‘Something’s got to give,’ is an old expression.  It’s really very simple:  Let’s suppose a government takes in $100 billion, and spends $150 billion.  Or to make it easier to understand, suppose a worker makes $20,000 a year, and spends $25,000.  The worker has a $5,000 deficit and the government has a $50 billion deficit.  […]

Something that is ‘fungible,’ is moveable, accessible, able to be held, physically stored and transferred to another place.  Fungibles have physical value, such as a barrel of oil, a ton of wheat, or an ounce of gold.  Fungible things are created by capital and labor investment, and as the old saying goes, everything to eat […]

I’m certain you remember one of the President’s campaign promises, which was to lower corporate and individual taxes.  Good Luck Mr. President!  What seems to be happening, according to a current Journal column, is that Trump is a President without a party.  RINOS (Republicans in name only) all promised to back Trump, and far too […]

I know, I promised not to write any more political columns, but this is about economics…sort of anyway.  I am writing about a foundation.  A foundation which has been established to benefit charity, as all foundations are supposed to do and operate.  A foundation usually has a tax exempt number, which will allow the contributors […]