SIMPLE ECONOMIC TRUTHS ABOUT THE CASTLE FORTRESS

During my lifetime I’ve carefully observed many families.  Some of them succeed socially and financially.  Some of them are walking disasters in every category that you can imagine.  Below are my opinions of what is needed to raise a really outstanding family.

Regardless of the economic system, people who produce value will always have social, personal, and economic advantages over those who do not.  Meritocracy is a natural constant.  It has never changed in the history of world and is not about to change, no matter how many people protest or insist otherwise.

No government or individual on earth is a better steward of property or possessions than the person who owns them.  Regardless of their utopian ideals, every economic scheme to supplant individual ownership and incentives with state-run programs has fallen prey to unbridled corruption, economic decline and wide spread poverty.

The family is the castle fortress of income and wealth.  It is built and sustained by parents who insist on rigorous education and a demonstrable work ethic of each member, including consistent rules and moral behavior above reproach.  This results in family cohesion, longevity, morale and respect for the rights of all people.  Such family excellence always occurs when familial leaders insist on difficult and measurable outcomes for all family members.  Such familial consistency often cements economic and social prosperity over several generations.

The enemies of the family castle fortress include ignorance, intolerance, selfishness, slothfulness, drug addiction, entitlement, impatience, and short-term thinking.  Victimhood and name-blaming have no constructive place in a solid family structure.  When exhibited they must be removed at once or they become a cancer.

 

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VOICES FROM HISTORY

 

Rand

Rand

Lincoln


These are interesting times for those who have appreciation for the history and achievements made possible by our wonderful, but not perfect Republic.   It is my opinion that since our founding we have slowly but steadily traveled in the right direction with respect to human rights, reduction of racism and the economic prosperity the American people.

As an amateur student of history and a believer of the idea that those who do not learn the mistakes of history are likely to repeat them, I present to you the quotes of two great Americans.  The former is Abraham Lincoln, the 16th President of the United States.  The latter is a Russian-born author and philosopher Ayn Rand.  Consider these words of history.

Abraham Lincoln addressed the Young Men’s Lyceum of Springfield, Illinois on January 27, 1838.  The title of his speech was “The Perpetuation of Our Political Institutions”

“Shall we expect some transatlantic military giant to step the ocean and crush us at a blow? Never! All the armies of Europe, Asia, and Africa combined, with all the treasure of the earth (our own excepted) in their military chest, with a Bonaparte for a commander, could not by force take a drink from the Ohio or make a track on the Blue Ridge in a trial of a thousand years. At what point then is the approach of danger to be expected? I answer. If it ever reach us it must spring up amongst us; it cannot come from abroad. If destruction be our lot we must ourselves be its author and finisher. As a nation of freemen we must live through all time or die by suicide.”

In Ayn Rand’s Atlas Shrugged Francisco d Anconia says the following regarding how looters affect any society.

“When a society establishes criminals-by-right and looters-by-law, men who use force to seize the wealth of disarmed victims, then money becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket. And then that society vanishes, in a spread of ruins and slaughter.”

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The Virus Is Not Our Worst Problem

It is time for me to take a deep breath before I write this article.  I am frustrated and worried more about the condition of the United States of America than about the corona virus.  Let me enumerate my concerns this cloudy morning from beautiful Southeastern Minnesota.

First, politicians are absolutely drunk with power and will hold on to it at all cost.  The virus has given them a window to rule us in every aspect of our lives and they are enjoying the hell out of it.  Costs be damned, they are going rule us now and (intentionally or unintentionally) set up more government “benefits” to further cement our dependence on government.  I can drive my car to a 1,000-person capacity Wal-Mart and buy flowers but walking three blocks down Main street to Nola’s Flower Shop is out of the question.  Nola’s walk-in business is “not essential”, just like her income, mortgage payment, dignity, and self-respect.  This is a travesty because self-distancing is safer and easier in Nola’s store than in Wal Mart.  This is what happens when our government dictators pick winners and losers.  And for the record let me give you this news flash: politicians don’t give a damn about small business owners or ordinary workers.  They are getting regular pay checks and consider themselves part of an elite class of people who have extraordinary wisdom compared to the average Joe.

