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Wealth Virtues Journal: September 14, 2011

The Similarities of a Ponzi Scheme to Social Security


Filed under: American Wealth — Tags: , , , — James Ward @ 1:14 pm
© 2009 Poor Richard Web Press, LLC

Much ado has been made on Social Security being a Ponzi scheme. But what is a Ponzi scheme and what does it have in common with Social Security? More than you think, and a little worse!


Wealth Virtues Journal: August 27, 2011

FDR’s policies prolonged Depression by 7 years, UCLA economists calculate


Filed under: American Wealth — Tags: , , , , , , — James Ward @ 10:18 am
© 2009 Poor Richard Web Press, LLC

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.


Wealth Virtues Journal: August 2, 2011

Slowing Your Spending is Not the Same as Cutting Your Spending


Filed under: American Wealth — Tags: , , , , , , — James Ward @ 3:14 pm
© 2009 Poor Richard Web Press, LLC

Why, once again, running your business or personal finances like the government will make you ultimately dependent on a government that is slowly going broke.


Wealth Virtues Journal: July 24, 2011

The Basis of U.S. Wealth: Observations from the mid- 19th and 20th Centuries


Filed under: American Wealth — Tags: , , , , — James Ward @ 12:01 am
© 2009 Poor Richard Web Press, LLC

To start – the United States’ form of governance embodied in the U.S. Constitution is not perfect, but it is the best the world has ever or will ever see. That being said, the fact that socialist ideology has been seeping into our current government where the Founding Fathers practice and promotion of individual achievement and the benefit it provides to society is being replaced by the philosophy of “from each according to his ability, to each according to his need.”


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