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 […]
Let’s discuss what you can do with money you have as a surplus after providing for your retirement and old age. There are lots of possibilities, and I have already mentioned a few, such as Andrew Carnegie who donated 6,000 pipe organs, built 1689 public libraries, Carnegie Hall in New York, and founded many institutions. […]
The noun ‘money,’ is perhaps one of if not the most important words in the English lexicon. We need money to buy things, make payments on loans, rent, credit cards, and even fines if we are caught disobeying the law, (of which there are far too many). We also use money as a store of […]
The dictionary definition of ‘money,’ has several definitions, but the first in my dictionary seems to describe it best: (a) “Standard pieces of gold, silver, copper, nickel, etc. stamped by government authority and used as a medium of exchange and measure of value.” (b) “Any paper note issued by a government or an authorized bank, […]
The following is a total word for word quote of Chapter 17, from “I Hold These Truths,” which I began writing in 1986, when I got my first computer. It was crude, but I discovered that I could write, which I had been doing for a long time anyway, but save it for future use […]
An ongoing question over the many years I have been doing this, often is, “Where do I store the stuff?” I tell then “store it where no one would think of looking.” Then they say that if they buried it, someone may come by with a metal detector and find it. OK then, ‘bury it […]
An ongoing comparison, which has been going on for many decades, is ‘what is the best way to run a car? Diesel or Gas?’ Many say that since all highway tractor-trailers use diesel, diesel must be best. Also, modern locomotives use diesel, so that’s another argument for diesel. Are these good arguments for automobiles? Yes […]
A few years ago, some entrepreneur had a bright idea. He must have thought to himself, ‘Boy, silver and gold are far too expensive, and people want something cheap. I’ll make a coin that is a bit cheaper than gold or silver. I think, since it is a bit cheaper, I’ll call it ‘Bitcoin.’ I […]