Second, politicians have irrationally distorted the concept of risk and the media has exacerbated these distortions.  Life is risky.  Risk cannot be avoided and nothing about life is safe.  In 1900 it was common for American women to bear five children and see just two or three of them reach adulthood.  Those women and their families experienced death and sorrow as realistic outcomes.  They simply accepted the fact that there are no guarantees in life, that horribly bad things can happen, and that no one must be at fault.  While advances in healthcare have thankfully reduced child mortality, risk still exists.  Our predecessors didn’t demand a zero-risk life because they realized the false pretense of such a notion.  We can learn from them.  Nevertheless, today’s politicians proport the idea that if it isn’t your fault the government should take care of you.  This is nonsense.  My question is this: “Is a country inhabited by people who believe the nanny state can solve all of their problems really worth saving?”

Third, fear is our worst enemy.  Today we are involved in a serious pandemic that will cost perhaps 100,000 American lives.  The vast majority of those who succumb will be older people with existing health problems.  The average American will have mild symptoms and will not need to be hospitalized.  Unfortunately, the fearmongering associated with this pandemic has exposed the soft underbelly of an American populace that is apparently willing to decimate the economic livelihoods of themselves and their families on the chance even one more of the remaining 350 million of us will die.  In my opinion this is preposterous.  My advice:  Shut off the television, don’t look at social media and say to yourself every morning:  “What am I realistically going to do today to further the health and happiness of me and my family?”  Then, go out and do it!

I have much more confidence in the good sense of individual Americans than I have in the elitists who represent us politically. Now, right now, it is time for the United States of America to roar, not to sulk.  Those who have extraordinary virus risk due to age or health conditions should do what they can to protect themselves.  The rest of us should exercise our intelligence and personal responsibility and move on safely without fear.  This is how we will re-gain our lives, our prosperity, and our country.

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About Baseball from An Old Man

Middle age sportscasters often refer to baseball as “an old man’s game.”  This is partly because today’s youngsters have less interest in baseball than they did decades ago, but it is also borne out if you scan people in the stands.  There is never a shortage of “older gentlemen” at Target Field, Wrigley Field, Yankee Stadium or any major league ball park.  They may be accompanied by their wives, children, or grandchildren but many of these old men sit with a male buddy about the same age.

Now officially at an age where I can rightfully be called an “old man” I’ve paid more attention to my compatriots when attending baseball games.  These are men completely at ease, relaxed, and thoroughly enjoying each other and the ball game.  They may disagree about whether a pitch was called correctly or have differing opinions about the designated hitter rule, but there isn’t any place on earth that they would rather be!

When I enter a ballpark I walk up the ramps and look forward to finally looking out at the green grass.  It seems like only God himself could have created such a beautiful tabernacle.  People of all ages are “wowed” by such a view, but old men know in their bones that there is absolutely nothing so fabulous as a ballpark.  I’ve seen perhaps 75 games at Wrigley Field,  25 games at Target Field, 10 games at Kauffman Stadium in Kansas City and one game each at Fenway park, Citi Field, Bush Stadium and Turner Field respectively.  In every instance I say to myself, “Here you are, Salyards, enjoying a Major League Baseball game.  Some people spend their entire lives being a fan of this team and never once get to go to a game.  Don’t take this experience for granted, Salyards.  You are truly blessed.”

This year there may be no baseball.  Like every old man, my greatest joy of the summer is listening to games on the radio or watching on television.  Each day I look forward to a new game.  I can stream every game of every team on my mobile phone.    But this may be the summer when baseball never was.  What a shame, and what a horrible penalty for old men.

If you’re an old man I have a wish for you:

“May you not be so lonely without baseball;
May next spring training bring about hope and renewal for you;
May you listen to the radio on hot summer days visualizing the ballpark and the fans;
May you call your best buddy and buy two tickets to your favorite game;
May you both fully grasp the gift you’ve been given just to be at this game;
and,

May you live to see many more seasons of America’s greatest pastime.”

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How Long Will Americans Shelter In Place?

