• Concepts: We are betting on “Too Big to Fail” to save us 
  • Our borrowing is unsustainable 
  • Our spending is unsustainable 
  • Low interest rates are unsustainable 
  • The U.S. cannot keep our promises – unfunded entitlements
     
• Watch For: We are mortgaging the future
  • Spend now and pay later with no offer of HOW!

Key Principle #2 - Inflation is The Dirty Little Secret

• Concepts: Taxing, Spending or throw an inflation party 
  • Governments like inflation
     
• Watch For: The government printing and spending money with little concern 
  • Increased prices 
  • Prepare for your cash to go down in value

Key Principle #3 - Incentives Drive an Economy – Can't Mandate “Fair”

• Concepts: The impact of increased minimum wage on immigration – do the math 
  • Short term incentives change behavior – in the short term 
  • Markets create business – policies create blips – i.e. cash for clunkers  
  • Natural incentives are true predictors of the future
     
• Watch For: Measurements altered by short term incentives 
  • False markets created by short term incentives 
  • Policies that can't be sustained by natural markets

Key Principle #4 -You Now Have Permission To Think!!

• Watch For: If something doesn't make sense, it probably doesn't make Cents!

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