YOUR Inheritance??

"We used to pay off the mortgage and leave our kids the farm, now we mortgage the farm and leave our kids the payments." --L. Reichard White.

WHY did they DO that??

"Why did the founders include the following in the U.S. Constitution? -- "No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts" --Article I, Section 10, Clause 1

No, you can't do that!

"You can't impose "order," it evolves. When you mess it up, it has to evolve all over again." --L. Reichard White, Thursday, May 01, 2014

What's the difference between governments & market-based organizations?

The key difference between private market-based institutions and government institutions is we have practical ways to control market-based institutions.  --L. Reichard White, July 23, 2013, 17:22:19

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"Unfettered Capitalism" - - -

"Unfettered Capitalism" = protected from competition -- usually by "regulation" -- (and/or subsidy) by a government. Otherwise "capitalists" are seriously fettered by "we the customers." Which is why the capitalists engineer protection -- usually by regulation -- (and/or subsidies) from a government.  --L. Reichard White, Saturday, July 20, 2013 10:54 AM

P.S. This is the ultimate result of what, when applied to bank bailouts, is called "moral hazard" as businesses learn how to get governments to underwrite their operations -- using taxpayers' money. 

Why not UNBANK?

Having money in a bank is like having a joint account with the government. --Dr. Amanda Kim Case, Sunday, May 26, 2013 10:19 AM

Why not unbank?

Creative accounting - - -

The way the unemployment rate is calculated, if everyone quit, we'd have 100% employment.  --L. Reichard White, Tuesday, April 09, 2013 8:31 AM

What controls governments?

Customers control businesses -- and can put them out of business by not patronizing them anymore.  What exerts the same control over governments?  --L. Reichard White, Friday, March 08, 2013 12:56 PM

Which is better?

Compromise is what you do when you have to.  Co-operate is what you do when you want to.  Co-operate is better.  --L. Reichard White, Monday, January 14, 2013 9:46 PM

Where do jobs come from?

"You're supposed to find jobs that need doing, not create them." --my 90 year-old next door neighbor, Jack, Feb. 2009

Can you name that substance?

It wasn’t all that long ago that money was actually made of something scarce–-a real asset that couldn’t be conjured at will by an appointed bureaucrat. --Simon Black of Sovereign Man, Guest Post: The Experiment Has Failed. Are You Ready? | ZeroHedge

You've got the wrong idea

The idea isn't to create jobs, it's to free-up people's time so they can work less.  --L. Reichard White, Tuesday, August 21, 2012 5:42 AM

The OTHER "Trickle-down" theory

The "trickle-down" theory is that if you reduce taxes on the rich, that money will "trickle down" in the form of jobs to the less rich.  The OTHER "trickle-down" theory is that if you give that tax money to the government, it will "trickle down" to the less rich.  --L. Reichard White, Monday, August 20, 2012 3:45 AM

Is it "greed" or is it "social responsibility?"

Why is it that when people want to spend their own money, it's called greed, but when someone else wants to spend it, it's called social responsibility? --Dave Kruger, Sunday, August 12, 2012 4:29 PM

BIG picture

Anything's possible, some things are probable, a few things happen - - - --L. Reichard White, Tuesday, July 10, 2012 7:19

Why use cash?

Cash is safer. To rob you of cash, the robber has to confront you face-to-face or break into your house. And these days, you may be armed. But he can rob you of cash alternatives (credit, bank deposits, etc.) electronically without you even being aware of it. Further, cyber thieves can rob you not only of everything you have, but, by running up debts, money you haven't even earned yet. --L. Reichard White, June 8, 2012, 13:26:24

Where do jobs come from?

"You're supposed to find jobs that need doing, not create them." --my 90 year-old next door neighbor, Jack, Feb. 2009

Two essential questions for harmonious relationships:

1. "What's in it for me?"

2. "What's in it for them?" 

If you can't answer both, until you can, think twice before proceeding.

--L. Reichard White, Wednesday, April 18, 2012 6:04 AM

THINK outside - - -

Think outside the banks - - - --L. Reichard White, Thursday, April 05, 2012 11:33 PM

Who is 'free enterprise' good for?

"Free enterprise can't be justified because it's good for business -- it isn't. It can only be justified because it's good for society." --Peter Drucker quoted on CNBC, October 10, 2002