Many of us have heard of a teaching method described as “Watch one, do one, teach one”. My understand of this method would be to watch a procedure, later perform the procedure, and then finally teach the procedure to somebody else. I will introduce you to a similar idea.

If you are like me you have read books, watched movies, or listened to speakers that have changed your life for the better. Great wisdom can be found in many places. Have you ever read a book or watched a movie purely for entertainment, only to find a really great idea, question, or new perspective?

Here is what I suggest can change the world for the better. Next time that you read a book, watch a movie, or listen to a speaker consider the following method.

1. Grok1 It!
Become fully and intensely immersed in the book, movie or lecture. Find the questions, new perspectives and other gems. If you read Lord of the Rings by J.R.R. Tolkien, for example, you might wonder if you agree that the best solution to the ridding the world of evil was to destroy the master ring. You might wonder what type of character Gandalf really was. Why did he visit the Hobbits? Can power be evil? Is there a ring you can destroy to improve the world?
2. Live It!
Put something positive that you have learned into practice in your life. An example might be how to prioritize some aspect of your life based on wisdom found in something like Stephen R. Covey’s The Seven Habits of Highly Effective People.
3. Share It!
Make an effort to share your experience with others. Talk with people about it. Loan them the book, movie etc. Explain what you found valuable. Learn from their experience too. I hope to share some of my favorites here in future articles, as well as share in other ways. I hope you will do the same.

There are many good books movies and other media to be discovered, and new ones created every day. It can be tricky to keep track of them all. There is a free tool that I will talk about in a future article that I use to help organize them. The important thing though is not in how you organize your media, but what you do with it.

Think of the positive difference we could make by following the three steps described above.

  1. If you have not heard this one it is basically consume, coined by Author Robert A. Heinlein. In this case you can think of it as being fully and intensely immersed in the book, movie or lecture. Please read the wikipedia page for Grok for a more thorough explanation. 

Lately there seems to be some dispute as to what defines inflation. I define inflation the traditional way, that it is an undue expansion of the currency or money supply of a Nation. There are those who are far better equipped to expand on this. I recommend starting with What You Should Know About Inflation by Henry Hazlitt (free/pdf)1, or from Amazon What You Should Know About Inflation (1960)Using this affiliate link will help support our efforts to serve you..

This is not professional investment advice.2

While inflation may simply be an inevitable product of our current financial system, understanding the changes in the rate of inflation and how trends affect our lives are important to be able to make good financial decisions.

Information about the direct expansion of the money supply is more difficult to obtain than information about the price increase on selected items. The Federal Reserve no longer publishes all of the money supply numbers, the reasons being outside the scope of this article. What is published can be found here. The United States Government provides financial reports including those that describe the change in consumer and producer prices. The question is how meaningful and reliable are those reports, and other reports provided by the U.S. Government?

Numbers in isolation are of little value, but when compared against the results of many prior years, trends can emerge. Lets look at how this might work for weather. Knowing that it is cold today is fine. Knowing that it is cold today and has been continuing to cool for an entire month is more useful. The value of such information is useful when the numbers are computed the same way over time.

If meteorologists measured temperature in one scale, say Fahrenheit for one hundred years, then switched scales to Kelvin, you could expect some confusion when comparing the recorded values from the Fahrenheit scale to the values recorded from the Kelvin scale. I can just imagine how people might react if they were not well informed of the change or were unable to evaluate the numbers recorded in the new scale with the numbers recorded using the scale familiar to them.

Scale conversation

Seventy degrees Fahrenheit is a pleasant temperature, whereas at 273 degrees Kelvin would feel rather cold. Water is frozen at 273K. To provide context for the 273K number one would need to know that 237 degrees on the Kelvin scale is roughly 32 degrees on the Fahrenheit scale. Both the Kelvin and Fahrenheit scales are useful for measuring temperature, but to establish trends one must be consistent so the computed values can be properly compared.

The specific ways that the computation of inflation has changed, is beyond the scope of this article but U.S. Bureau of Labor Statistics is a good starting place if you want to fully understand the changes. Why do you think that the method of finding the increase in consumer prices was changed? Do you think there are organizations that would substantially benefit from maintaining an appearance of a lower increase in the rate of inflation?

I am reminded of a quote from Mark Twain.
“There are three kinds of lies: lies, damned lies and statistics.”

If you have not seen this video or would simply like a refresher on growth rates, Professor Albert Bartlett does a great job.

Here is the good news, the folks at Shadow Government Statistics have taken the time to assemble some really useful charts that can help make sense of the Government reports. These charts even take into account changes in the computation methods.

Here is an example:

Annual Consumer Inflation - Official vs. SGS 1980 based alternative

Are you being lied to about inflation? That is for you to decide. What can you do about it? Well to start with you can get another way of looking at the data, such as can be found at Shadow Government Statistics . They have other useful charts too.

Alternate data at Shadow Government Statistics


You can also find out more about inflation in general. The Mises Institute has some very good resources.

  1. has a number of really good books that can be obtained freely in pdf form. 
  2. Please read the site terms. 

Growing one’s liberty and freedom is an organic process; a rewarding journey of hard work. I believe that all forms of growth require energy.

I would like to share something that brings me joy and positive energy.

The Mountain from TSO Photography on Vimeo.

TSO Photography

I hope the TSO Photography videos do the same for you. What brings you joy? Please share.


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