Thursday, May 24, 2012

 
 
 
 
 
How the United States could "become rich" again
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Friday, January 27, 2012
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From OilPrice.com:

It's a strategy that works for individuals, and can work for the entire nation as well.

If you can figure out a way to find resources whose value in their current use is not very great -- in other words, if you buy low -- and redeploy them somewhere else where their value is much greater -- in other words, sell high -- then you will not only add to your personal wealth, you will be creating new wealth for society as a whole.

The process of allocating resources to their most efficient use is the heart of what drives economic growth. The fact that individuals have a strong personal incentive always to be looking for better ways to do that is the primary factor responsible for the standard of living that we enjoy today.

Let me give a concrete example of what I'm talking about. On Friday, you could buy...

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Topics: End_of_America | Investing | Energy
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