Jim’s Quote of the Day:

“I began to suspect that Daddy had been right all along: the only hope I had of changing the world was to change myself first.  I thought of the many times that he and I had delivered fresh-picked farm produce to one of our elderly relatives. On such occasions he never failed to remind me that if we hadn’t worked so hard to grow it, we wouldn’t be able to give it to those who needed help. For the past few years, I’d been sneering at the simplemindedness of his philosophy of self-reliance, but now it was making sense to …










Jim’s Quote of the Day:

“It could unfold very, very quickly. Because deflation is a swing of poverty feedback, it can take awhile to build up. If you try to explain to people what’s coming, because it doesn’t happen instantly, they tend to go back to sleep. The thing they need to understand, however, is that when it does hit a tipping point, a kind of critical mass, then it can unfold exceptionally quickly. Then it’s very much like having the rug pulled out from under your feet. So I tell people all the time, prepare now because it’s better to be two years too …






















Jim’s Quote of the Day:

“We hold from God the gift which includes all others. This gift is life — physical, intellectual, and moral life. But life cannot maintain itself alone. The Creator of life has entrusted us with the responsibility of preserving, developing, and perfecting it. In order that we may accomplish this, He has provided us with a collection of marvelous faculties. And He has put us in the midst of a variety of natural resources. By the application of our faculties to these natural resources we can convert them into products, and use them. This process is necessary in order that life …







Jim’s Quote of the Day:

“The Great Depression was caused by Federal Reserve expansion of the money supply in the 1920s that led to an unsustainable credit-driven boom. When the Federal Reserve belatedly tightened in 1928, it was too late to avoid financial collapse. According to Murray Rothbard, in his book America’s Great Depression, the artificial interference in the economy was a disaster prior to the depression, and government efforts to prop up the economy after the crash of 1929 only made things worse. Government intervention delayed the market’s adjustment and made the road to complete recovery more difficult. The parallels with today are uncanny.” …