2 Responses to “Economic Metaphors”

1. 1 1 Steve Reilly
   July 8, 2020 at 6:03 pm

   Funny to read that just after I read this article (and yeah, I know the difference between rarely and never): https://www.cnbc.com/2020/07/08/warren-buffett-giving-away-another-2point9-billion-bring-total-donations-since-2006-to-37-billion.html

   Warren Buffett just announced his annual charitable donations to the five philanthropies he’s chosen to give the vast bulk of his fortune to.

   This year, the “Oracle of Omaha” is distributing 15.9 million class B shares of Berkshire Hathaway valued at about $2.9 billion. That brings his total philanthropic donations to more than $37 billion since 2006.

2. 2 2 joe henry
   July 8, 2020 at 8:25 pm

   Or … “Nobody ever washed a rented car.”

   It begins to speak to the fact that if you don’t have “skin in the game” you don’t have the appreciation.

   It’s why one gets better interest rates when they put 20% down on a house.

   It’s why we had the crash in 2007/2008. “Everyone deserves a house.” Poor credit, no credit, no income. Doesn’t matter, you deserve a house.

   Why when suburbs simply provide “low income housing” that the problems of the city move to the suburbs.

   When you bus kids to the “good schools” they become “not so good schools”.

   Why “free college” yields low graduation rates.

   The list goes on.

   No good deed goes unpunished.