Interesting. One of our regular Saturday Coffee Club members that regularly dispenses economic advice has been bankrupt twice. It amazes me that anyone pays attention to him.
The problem with economics is that those who claim to be economists are the worst when it comes to economics
This particular individual was left a legacy of several thousand acres of prime cotton acreage in the Northeast Louisiana delta that his father built.
Instead of working it or renting it out, he proceeded to pi$$ it all away with various ventures and runs for political office. He hasn’t a clue on how wealth is created or what “work” is.
He’s been a disciple of Lyndon LaRouche for years.