Articles

Why Savings Matter

In a recent post I made the assertion savings are important. I’d like to expand on that a bit. We all think we understand it, but I posit we don’t fully grasp it.

Why Recessions (And Depressions) Are Important

Forest fires suck. Once upon a time, we thought if we protected our forests from forest fires the forests, and we, would be better off. It took a long time, but eventually it became clear this was a bad policy. So we have, slowly, begun to realize it is better to focus on being able to recover from a fire, and able to minimize property and personal damage from fires than to take the naive and reckless position of preventing them in the first place.