CORPORATE UNIVERSITIES 

Public education in America, to include our universities, is a disaster. This declaration usually fires up a broad swath of our education defenders, and what is their constant reply? We need more money! Are they aware that taxpayers spend over $1 trillion per year on public education in the United States? (JAM Views Post Reminder: The Government has no money. Everything is paid for by you and your neighbors.) 
We have previously discussed our lousy global rankings in math and other STEM curricula, but the true failure is our own internal lost opportunity cost. Could U.S. GDP growth be 8% instead of 2% or 4% if we finally, radically changed our education output? Could corporate productivity rates radically increase? Could median wages and incomes dramatically rise? The answer to these economic questions is, "Of course." Why do we continue to follow a 125-year-old education model when we demand a new iPhone every other year? The answer to this one is, "Unions, political votes, and entrenched interests." The worst part of the entire self-propagating system is the underutilization of an army of motivated, brilliant, altruistic teachers and professors who truly want to make the world a better place. 
Recently, Ted Dintersmith, a professor and venture capital legend, spoke with 250 college admissions directors about system-wide change, and then he sat down with Rich Karlgaard, Forbes' Editor-at-Large. One of Ted's illuminating ideas is to promote Corporate Universities. He states, "If I were Xerox, I'd set up a Xerox Academy and go get the really talented, motivated kids out of poorer high schools, kids who are going to struggle otherwise. I'd make it selective and say, 'You're now a Xerox Scholar.' Four years of coresidential, lots of intensive internships at Xerox, plus supplemental things like sports and theater. Structure it like ROTC: Do this for four years and get your Xerox degree. You'll need to stay with Xerox for four years. Xerox would get an amazing injection of next-generation leadership - that scrappy kid from Fort Wayne who just will knock down walls to make something happen, whose family can't afford most colleges. If I found the right entrepreneur who was doing this, I would write a big check for it." 

This is not only an incredible idea for an entrepreneur, but I would posit that Education Secretary Betsy DeVoss consider this idea for a nationwide new collegiate infrastructure. Full disclosure; As a U.S. Air Force Academy graduate and William & Mary MBA all 100% funded by the U.S. Air Force, I am likely biased, but I believe the benefits of this system are worth serious consideration. The military academies attract the nations' top all-around students by offering the most difficult and challenging four-year experience available. The academies trade this top education for a five-year service commitment and even up to ten or twelve year commitments for specializations, such as pilot training. The nation's top students compete in one of the most competitive admissions process to receive a Congressional Appointment, all the while knowing it will likely be the most difficult years of their lives. Even after this massive filter process, the four-year rigor produces nearly another 30% attrition rate before graduation. These students compete for the opportunity because it is hard, not because it is easy (as JFK said of our moon shot). 

