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Economist Milton Friedman once said that there is no such thing as a free lunch and for many years this idea made perfect sense.  But not anymore.  These days people have a different way of thinking.  They want money for nothing, believe they are entitled to this, and expect the government to ante up.  This idea is called basic income and it’s catching on in the U.S. and many other countries.

Joe has no food in his home and has no money to shop at the supermarket. Only one thing is keeping him and his family from starving: foods banks, the charitable organizations that distribute food to the needy.  Asking for a handout leaves a very bad taste in anyone’s mouth.  Unfortunately, Joe and the many millions of Americans and their families in the same predicament are left with no choice.

They say that money goes to money - and if you don’t believe this maxim, take a look at the statistics compiled by the Fed for the first half of 2020. They show that the 50 richest Americans have almost as much money as the 165 million poorest. 

Lots of speculators made big bucks earlier this year in gold, silver, and day trading.  Others did even better in a very different venue: buying and selling sports cards.

With so much attention still focused on the pandemic and its consequences, it’s easy to forget that many millions of people are suffering from a different problem: depression. This often takes a huge toll on a person’s well-being, and that’s especially unfortunate because even severe cases can be treated.

For millennia, anyone who had a shovel, a pick, and a dream could become a miner.  New technology will change this.  Not only will it make shovels and picks obsolete but miners too.  The reason: Mining will be done in space.