Category «Finance & Money»

The Writing On The Wall

Be completely honest with yourself. If you heard the sentences below on the news or read them the newspaper, would you have any idea how the information contained in the sentences affected your life? “Traders saw the bid, recognized that the government was intervening to support the market, and the bid was front-run with the …

A Shot Across the Bow?

Was yesterday’s Dow Industrial Average plunge a shot across the bow? An early warning of the beginning of the end? Or was it just a random hiccup? Yesterday, February 5, America’s biggest industrial stock market index took an icy plunge, falling by 1,200 points, or 2.18 percent, to 23,923.88. That followed the previous business day’s …

Insurance – Part 2

In Part One of this article we explained, very basically, what insurance is. Insurance, in the most fundamental explanation possible, is paying someone else to assume your financial risk. For example, if you own and drive a car, you have a risk of being in an accident. The details of the accident are immaterial to …

Insurance – Part 1

I’ve been thinking about insurance lately. Maybe this is because of my naturally intelligent, inquiring mind. Or maybe because a tree limb fell on my car and I had to make an insurance claim. Take your pick. I’m going with the first. Voltaire said, “If you want to converse with me, first define your terms.” …

Rich Get Richer, Poor Get Poorer

The rich get richer and the poor get poorer. Yeah, yeah, we’ve heard it all before. But you know what? You’re right. The rich live by another set of rules, they play a different game, and you and I aren’t invited. We’re not even allowed to sit on the bench. I know a guy who …

The Love of Money

For the love of money is a root of all kinds of evil. Some people, in their eagerness to get rich, have wandered away from the faith and caused themselves a lot of pain. (1 Timothy 6:10) There is nothing immoral, sinful, or in any way wrong with making money, even A LOT of money. …

No one has a right to health care

No one has a right to health care. Before you paint me with the broad brush of Scrooge or Marie Antoinette, let’s talk about what constitutes a “right.” I agree with the eighteenth-century philosophers Locke, Hobbs, and others that we all have basic human rights purely and only because we are human. Among these are …

$9 for a half sandwich and a cup of soup!?

A half sandwich and a small cup of chowder: NINE freakin dollars! Who can afford this? Progressives (liberals, socialists, whatever) are trying to pass national legislation that would require a $15 per hour minimum wage. And that would do exactly what? The average price for a one-bedroom home in Seattle is $515,000. A two-bedroom is …

Universal Basic Income? Hmmm…

This thing called the Universal Basic Income (UBI) has attracted my attention recently, so I thought I’d write down a few thoughts—not as a scholarly article, but just as a way to point out a few facets on the subject I believe are good starting points for an argument against the idea. (There. I laid …