So I'm looking forward to doing that in the next 12 months. Even if you're fiscally conservative and you're not a liberal person-- I have some friends who are.
It starts off with, like I said, the human intelligence on the ground that led to-- there's a movie called "Zero Dark Thirty" And he's fiscally conservative.
Especially early, we barely made payroll a lot, and it was really scary. But that forced us to create more fiscally responsible approaches to our budget and have a better control of our balance sheet. When we started, it was just the three of us.
might mean that um we would be creatively risk-taking but fiscally conservative. Um I'm sure everybody's heard the kind of classic old expression in business that you know you don't make a decision where you bet the ranch.
paying jobs in a in the future in the way that is a a green recovery geared toward Main Street and is fiscally sound where do we go from here cuz I know if I just told him what we wanted to do in the package he'd probably say I don't want to do that so we framed it in terms of uh how we will continue the
But I just didn't know that, then. So you have to be creatively responsible and fiscally responsible.
and how to grow a company. It's not based on any political views. My political views, and he knows it very well, I'm fiscally conservative. Why? Because of my background in business.
So, something that various people, including you, have talked about is the need to move towards a more incentive-based system, where you're making economic decisions based on My view is that to get to some sort of fiscally sustainable solution, we've got to have a budget that is affordable, that reduces debt, but which allows the country to be dynamic
when Ford, President Ford was in power. President Ford ran a very conservative, fiscally conservative administration. There was a very popular economist at that time, his name was Arthur Laffer, USC economist, very conservative in his views, who spent a lot of time in D.C. doing consulting for the Ford Administration.
Male Commentator: Thanks everybody for coming to part of the series on being fiscally fit. We're deeply honored and appreciative today to have Dr. Burton Malkiel join us from Princeton.
Wow. Involved with the book as well? The first is that unless it's at a level which is so high that it becomes fiscally irresponsible,
Only the portfolio company is on the hook for paying that debt back. So to go back to the example of Toys "R" Us, Toys "R" Us was historically a famously fiscally conservative company, right? They did not want to carry debt.
Similarly, when the level of unemployment increased in Nevada because construction workers were unemployed following the collapse of the real estate So this is, if you want, a parallel payment system, which is purely digital, and which gives more degrees of freedom to a fiscally stressed entity, whether this
And I think it's actually going to work. But it sounds to me you had to employ a lot of people from the get-go to sign onto this project before it could ever be fiscally feasible.