wealth
Wealth is Intangible
You are surrounded by your past. All the tangible items and assets represent the earlier achievements. The same applies to your monetary wealth as well—it is only storage of your previous efforts and endeavours. The past is not the future; you need to create something new in between. Basically everything goes through a cycle of [...]
Something for Nothing
Expecting to gain more than one is willing to put on the table is foolhardy. Forcing others to comply with it is stealing. The motives vary from jealousy, low self-esteem, laziness to greediness and everything between. In any case the idea is to get away with the scheme without being exposed. Current politics is based [...]
Money is not the wealth
Money is only a medium of exchange. It is not the wealth. It only presents the future wealth we believe it can provide us in form of goods and services from other people whom we hope to accept our money in an exchange for our desired goods and services. Wealth is created by people who [...]
The source of prosperity
The wealth of any nation is dependent upon its people’s capabilities and resources to invest into new production. Some 50 years ago Ludwig von Mises gave this speech that is maybe even more valid today (and not just to Americans): Capital Supply And American Prosperity.
Prosperity
Many of us are learning the lesson with money. Either we are tight to make the two ends meet or we have an uneasy relationship with prosperity. Wealth itself is a neutral issue. It is not either good or bad. We ourselves create the meaning and its role. Its scope can be very narrow and [...]
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