July 4th, 2009
When it was at the top of the heap, Bill & Dave’s Hewlett Packard management training included analyzing potentially risky decisions using a Probability/Severity index. If something was very likely to happen, but would have little impact on operations, the probability would be high, but severity low. Plan for it taking place, but don’t put too many resources into mitigation as there are few consequences to worry about.
While I and most schooled in Austrian Economics are certain the dollar collapse is imminent, you may think we are imbibing strange substances. Thus you give looming economic disaster a low probability. Fine, but consider the severity if we are right. This potential merits a good look even if you think we fear too far.
Read the rest of this entry »
Posted in economics | No Comments »
June 29th, 2009
Those of us viewing the world with knowledge of Austrian Economics are watching the inevitable result of allowing politicians to print money without limit. The dramatically more popular Keynesian theorists who dominate government economic posts spew lots of comforting words that continue to prove wrong. Yet those of us trying to get friends and family to prepare for economic collapse are greeted with patient, “They have a lot of smart guys who know what they are doing”.
I know the discussion is over and am saddened by the tragic three assumptions embedded in their sense of security: that the manipulators are honest, knowledgeable and that they have our best interests at heart.
Read the rest of this entry »
Posted in economics | No Comments »
June 10th, 2009
The Confederacy and Republic are long dead. Hooray for the victorious Union. Now mismanagement by private enterprise is being replaced with efficient government central planning. US automakers have now been purchased by the federal government. (We aren’t supposed to notice the printing presses in the background spewing out counterfeit dollars).
I am hugely comforted. While many will eagerly trade their old-school vehicles in, others will need help to make that decision. I might not be an early-adopter, but I am trying to prepare myself for THE CHANGE.
Read the rest of this entry »
Posted in economics, politics | No Comments »
May 15th, 2009
Today’s local paper tells of an Idaho bank robber receiving a 35-year prison sentence for thinking small. Well that, and going to the wrong schools. Had he gone to Ivy League schools and stolen a million dollars or more, he would be respected and allowed to keep every penny. Heck, he would even be paid ten times what he took in his bank robbery for every speaking engagement they can talk him into in the next few years.
Read the rest of this entry »
Posted in Uncategorized | No Comments »
May 5th, 2009
The Montana state legislature and governor have apparently read the US
Constitution - and are standing up for it. As of April 15th, any firearm manufactured in Montana is exempt from federal law as long as it remains in Montana.
Other states rights laws are being considered and passed. I’ll collect them and share with you soon. The story on this particular one can be read here.
Posted in firearms, law / legislation, politics | No Comments »
April 4th, 2009
Today I was remembering and reflecting on the following story. The “big rocks” in my life are under review at the moment.
Read the rest of this entry »
Posted in culture | No Comments »
March 20th, 2009
Every day our Goodwill store sends 500 - 1,000 pounds of donated clothing, toys and hardgoods to the landfill because we cannot be positive there is no lead in it. While some consider the product safety law to be a well-meaning effort gone bad, I am more cynical and suspicious of congressional motives.
Read the rest of this entry »
Posted in politics | No Comments »
March 13th, 2009
As much as anyone here, I wish the Keynesian mythology was valid. I wish doubling the money in circulation would solve the economic problem. I wish handing it to political friends would get us back to a vibrant economy. I wish fiat currencies did not crash 100 out of 100 times.
Read the rest of this entry »
Posted in Uncategorized, economics | No Comments »