The faster your dollar gets to the government, the less the value of your labor. Government always operates in the red. Government only knows how to do one thing- make debt. Only the private sector makes equity. They use the money they receive to increase the total value of goods and services. Government redistributes the value to everyone, putting it into the hands of people who are not good at increasing it's value.
There was a parable told once of a master who gave to his servants, one five talents, one two and one only one talent. The first two servants returned to their master more than that which they were given, and the last, for fear he might lose it, buried it. Even he did better than government, because at least the master got back his initial investment. Notice in the parable this was a man and not a government.
I once tried to start a business. I learned very quickly that in order to be successful I would have to change completely. I lack the skills and the motivation necessary to succeed in business, and so I left it to other people with the drive and the tools necessary to pave the way on that frontier while I went elsewhere. I am not good at increasing value. I have my values, and perhaps I can help you make them yours, but the things I value are intangible- love, honor, faith- and as such, they cannot be bought with money.
One more thought so that it goes here. Unlike others, I oppose the purchase of gold as a hedge against the future. In the Journal of Discourses, Brigham Young said: "The time will come that gold will hold no comparison in value to a bushel of wheat." Gold only has value because people say it does. During the time of Adam Smith, the world was on the Silver Standard; i know...that was the most difficult section of his book to read. Gold is a poor measure of value. It's difficult to spend. It's actually only a liquid at 1064 degrees C, a temperature that's virtually impossible to reach on earth for the average person. A little less tongue in cheek, if left with a pile of gold after you sell everything you have, what would you do with it? You could not eat it, drink it, wear it, or carry it off where you could have something to eat. It is no better than a piece of iron, a piece of limestone, or a piece of sandstone where those are useful to you for something else, and it is not half so good as the soil from which we raise our wheat.
Focus on things that have real value- learn to do something to make yourself of value to your neighbors. In time of trouble, there is work to be done.
The author recommends Ludwig von Mises book :Human Action: for a discussion of value.
There was a parable told once of a master who gave to his servants, one five talents, one two and one only one talent. The first two servants returned to their master more than that which they were given, and the last, for fear he might lose it, buried it. Even he did better than government, because at least the master got back his initial investment. Notice in the parable this was a man and not a government.
I once tried to start a business. I learned very quickly that in order to be successful I would have to change completely. I lack the skills and the motivation necessary to succeed in business, and so I left it to other people with the drive and the tools necessary to pave the way on that frontier while I went elsewhere. I am not good at increasing value. I have my values, and perhaps I can help you make them yours, but the things I value are intangible- love, honor, faith- and as such, they cannot be bought with money.
One more thought so that it goes here. Unlike others, I oppose the purchase of gold as a hedge against the future. In the Journal of Discourses, Brigham Young said: "The time will come that gold will hold no comparison in value to a bushel of wheat." Gold only has value because people say it does. During the time of Adam Smith, the world was on the Silver Standard; i know...that was the most difficult section of his book to read. Gold is a poor measure of value. It's difficult to spend. It's actually only a liquid at 1064 degrees C, a temperature that's virtually impossible to reach on earth for the average person. A little less tongue in cheek, if left with a pile of gold after you sell everything you have, what would you do with it? You could not eat it, drink it, wear it, or carry it off where you could have something to eat. It is no better than a piece of iron, a piece of limestone, or a piece of sandstone where those are useful to you for something else, and it is not half so good as the soil from which we raise our wheat.
Focus on things that have real value- learn to do something to make yourself of value to your neighbors. In time of trouble, there is work to be done.
The author recommends Ludwig von Mises book :Human Action: for a discussion of value.
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