President’s Day

Money

Happy President’s Day. Is this a day you celebrate?

Some people seem to celebrate President’s Day by going out and trading presidential flash cards for merchandise at local sales outlets. And too many people believe spending is the primary indicator of a healthy economy. It isn’t.

A healthy economy should be marked by jobs and production. Spending in an economy without production will send money out of the country to whoever produced the goods. The jobs supported by it will be part time, near minimum wage jobs, without benefits.

Oh and by the way, despite my joke about presidential flash cards, not every bill of US currency has a President on it.  Can you name two men pictured on current US currency who were never president of the United States?

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