Ted Dintersmith asserts, "We don't need to do obsolete things better; we need to do better things." How about McDonalds U, Apple Tech, P&G State, and THE IBM?! Think of the football teams these companies could field! To appease our non-capitalists, I want to stress that I have met multiple colonels and generals who were extremely enlightened in literature, history, and philosophy (See Patton). Great leaders understand the moral, ethical, and decision-making impacts of a well-rounded education in the humanities. Liberal arts would thrive right along with a boom in STEM. Diversity would be a non-issue because selection is based on merit instead of economics and legacies. Certainly the Martinovich family never had the means for an Ivy League tuition, and without the exchange of these degrees for a service commitment, the opportunity for this education would have never been possible. 
Bryan Caplan, recent author of "The Case Against Education: Why the Education System is a Waste of Time and Money," argues that today only 20% of the value of a degree is in building human capital. He claims 80% is just signaling to employers that this graduate was "willing to slog through four years of arduous and often boring classes and knows how to fit in." Why are we wasting $1 trillion on this? Harvard Business School recently found that 67% of production-supervisors job postings asked for a college degree, even though only 16% of employed production supervisors had one. The degree is similar to the U.S. dollar. The paper it is printed on is worthless, but it signals a value to be used in exchange, even though we are not exactly sure why. The degree process is now mostly just credentialism. 
Corporate Academies would focus on results, outcomes, and competition. The best of the best. Top Gun. Taxpayers would save a fortune. Rising tides would raise all boats. Equality of opportunities would skyrocket. Free and open debate would thrive. Inventors and entrepreneurs would flourish as the masses gained access to technology and funding for great ideas. Corporate America would be jumpstarted by an influx of students aligned with their national and global mission statements. Just as cadets and midshipmen spend their summers with the active duty forces, corporate academy cadets would fill research labs and corporate incubators and accelerators. A broad spectrum of programs in vocational, robotics, factory production, management, and think tanks would be available to supply the trained workforce necessary for the next century. Education, desires, and skill sets would be more aligned, more congruent. The efficiency and effectiveness of education would go through the roof if we took the responsibility out of the hands of the government. The current first two years of new employee training could be erased. The Millenials' twenty-two job changes before they "find themselves" would be greatly reduced. The list of benefits goes on forever. How can we promote this sea change in public policy? 
But, yes, if you believe in eliminating micro aggressions, stopping free speech, eliminating fraternities and sororities, and creating safe places, this competitive university experience is probably not for you. And that's okay. That's what is great about living in America. Just make sure that you save up enough money to pay for your college, because Mrs. Johnson in Apartment 3E next door is tired of writing that $1 trillion check for these results. I don't think she's going to do it much longer. 

"A lazy donkey placed equidistant from two bundles of hay cannot decide which one is closer, so he dies of hunger." 
- Amos Tversky 

** For more information on Jeff's Books, Blog, and Legal Challenge, please visit www.jeffmartinovich.com. 
** To access JAM Views directly, please visit jeffreyamartinovich@blogspot.com.

