Exercise: What have you done in your life that was done for money but felt wrong since you believed that you didn’t have a better choice? As each person ages, we must decide at what point do we apply the label “old” to ourselves. Like becoming rich, there is not one point when you are [...]
It’s official. The financial markets have been diagnosed with bipolar disease. Wildly down one day and then up the next (or even during the same day). Everyone wants to know whether consumers will have the confidence to keep buying anything and everything they can find. One day it seems we will keep buying and buying [...]
The Story of I, We, and IT continued The history of homo-economicus has always been about a battle between the I and the We. For each side, the IT has always been about equality. The I’s want equality of prospects for individuals to have the freedom to pursue the goals and motivations without government getting [...]
Whether it is the Middle East or an American election, there is a natural tension between political and economic change. In Egypt, for example, political change has caused an old regime to be ousted while the new government is just trying to form and develop. This change though, while political, has yet to address how [...]
The On-Off Exercise I tried to off myself once. It was a year of transition for my family. I had lived my whole life on the Westside of Los Angeles but my parents had decided to move over the hill to the San Fernando Valley. They settled on an apartment where I had to share [...]
In order to make money work better for everyone, you have to be a selfish collaborator. It may sound like an oxymoron but let’s start by digging deeper into money’s past. In Money 1.0, meaning the original version of money’s introduction into the world, money’s use had to become widespread and those using it had [...]
…Thou Shalt Buy Meaning. Thou Shalt Sell Money. Thou Shalt Hold Change How to Be a Productive Economic Being in a Changing World Here are two sugar world stories. About fifteen years ago, Joshua M. Epstein and Robert Axtell created Sugarscape, a simplified computer model for how an economy can take shape. There was a [...]
When the bottom fell out of the economy at the end of 2008, a lot of people had to change a lot about their lives. Some who saw their retirement accounts drop by 40% or more had to put off retirement. Some people lost their houses. Some, like one client I had, just wondered if [...]
These are tough economic times, no doubt about it. In times like these, it’s hard to think of things to feel grateful for. Obviously, if I compare myself to someone living in a third world country who can barely feed themself, who worries constantly about the safety of their family, or about how much the [...]
If you remember a bunch of Vietnam war protestors getting together in Washington, D.C. to levitate the Pentagon in the 1970’s, you probably weren’t there. Or at very least, hadn’t drunk the same orange juice they did. In 2009, with unemployment officially near 10% and unofficially near 18%, the FHA nearing the red, retirement accounts [...]
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