Insurance and Capitalism, welcome bedfellows

Rick: Louis, I think this is the beginning of a beautiful friendship. . The last line of Casablanca. I think of this line every time I think about insurance companies and capitalism. What a pair! If ever there was an industry made for capitalism, it’s the insurance industry. . First, class, let’s start with our definition, our formula: . …….. insurance = legalized gambling . It’s very simple actually, in the case of life insurance, […]

Some thoughts on GDP (and how to lower taxes)

Some thoughts on the US GDP Gross Domestic Product (GDP) is a fascinating little number. As a basic measure of an economy’s performance, it measures the market value of all goods and services made in a nation in a year. Simplistically one way (there are 3) to measure GDP is to add together: consumer spending (or consumption), business spending (or investment), government spending and the net of imports and exports. Taken straight from Wikipedia, the […]