Living in Los Angeles, I am inundated with stories in the papers about Frank McCourt, the owner of the Dodgers baseball team. His fate seems to also be aligned with the other news in the form of the nefarious Momar Gadhafi of Libya as they both try to cling to power with institutional forces trying [...]
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 [...]
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 [...]
FADE IN: INT. – HIGHRISE-BASEMENT OFFICE – DAWN BUGS BUNNY OF MONEY Here is a twisted syllogism: Money is social Reality is a social construction Therefore, money is reality. RATIONAL ECONO-SAPIEN Huh? Money is just a form of exchange. I know how much I have in my wallet and can read what it says on [...]
A gaggle of articles, blogs, books, and talk shows are honking statistics that show the widening disparity between the super rich and the rest of us. We hear about the increase in poverty, and about our collective lack of healthcare or, for those that do have care, our inability to afford it, among more gloomy [...]
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 [...]
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