The population is predominantly made up of people with good ideas who will never develop them, with talents they will never nurture and realize, with…

desires that will forever be bitter frustrations, not because they lack or are barred from access to any component necessary for success but merely and simply because they will not do whatever is required for success. The uniqueness of humanity, the classic double-sided coin of blessing and curse, is, after all, free will. Dan S. […]

Interest Rates – Part 1

Interest is, first and foremost, simply the ratio of the value assigned to present goods over future goods. We can think of the interest rate as the discount rate at which the two values would be equal. Interest is therefore a ratio of prices, not a price in itself. Interest always involves an act of […]