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Posts Tagged ‘Economy’
Understanding Adam Smith and John Maynard Keynes »
Sooner or later, we have to talk about the economy and there are perhaps no greater influences on thinking in Washington today than Adam Smith's "invisible hand" and Keynes' "animal spirits." Let me outline for you the difference between the two: Adam Smith: Smith believed that the result of lots and lots of people acting in their best
A Good Friend’s Job Search »
A very good friend of mine is out of work. He has been seeking a job for about 5 months (note: I am writing this blog entry with his permission). The process, as you might expect, is difficult, sometimes humiliating and frustrating. And yet, my friend "soldiers on" treating his job search as a business to which he devotes 5 or 6 10-hour
Judging Friends »
I was recently with a friend of mine from upstate Connecticut. My friend plays a lot of golf. He believes in leisure. He does not admire my work ethic. He had been receiving my e-letters and concluded that I spend too much time reading and writing. He felt the need to give me advice. "Randel, you spend too much time indoors ... you need
Five Reasons to Push Your Kids to Get a Credit Card »
If you are the parent or uncle or aunt or friend of a young adult -- meaning anyone 18-20 -- who will be attending college this fall, you should strongly suggest they get a credit card. Why this advice which flies in the face of the current anti-credit card groundswell? 1. The new credit card law, The Credit Card Accountability Responsibility