Comments on: The Magic Formula http://dailyreckoning.com/the-magic-formula/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Joel Clarke Gibbons http://dailyreckoning.com/the-magic-formula/#comment-18893 Joel Clarke Gibbons Sun, 16 Aug 2009 01:22:18 +0000 http://dailyreckoning.com/?p=17795#comment-18893 There isn't any magic formula. There is a formula, which is for each and every one of us to be as productive as possible and to direct our efforts to their most valued ends as possible. That way, we will be as properous and economically secure as possible. The great illusion is thinking nationally. Forget the national economy. Concentrate on your economy. As for taxes, encourage your neighbors to be as productive as they can be, too, so they can help pay your taxes for you: so they can do their bit to pay for the public goods that you all decide you want. And above all, don't let anyone talk to your about "creating jobs." Create value. Don't be greedy or materialistic necessarily. Don't exploit your managerial position to cheat the investors out of their due, as so often happens. Just do something worthwhile, and hang the rest. There isn’t any magic formula. There is a formula, which is for each and every one of us to be as productive as possible and to direct our efforts to their most valued ends as possible. That way, we will be as properous and economically secure as possible.
The great illusion is thinking nationally. Forget the national economy. Concentrate on your economy. As for taxes, encourage your neighbors to be as productive as they can be, too, so they can help pay your taxes for you: so they can do their bit to pay for the public goods that you all decide you want.
And above all, don’t let anyone talk to your about “creating jobs.” Create value. Don’t be greedy or materialistic necessarily. Don’t exploit your managerial position to cheat the investors out of their due, as so often happens. Just do something worthwhile, and hang the rest.

]]> By: tony bonn http://dailyreckoning.com/the-magic-formula/#comment-18531 tony bonn Thu, 13 Aug 2009 19:47:02 +0000 http://dailyreckoning.com/?p=17795#comment-18531 we want more nathan!!!! this man is brilliant with ideas which a simpleton could understand..... fiat currency guarantees that there MUST be unstable money and a transfer of wealth of from the have-nots to the haves.... central banking is the finest instrument of tyranny and oppression the world has ever known....the plutocrats succeeded with paper where hitler and torquemada failed with iron and lead...without fiat currency the west could never have fought world war 1 the way it did.... a few studies of western roman collapse show that socialism combined with currency debasement finally destroyed the west....the regal bezant in the east sustained the empire and civilization for a millenium longer. the evil design of the totalitarian academics is to justify the case for the necessity of bigger government, higher taxes, and control to satisfy their sclerotic minds so contemptuous of freedom...for an insight into this mind set see norbert elias, power and civility, and court society (?) the plutocrats themselves have more sinister interests than sclerotic ideas yet the academics useful tools in their objectives... we want more nathan!!!! this man is brilliant with ideas which a simpleton could understand…..

fiat currency guarantees that there MUST be unstable money and a transfer of wealth of from the have-nots to the haves….

central banking is the finest instrument of tyranny and oppression the world has ever known….the plutocrats succeeded with paper where hitler and torquemada failed with iron and lead…without fiat currency the west could never have fought world war 1 the way it did….

a few studies of western roman collapse show that socialism combined with currency debasement finally destroyed the west….the regal bezant in the east sustained the empire and civilization for a millenium longer.

the evil design of the totalitarian academics is to justify the case for the necessity of bigger government, higher taxes, and control to satisfy their sclerotic minds so contemptuous of freedom…for an insight into this mind set see norbert elias, power and civility, and court society (?)

the plutocrats themselves have more sinister interests than sclerotic ideas yet the academics useful tools in their objectives…

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