“The biggest source of getting the country to a balanced budget is not by raising taxes or cutting spending. It’s by encouraging the growth of the economy.”
« “There are major trends that we should study — they are like shifting tectonic plates that can determine the future course of history. I believe we are staring one in the face: the slow but constant decline and fragmentation of Europe. Europe is entering a decisive decade, and it is unable to act. … ““One of the largest taxes is one that the government does not even refer to as a tax, inflation. When a government spends fiat currency it creates, the government is transferring part of the value of the money you already hold to itself.” …….. Colin M. McGroarty »
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Thank you for another thought-provoking read! I always appreciate the time, passion and knowledge that go into your newsletters. I particularly liked the reminder that building wealth is ultimately about creating the freedom to enjoy life and not just endlessly postponing it. I also liked your emphasis on diversification—not only in investing, but as a broad reminder that looking at the world from different angles often makes us better thinkers. Wishing you a wonderful summer!