Friday, December 25, 2009
Merry Christmas & The Level Playing Field
Here in the United States, today is a holiday, Christmas Day. Hopefully, for many, it is a time of family and friends, joy and warmth of the season. Enjoy the day, the weekend, the next week, if you don't have to go to work.
But for me, I will take the day off from writing about the Level Playing Field for only a short time. There is still work to be done. The process of educating the masses is never finished. While the lesson is not difficult to comprehend, repetition is the key. There is a balance I am trying to get across to those that read this blog.
The balance is: 1.) reduce inflation and make saving money in a savings account a viable alternative to investing in the capital markets; or, 2.) regulate the capital markets with enough regulations to make an investor's portfolio reasonably safe from fraud. In that, it is reasonable to expect that there will be those that will battle against both points #1 and #2, with huge piles of money, the masses will have to learn what they don't know to survive. This is the balance I put forth.
There will be no meaningful change to protect the financial welfare of the masses until the masses understand their choices. While the Level Playing Field may only be an abstract idea, for millions of families, their financial security is no abstract question.