April 2010

Wealth vs. Income

April 29, 2010

It is very possible in the United States to have an extremely high income and be essentially bankrupt or at best, insolvent. This is easily achieved in two ways. First, if you hold zero land, labor, or capital while continuing to consume disproportionate to your own utility. Second, if you hold huge liabilities in excess [...]

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My Farming Life

April 28, 2010

[Today's guest post is by long time subscriber and frequent confidant, Robert Jackson. --Tommy] I actually lived in a world made by hand (see attachment photo of farm). When I was a rather young boy, we had a small farm and no wealth. The nearest town was so small we had only four digits in [...]

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Could Use Your Help

April 27, 2010

I’m trying to change the world, and could use a little help. I’m ass deep in a project right now that is a bit ambitious and over my head involving urban agriculture in New York City. I am on a team that is writing a comprehensive proposal to birth such a thing, and we are [...]

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Futures, Forwards, Options, Swaps

April 26, 2010

I’ve been hearing the term “derivatives” get thrown around an awful lot these days. Indeed, even President Obama is threatening to veto any financial regulation legislation if derivatives are not properly, vaguely “brought under control.” I do not believe the vast majority of financial consumers has the foggiest idea what derivatives are or what they [...]

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A Tolerance for Failure

April 25, 2010

I’ve known a few hardcore, bounce-back bad asses in my lifetime. These people have the type of persona that can’t quit and seem more afraid to not be severely challenged than to be defeated. The superhumans will keep pushing and pushing and pushing with absolutely nothing. I’ve tried to be one of these people, but [...]