Empty Mall on Sunday When North Dakota Blue Laws Were in Effect

In the early 1980’s I spent three months in Greenville, South Carolina working for the Greenville Chamber of Commerce.  In those days South Carolina had a law prohibiting the opening of retail stores on Sunday.  These laws were known as “Blue Laws” and are often applied to sale of liquor, but in those days shopping malls were virtually closed on Sundays.  With the exception of groceries and gasoline there was no legal retail commerce on Sunday.

The vast majority of South Carolinians believed that the Blue Laws were antiquated and needed to be abolished.  However, the religiously conservative legislature held on tight.  The Sunday after Thanksgiving (I believe this was November 27, 1983) one of the major department stores in Greenville opened all of its’ stores, openly defying the Blue Laws.  The word got out quickly and later that day other retail establishments opened.  By the following Sunday all retail stores were open for business.  It was like the Blue Laws never existed.

No one was arrested, no one went to prison and no fines were assessed.  Everyone knew the laws were ridiculous and the government was morally and physically powerless to enforce them.  The legislature of South Carolina abolished the retail sales Blue laws  shortly thereafter.

The lesson of the retail Blue Laws is simple:  Whenever a law unabashedly violates individual liberty; and whenever the vast majority of those being governed are harmed by the law; and whenever it is obvious that the government has neither the determination nor the resources to enforce the law; that law will be repealed or will be forever unenforced.

Today many Americans have patiently obeyed widespread “Stay at Home” Laws, and that has been a good thing.  However, as the term length of these orders is expanded again and again, the public is starting to have that creepy feeling that they are “being had.”  When enough is enough the public and merchants will take to the streets and the cops won’t have neither the will nor the resources to enforce stay at home laws.

If you can’t stop a man from shopping on Sundays in 1983, you sure as heck won’t stop him from making a living or enjoying a beer with his friends in 2020.  Keep your eyes peeled.  It is my gut hunch that in many states closures beyond May 1, 2020 will be met with effective protestation on the part of the public.  Some public health officials argue that we need more time, perhaps months, to better understand those costs and benefits.  That won’t happen.  Americans are duty-bound to exercise their liberty and if pushed much farther they will do so in short order.  The time for “stay at home” will soon expire.  Live free or die.

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Maddy the Nurse

 

 

 

 

 

 

 

 

During my 44 years at Winona State University I’ve had the blessing of knowing and teaching many thousands of students.  Most of my students are in the business school but I have known many who graduate in other disciplines.

In my opinion nursing is one of the best collegiate majors.  Nursing is a calling to serve those who are ill.  The skills of nurses are absolutely necessary in our society whether they are applied in an operating room, a hospital, or in an extended care facility.  Finally, compared to other majors nurses do well financially and enjoy both job security and mobility.  With financial discipline nurses have an income that allows them to quickly pay back their student loans and live a very comfortable life.  A nurse can find a job almost anywhere in the world.  A friend of mine was a nurse in Riyadh and decided to relocate to Albuquerque.  He sent an email to a hospital in Albuquerque and they hired him in just a few days.

Being a nurse is very hard work and includes plenty of risk.  When a nurse goes to work for an 8 or 12 hour shift there’s no goofing around.  Attention to detail is paramount and one mistake can cost a life.  With Covid 19 it is a foregone conclusion most nurses will test positive before this episode is over.  This is a WAR and its front line fighters are nurses.

In school some nurses take the ceremonial Nightingale Pledge.  The beginning of the pledge goes like this:  “I solemnly pledge myself before God and in the presence of this assembly to pass my life in purity and to practice my profession faithfully.  I will abstain from whatever is deleterious and mischievous and will not take or knowingly administer any harmful drug…..”

Three days ago I noticed a young lady walking through my back yard on her way to dump some recyclables in the bin.  She lives in the house next door which I rent to college students.  Her name is Madison, but I call her Maddy.  As I stuck my nose out of the door to say hello she informed me that she was moving out.  I asked about her plan and she said, “I graduated from the Winona State University nursing program last December.  I am headed to Rochester (MN) where I will start my full time job as a nurse at the Mayo Clinic!”

