It’s in your food supply. It affects your health. The Fed Chairman does it. Robin Hood did it. Dying people must deal with it. The 1% get their share but so do single Moms. You can find it in merit scholarships. It was behind the Cold War. It pits the old against the young and [...]
Knowledgeable Pinheads and Sneaky Pickpockets make the Economic Universe Let’s go back to the beginning…the very beginning. All matter was gold until the great explosion sent gold pieces hurling into deep space. When the stars and planets formed though they were not just made of gold and land but combined with labor and capital. And [...]
Belief in the Illusion that is Money There is movie called “Catfish.” The movie is in the style of a documentary where the filmmaker’s attempt to delve into the life of an eight-year old painter only to find out that the whole thing was manufactured online by the girl’s mother. The mother turns out to [...]
In Part I, we compared the body and the economy as integrated systems where everything affects and is related to each other. This means that economists and physicians have to understand their field from a holistic point of view. One of the biggest mistakes of the Financial Meltdown of 2008 was the government allowing Lehman [...]
Leveraging Fairness with Commensurate Freedom in a BoodleWorld Imagine that you’ve gone to the doctor because you are hyperventilating and extremely nervous. The doctor asks you what you normally do when you are tense. You respond that you smoke a cigarette. The doctor, concerned about what will happen if you don’t get your anxiety under [...]
…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 [...]
As it is today, “the economy” is a poker game played on a table of glass, in which confidence or lack thereof is key to who wins and who loses. Then there’s also the matter of who’s holding the hammer. What happened to Bear Sterns in 2009 epitomizes the breakdown in confidence of the financial [...]
Most of us are familiar with the idea that buying and eating locally grown food strengthens our local economies and is healthy for ourselves and the planet. Slow food movements are also a great inspiration for those who want to go local when it comes to money, too. Plenty of places around this country and [...]
How the Economic Crisis Affected How I Work and Think as a CFP® When I first entered the financial services industry, I operated under the assumption that I could best serve my individual clients by understanding their particular situations and helping them attain their particular goals. This included trying to protect them from poor decisions [...]
As a personal wealth manager for nearly twenty years who has helped everyone from Indie rock stars to CEO’s grow their assets, I live and breathe money. I also tend to think in strings of analogies, like a spiral staircase in a Dr. Seuss book that has no end. I know, for example, that money [...]
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