Recent Blog Posts
  • Local Investment Strategy #3: Become a Homeowner

    (This blog is part of a 12-part series on opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) The COVID economy is riddled with bad news, but there is one bright spot: Interest rates are at a historic low.  This week The Wall Street Journal had the following headline on the front page: “Mortgages Read more

  • The 10 Dumbest Phrases Used By Economic Developers

    ED.  Everyone’s got it, and no one wants to talk about it.  I’m referring, of course, to the wonderfully loopy world of economic development.  While no blue pill can cure it, you might be able to help. Below are ten common phrases used by economic developers that suggest they are on the wrong track. If you hear any of them, politely engage your ED friends and try to nudge them Read more

  • 7 Ways to Grow Your Economy Now

    A tidal wave of red ink, precipitated by COVID-19 shutdowns, is now drowning towns, cities, and counties across America. Massive cuts in services loom ahead, as do huge tax hikes.  Localities face unprecedented challenges in rebooting their economies. Where I live, in Montgomery County, Maryland, the County Executive recently empaneled about twenty businesspeople and economic-development experts, including yours truly, to devise a strategy for moving forward.  I’d like to share Read more

  • Three Free Events in the Next Two Weeks

    If you are going stir-crazy spending your summer indoors, I can help. Here are three events, dear friends, I hope you will consider attending. All local-economy related. All free. All filling up fast! First, I will participate with my dear friend Judy Wicks this Thursday, July 9, at 2 pm EDT in a conversation sponsored by the Schumacher Center for New Economics. Each year the Center asks three people from Read more

  • Local Investment Strategy #2: The People You Love

    (This blog is part two of a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) Last week I talked about how investing in yourself by paying off your credit cards was the single best local investment opportunity. It’s risk free, generates a 15-20% annual return, and ultimately saves you Read more