Pure Silver Coins - A Warning Sign from 1965
In 1965 I was 10 years old. I lived with my parents and 3 sisters in a small house in the suburbs of Detroit. My mother stayed at home and my father was a sales engineer for the Olin Corporation. The Olin Corporation was a leading manufacturer of brass, copper, aluminum sheet and strip. Olin had just given their employees a memento to celebrate a big contract win received from the U. S. Mint. More....
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Celebrate Bankruptcy
For the last 3,800 years frequent and unrestricted application of bankruptcy has been a proven method to renew and stimulate economic growth. Easy bankruptcy is one of the least appreciated, least acknowledged keys to the success of Western Civilization. Easy bankruptcy is the thumb in Adam Smith’s invisible hand. More....
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Large Number Fatigue
Large number fatigue is the condition when a number ceases to become a numerical count and instead become an item, a term of description. There are two interactions with debt which lead to large number fatigue; debt despair and debt casualness. Our political, government, and Federal Reserve leaders are revealing serious cases of large number fatigue. More...
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