How can the poor be helped is the most insistent question that the bleeding-hearted ask but only the hard-headed can answer. The fact that one has to understand is that the state of being poor is the background, default, standard state of every one of us.
No one is born wealthy. Everyone is born naked, helpless and poor. Sure, some are born to sweet delight but most us reading this were not born to an endless night.[1] We were born to parents who were not poor, and could afford to give more us than what was needed for basic survival. And that makes all the difference. Non-poor parents are able to provide “credit” to their children. That credit helped us, their children, to become capable of producing wealth. We, in turn, can then provide credit to our own children — and the cycle continues. Continue reading “Dhan Vapasi — Credit Constraint”
In the previous 

This day is one of the most important days of my life. But not because it’s National Relaxation Day in the US. Everyday is a relaxation day for me, anyway.
In a previous post, I laid out a method for
Creativity, innovativeness, inventiveness — all fine and necessary characteristics of any prosperous and flourishing people. The US has heaps of that good stuff, evidently. But then those same characteristics are also necessary for being a good con artist. The US has also has had loads of them.

About quotations, the German-born American actress Marlene Dietrich said, “I love them, because it is a joy to find thoughts one might have, beautifully expressed with much authority by someone recognizedly wiser than oneself.”