This past weekend my wife and I attended a presentation of the musical South Pacific at the Temple Buehl Theater in Denver. The character Bloody Mary sings a song about Bali Ha’i early in the play and the words struck me as being apropos to the ongoing theme of this blog: helping Americans are find a better way to deal with their personal economies.
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There is much talk in Washington suggesting that the Federal Government should take over businesses and social programs based on the assumption that…
equality of results is essential to the success of everyday Americans
equality of opportunity - “the pursuit of happiness” - is inappropriate for the 21st century
An economics professor once faced a group of students [...]
There are few economists and economic writers that can clearly articulate complex economic concepts as well as L. Carlos Lara and the other members of the United Services & Trust Corporation. Here is an historical and factual discussion of…
Sound Money
In-Depth by: L. Carlos Lara | Friday, February 5, 2010
My thoughts on the subject of sound [...]
Joseph J. Ellis in His Excellency George Washington [Vintage books, NY] writes that the Father of our Country, unlike Thomas Jefferson and others from the elite class of the day, demonstrated “…concern for his own economic interest…” and adds paranthetically that “Perhaps this is the underlying reason Jefferson and so many other[s]…would die in debt, and Washington would die a very [...]
Planning vs. Management
The College for Financial Planning and the Certified Financial Planner Board of Standards, Inc. will likely object to the statement that their business is oxymoronic. They might be justified. Let me elaborate.
The Oxford Dictionary defines an oxymoron as “a figure of speech in which apparently contradictory terms appear in conjunction.” Claiming that financial [...]
Myth…No. 6 - My Financial Advisor Knows
This may be the biggest myth of all. Some of my best friends and clients are financial planners and advisors. They perform a valuable service, especially those who are specialized and focused on one particular aspect of the market and have an open mind toward the processes that [...]
Myth No. 2 - “My Home Will Keep Me Secure.”
Let me tell you a story.[1] Abigail had been in the military for 19 years when a stroke put her out of commission at the age of 52. She only qualified for a small military pension and a small monthly Social Security disability/retirement income.
“But,” she thought, [...]
Seven Myths and Seven Mysteries of Personal Finance and Personal Economics
For the past half century, the hubris-laden financial industry has led Americans to believe that the individuals and organizations on Wall Street - renamed Dull Street by the author - and their minions on Main Street know more than we do about our personal finances [...]
Setting the Stage…
The men that came together in Philadelphia to craft the Declaration of Independence in 1776 were, for the most part, ideologues. Thomas Jefferson, John Adams, Benjamin Franklin, Roger Sherman, and Robert R. Livingston were on the committee that drafted the Declaration of Independence.
Adams and Jefferson in particular were at different points on an [...]