How Good is Good Enough, Part II

Categories: accountability, business, commitment, philosophy, solution

I'm not sure how many parts this will actually end up being.   It is a much bigger issue than I thought originally. What if we woke up tomorrow and walked into work and, suddenly, everyone in the organization was focused on thinking: "What can I do today which will make my company more margin, more profit, more efficient and more focused?"  Some of them would be focused on making your product or service better suited to your customers' needs.   Others would be focused ... Read More

WHERE IS INFLATION HIDING?

Categories: accountability, business, solution

I had a breakthrough; an epiphany of sorts this afternoon.   Sometimes, things roll along and they don't make sense, but I just figured something out.  How can the cartel we call the Federal Reserve continue expanding the money supply endlessly, including dumping over $1 trillion dollars into circulation in the last three months, and still claim low-single-digit inflation?   We economists know the truth, right?  With a limited amount of wealth creation, if money supply grows faster than real wealth, our dollars are ... Read More

How good is good enough? A multi-part entry.

Categories: accountability, business, communication, philosophy, process

Do you always purchase, or go for, the best thing you can afford, or do you prefer to purchase thrifty items?  If you purchase thrifty items, do you feel that you are getting sufficient value from them?  How do you judge? Not everyone can afford to always buy the "best" thing.  We can't all drive Ferrari's, Lamborghinis, or Cadillacs.  I realize that my question presupposes some bias in what is the "best", but the real question I'm asking is do you "compromise" on ... Read More