saw the Lincoln Memorial, the National Cathedral, and several other landmarks in Washington, D.C.

August 31, 2019

The Legalization of Theft

About 15 years ago, I hired a woman — I’ll call her “Jill” — whose primary job was to assist me with marketing my law firm. One of her duties was to talk on the phone with new potential clients, discuss their situation with them, and if appropriate, schedule an appointment for me to meet with them. Jill was blessed with several gifts. She was outgoing, energetic, enthusiastic, a great conversationalist, and was good at building relationships. She had previously worked as a sales representative and was also a Mary Kay Cosmetics representative who was accustomed to selling to other women.

September 8, 2018

Bunkering – The New American Lifestyle

I first heard the term “cocooning” in 1981, during my first year of law school. The term came from Faith Popcorn, a marketing consultant in New York. Popcorn later described “cocooning” in her book, The Popcorn Report, which was originally published in 1991:

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