Adam Smith on MONEY
Whoever derives his revenue from a fund, which is his own, must draw it either from his labor, from his stock, or from his land. The revenue derived from labor is…
ENTREPRENEURISM
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas,…
How’s That Savings Account Doing?
The Individual Sovereignty Solution The annual inflation rate for the United States is 2.1% for the 12 months ended November 2019, compared to 1.8% previously, according to U.S. Labor Department data published…
MONEY | MY BACKYARD | POLITICS
The Turkey Gold Rush
Why Turkey Jumped from 20th to #7 In terms of the data overall, among 163 countries Turkey was ranked seventh-best for expats, after Switzerland, Singapore, Canada, Spain, New Zealand, and…
The Dollar Milkshake Theory
No sooner had I submitted this analysis than President Erdoğan of Turkey made the following remarks in response to a currency crisis in his country: “Those who keep dollar or…
Be Your Own Central Banker Come to Turkey
Gold is big business in Turkey, for cultural reasons and also because of the country’s experience with bouts of high inflation over the past century. The metal is traditionally given…
Look, There’s a White Guy on the Roof!
On a new homes sales interview in Amarillo, my prospective employer was driving us through his subdivision, when I spotted this white guy working on the roof of a home…
Thinking Outside the Country
Thinking Outside the Country Whenever an American Expat or an expat from any country resides outside his home nation they instantly become street smart economists. I had never been west…
The Race to the Bottom of Maslow’s Pyramid
I know, you know, We all know that this is not going to end well. I want to know how to survive the Apocalypse without buying gold or Bitcoin, investing…