Economy

October 10, 2020

Training for Crisis Management

My five-year-old grandson, Liam, is scheduled to have open-heart surgery on Tuesday, October 13. Liam is my son Harry’s second child. Harry and his wife Kathryn have four children — three boys and one girl.

September 19, 2020

My Letter to TIME Magazine

When I was in law school (1979-1982), one of the weekly magazines I subscribed to was TIME magazine. Back then, there was no internet, satellite television, or national talk radio programs. If we wanted to know what was going on in our country, we had to rely on newspapers, magazines, network television — ABC, NBC, and CBS.

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.

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