Despite the fact that she is entering a full-blown pandemic, this healthy young lady’s brisk walking style and big smile exuded her excitement to be a nurse.  I honor her choice of a profession and am in awe of her bravery.  In this time of doubts there is one thing of which I am absolutely sure.  Maddy will indeed be a great nurse!

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The question every society answers but no one wants to ask.

During a press conference a couple of days ago New York Governor Andrew Cuomo said that if all of the sweeping expensive measures spent on the corona virus saved even one life, it would be worth it.

That’s an expected comment from a politician, but it just doesn’t make a lick of sense and everyone knows it.  The fundamental question is: “What value does society put on a human life?”  The political answer is:  “A human life is priceless; no amount of money is worth a human life.”  No one believes that, not even Cuomo.

About 35,000 Americans die each year in car and truck accidents.  If politicians honestly believed every single human life is priceless, they would enact a 10 mph maximum speed limit.   Every person in a truck or automobile would be required to wear a seat belt and a government approved crash helmet at all times.  The government would also have to spend billions of taxpayer dollars for extra police to enforce this edict.

The public would never support this economy-choking restriction for obvious reasons.  The calculus is simple; it is better to lose 35,000 lives than to grind the economy to a halt.  It appears that human lives are far from priceless.  Besides, you and I are not going to be among the 35,000 people who die.  Right?

The value of human life also depends upon the wealth and attitudes in the country that a person lives.  I was once on a flight from London to Boston.  Over the Atlantic Ocean, two hours west of London, a man on my flight suffered a heart attack.  The plane dumped fuel and diverted to Prestwick, Scotland where paramedics rushed him to the hospital.  We later learned that he had thankfully survived.  I thought about the costs of the diversion to save his life.  Jet fuel dumped into the atmosphere, crew salaries, refueling in Scotland, and the value of the time of 400 passengers who lost perhaps six hours due to the delay.  None of the passengers grumbled about the delay.  The societal consensus was confirmed; this man’s life was worth at least one million dollars.  I’m not sure that a North Korean’s life is worth anywhere near than amount.

Today we are faced with the ultimate dilemma as we weigh the benefits of short run sheltering with the costs associated with locking down the economy.  Most agree that we should shelter now so that we don’t overwhelm our health care system, but we also know that we can’t shut down the economy for much longer.  For now there is a general consensus that the health benefits of sheltering exceed the costs of choking down the economy.  In my opinion, within the next two weeks the tables will tilt toward restarting the economy.  As everyone knows, but no one wants to admit, human life is not priceless.

 

 

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Ten Ways to Remain Positive During Virus Time


These days I’m at home most of the time, in concert with recommendations regarding social distancing.  This is a depressing period for many of us, which is to be expected in these times of uncertainty.  Yours truly suffers through this “downer” time and while I’m not an expert I’ve got some ideas that work for me to minimize feelings of depression.

  1.  Work from home.  If the boss lets you work from home remember that every second spent doing work tasks at home is one second you aren’t thinking about the Corona Virus.
  2. Watch television news sparingly.  Once a day glance at the latest virus news, but not for more than 15-20 minutes.  Then, let it go until the next day.  You don’t need hourly updates; once a day is enough to remain informed.
  3. Watch (and stream) television.  If you must watch TV watch HGTV, find a nice Netflix movie or stream that 13 part series that you never got around to watching.
  4. Stay away from Facebook, twitter, and other social media.  It is depressing and is full of non-factual, stupid comments from people who think they know something.  If this isn’t bad enough, social media is also full of conspiracy theories that will make you want to jump off of a cliff if you read enough of them.  The more of this social media you read every day the more depressed you will become.
  5. Go outside and take a long walk each day.  This gives you essential exercise and plenty of fresh air.  Listen to the birds chirping and the squirrels chattering; they’re not worried about the virus!
  6. Call an old friend that you haven’t seen for a couple of years.  Talk for an hour.  Both of you will be better off.
  7. Do home repairs and spring cleaning.  You’ve got to do these things sooner or later.  If you put them off you’ll have to spend time doing these tasks when everyone else is celebrating victory over the virus.  Do em now to avoid boredom.
  8. Read a Book.  Reading is a great way to pass the time and personal enlightenment is highly underrated.
  9. Sleep longer.  Every hour of sleep is one less hour of depression.  Besides, who can’t use an extra hour of sleep!
  10. Try to smile and not worry.  It never helps you or the other guy if you’re a grinch.  Even though sometimes it is hard to be positive, you know in your soul that there’s absolutely nothing good that comes from negativity!
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Welcome Back, My Friends

