Here’s some practical advice that we’ve gotten in the past. Want better gas mileage? “Make sure your tires are properly inflated.” This was President Barack Obama’s answer to higher gas prices. Want to save the planet? “Unplug your television when it’s not in use.” Former Vice President Al Gore made this suggestion, along with riding [...]
Now, when I think of inflation, I think of rubber balloons, and I’m going to ask you to do the same…The Balloon represents “Value.” The Air inside of it is Money. When we print more money, the value of money goes down, but the value of the balloon remains unchanged. It needs more money inside of it to remain the same. Take a breath and blow into the balloon. What happens? IT INFLATES.
Allow me to tell you a story. In my mid-20’s, my wife & I were very much like other people in the country. We worked hard, we paid our bills, and we struggled. And then, we got credit cards. We started living above our means. We’d go out to dinner, and we’d pay with a [...]
