Tag: government spending

Applying Sutton’s Law


Sutton’s Law requires that simple plans be implemented before complex ones. The model form is, you rob banks because that is where the money is. The problem is that many stop there and do not pay attention to what happens next. Eventually banks grow… Continue Reading “Applying Sutton’s Law”

A Perfect Tax


I suppose that only some have heard of Morton’s Fork. Be aware, a version of it may appear soon. Archbishop of Canterbury and later Cardinal, John Morton was Chancellor of the Exchequer under King Henry VII. He developed a unique way to determine who… Continue Reading “A Perfect Tax”

Tax Rates Have Increased


You will recall, from 3 weeks ago, the fiscal cliff and the discussion of income tax rates increasing and those higher rates having an adverse affect on the economy. People are concerned that either the rich people need to pay more, or they need… Continue Reading “Tax Rates Have Increased”

The Mindless Pursuit Of Perfection


Perfection is a costly objective. Perhaps it is time to accept good enough. Suppose I suggested that you could solve 80% of any problem for a given amount of money. Call it $1,000,000. If you want to go farther, the cost to solve the… Continue Reading “The Mindless Pursuit Of Perfection”

What Fiscal Crisis Will Be Next?


The Americans have survived the fiscal cliff.  Sadly for them, cliffs usually are found on the side of mountains.  What does the fiscal mountain look like? There is a mountain of debt built on a foundation of undeliverable promises and reckless adventurism.  The mountain… Continue Reading “What Fiscal Crisis Will Be Next?”

Large Numbers Are Confusing


Million. Billion. Trillion. Similar right? Not so much! Numbers, especially large numbers, need context to make sense. If you count one number a second you will reach a million in 1,000,000 seconds. That is not surprising really. 11.6 days. A billion will take longer.… Continue Reading “Large Numbers Are Confusing”

Government Money


23% of the people think that the government has their own money. What have these people missed? There is no such thing as the government’s money. There is only the people’s money. Governments spend your money after they have taken it from you. You… Continue Reading “Government Money”

How Institutions Survive


Never give a problem to someone who will be harmed if they solve it. If you do this, the organization or department tasked with solving the problem, will make the problem bigger and harder to measure. That is how they can justify their continued… Continue Reading “How Institutions Survive”

Maybe The Mayans Are Right


There is not much time left to initiate the proper tactics. One of the people I went to university with is a big-time political operative.  He once told me that even when the government does things that look stupid, they know more than we… Continue Reading “Maybe The Mayans Are Right”

Hotrods, Lear Jets and Hospitals


What do drag race cars, Lear Jets, and hospitals, have in common? If you ask drag racers what is the most important thing, they will say, “Go fast in a straight line.” Every other choice for vehicle construction and operation becomes inferior to that.… Continue Reading “Hotrods, Lear Jets and Hospitals”

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