As we have noted often in this blog, Americans, on the whole, are lousy savers. In an effort to correct this deficiency and extend the benefits of saving to all Americans, several versions of government-funded savings accounts have been suggested over the years. The rationale behind all of these schemes is to provide a stake [...]
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K.C. Knouse
While in college, during the early 1970′s, I took a Chinese philosophy class. One of the texts for that class was Lao-tzu’s Tao Te Ching, a spiritual book consisting of 81 verses that was written 2500 years ago. The Tao Te Ching did not make much of an impression on me in those days. The [...]