After four years of absence I’ve decided to jump back on the DonSalyards.com site.  My reasons for taking a hiatus were simple; once I got out of my weekly blogging routine it became easier and easier not to blog.  I enjoy blogging, but there were so many other things to do that I just let it go.  The Sino-Virus situation has drawn me back into the game.  I plan to blog once a week, but you might see me more often than that during this viral disruption.

I’m sitting in my office at good old 420 Main Street in Winona, Minnesota.  I’m still a Professor at Winona State University, although I am on a sabbatical leave this year.

What we are going through now is unprecedented and world-wide.  In the next few days I  will comment on aspects of this crisis such as bailouts, strategic trade policy, government failure, and long term economic changes resulting from this crisis, but today I want to address uncertainty.

If there is anything in this world that will distort and disrupt personal, community, or governmental behavior, it is uncertainty.  And wow do we have uncertainty, as billions of people don’t know when their jobs will resume, when schools will open again, or when they will be able to attend sporting events, concerts or other large venues.  Uncertainty leads to panic, fear, and often results in irrational behavior.

At this point of time all of us are living lives that are vastly different than anything we have ever experienced.  Know three things:  First, humans thrive on social interaction.  Under such circumstances it is rational and normal to feel despair and depression.   Second, this is a temporary event.  This too shall pass.  Third, when it is finally over and we can take to the streets to resume our normal lives, the pent up demand will explode to deliver a rapidly recovering economy.

Below is a photo of me in the La Boca neighborhood of Buenos Aires in October 2019.
Be of Good Cheer…the good times will come back!

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The Worst of the Looters

stolen tools cropWhen we think of types of crime robbery is usually not considered to be as serious as violent behavior. After all, life is more important than property. Property can be replaced so if no one gets hurt or killed we should be grateful and move on. But wait a minute. What is the true relationship between property and life? Furthermore, what is to be said about a person who steals a man’s tools?   This is a story about a category of robbery that I find most repugnant and disturbing; when someone steals a man’s tools.

I have a dear friend in Chicago. He came here 20 years ago from Mexico and yes, Mr. Trump, he is a legal resident of the United States. He supports his wife and five children making his living as an independent contractor. He plies the streets of Chicago driving an old white van full of the tools of his trade including pipe threaders, impact hammers and other expensive equipment that he has worked for years to acquire. I first got to know this honest and hard working man when I hired him to do some work for me. This has evolved into a ten-year friendship with he and his family. When speaking with each other privately I refer to him as “mi hermano” (my brother).gty_roofer_130328_wmainOn January 18, 2016 in the middle of a cold Chicago night someone stole my brother’s work van containing all of his tools. He has not been able to recover either. In my opinion to steal a man’s tools is the worst type of robbery imaginable. A man has a right to his life. As a natural consequence he has the right to defend and to sustain his life. He needs the tools of his trade to do this; the farmer needs his plow, the roofer needs his ladders and so on. Using his intellect, his tools, and years of experience a man earns what I suppose is the noblest economic honor that can be bestowed on any human being, the title of “producer”.

Those who steal are the antithesis of producers. They are known as “looters”.   Looters have no skills or experience to bring to the table and are not capable of producing anything.   They choose instead to take from the producer the very tools he needs to sustain himself and his family. Thanks to these looters mi hermano will have to work for several years to reach the level of prosperity that he had once achieved, but he has already begun. Within 3 days after the robbery he started working again with a borrowed truck and some small tools that were not stored in his van. Meanwhile, the morally bankrupt looters are probably sitting around complaining about the unfairness and injustices they have “suffered” in the journey of their pathetic lives.

This is a travesty. It is not for me to judge but my dark side hopes that there is a little corner in hell for anyone who steals a man’s tools.

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