MONEY GOES WHERE IT'S TREATED BEST

     Money is difficult to control. It is one of the purest factors in our human existence. The more you attempt to force it or control it, the more it rebels against you, normally in equal and opposite reactions. The more governments and self-appointed intellectuals attempt to control money, new technology and the parity enabled by capitalism now enable capital to quickly flow to where it's treated best.
     Historically, this rule has applied to the flow of investments between stocks and bonds. Amateur investors and journalists have always made absolute assumptions about how over-valued, or under-valued, stock prices were compared to historical valuations, e.g. Price-to-Earnings multiples (P/E). Yet, the P/E multiple is only appropriate as a relative indicator to current interest rates (Bonds). If bond rates are low, as still now, then professional investors will "pay up" for stock dividends and take on more risk for growth (a rising stock price causes the dividend rate to shrink closer to the lower interest rates on safer bonds). But as interest rates rise, as they eventually will, stocks' relative valuation will decrease because investors can then earn higher risk-free interest.              Therefore, the only valuation ratios which really matter are the ones in relation to the alternatives. Today people and capital have options, and when oppressive governments and oligopolies attempt to manipulate the economics, capital will seek freer and better treatment.
     The Securities and Exchange Commission (SEC) cannot seem to understand why no one wants to run a public company anymore. The number of public companies in the U.S. has fallen from 8,000 in 1997 to fewer than 4,000 today, a 50% drop in the last two decades! I bet you had no idea. In 2016, private companies raised nearly 5x the equity capital as in Initial Public Offerings (IPO's) for public companies. Oppressive regulations, bureaucracy, and never-ending lawsuits for public companies repel capital (money).             Our initial study for taking our small investment company public a few years ago estimated an annual expense increase of nearly $4 million per year in compliance, personnel, reporting, and legal line items. Interestingly, while public companies have been cut in half, the word count in SEC public filings have doubled over these two decades. All we are doing is paying more attorneys to file more paperwork instead of creating jobs for American citizens.  Today, staying private makes much more sense.
     TNB Bank recently created a novel business model and received approval from Connecticut bank regulators. But, they cannot seem to get the Federal Reserve Bank (the Fed) to open their master account in order to begin depositing their customers' balances at the current Fed deposit rate of 1.95%. Why? TNB plans to pay its customers the majority of this 1.95%, while Bank America, Citi, and JP Morgan are only paying their savings account customers 0.1% (95% less). The banks are making billions on the difference between what the Fed pays them and what they pay us. Remember, the Fed, the SEC, and all of the "banks too big to fail" swap employees and directors every year to ensure that everyone stays on the same page. But, don't worry, the money will find a way.
     California's State Legislature recently passed a law, now sitting on Governor Jerry Brown's desk for his signature, requiring California companies to appoint one woman to its board of directors, requiring a five-member board to have two women, and mandating that a six-member board must include three women. Extra compliance reporting has been added with a $100,000 fine for failing to file, plus another $100,000 fine for failure to meet the quota, and another $300,000 fine for any subsequent violations. The great part of living in America is that at this very moment one of our JAM Views post readers is saying, "It's about time!" and another post reader is yelling, "Has everyone lost their minds?!" For the tricky companies listing their state of incorporation as Delaware, the legislators thought ahead and identified any company with "principal executive offices" in California. But, to make it easier to comply, they defined a female as "an individual who self-identifies her gender as a woman, without regard to the individual's designated sex at birth." I swear I do not make this stuff up! Nevada and Arizona Chamber of Commerces have canceled all employee vacations until further notice, because they are about to be very busy! Follow the money.
     Finally this week, let's not forget about Bitcoin. I am not smart enough to know if it's a good investment now, or if it will even be around in five years, but I do know that Bitcoin is the pure manifestation of money seeking freedom, going where it's treated best. Bitcoin is a currency which is not controlled by any government or single entity, and the blockchain platform further decentralizes accountability, or lack thereof. This is terrifying to governments and the elites, as everything is about the money. Let's reiterate this: Everything is about the money. Generations ago, Rothschild summed it up by instructing his sons that he did not care which governments controlled which countries. He only wanted to ensure they controlled the money. Whether Bitcoin is the big success, or one of the other cryptocurrencies, or possibly a confluence of all of them or something else entirely, all money will eventually be democratized. It is a universe inevitability, as money goes where it is treated best. Bitcoin is likely just the first "one small step for mankind."
     A nation's currency rises because investors want to take advantage of higher interest rates and better investments (better treatment) in that nation, and investors believe that the risk-reward tradeoff for holding that currency makes sense. Conversely, Venezuela, Argentina, Turkey, and Iran can offer uber-high interest rates but the investors don't know if the government will seize their investments tomorrow, or simply decide not to pay them back. Therefore, those currencies keep going down and will continue their descent until someone's money believes the return is worth the risk.
     Money is like a beautiful woman. You must respect her and never try to artificially control her. You must add value to her, and you must give her freedom. Otherwise, you will most assuredly lose her.

"It's a hell of a thing to say you should have seen 13 years ago risks nobody else saw." - Percy Barnevik, ABB

* For more information on Jeff's Books, Blog, and Legal Challenge, please visit www.jeffmartinovich.com.
* To access JAM Views directly, please visit jeffreyamartinovich.blogspot.com.
* As always, thank you to my friends at the Wall street Journal for the economic statistics and updated events.
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WALK FASTER & MAKE A LOT MORE MONEY

     As silly as this may first sound, your new decision to always walk faster may very well be the most lucrative business investment you make all year. First, let's do a pre-test. Tonight, stop in the parking garage for a few minutes and watch the office crowd perambulate to their vehicles. Take special notice of John, the mid-level manager. He walks slowly, head and eyes down, shoulders rolled forward, his gait appears random, rumpled rain coat, battered brief case, takes him forever to reach his sensible maroon compact car.
     But, wait, here comes Susan, the newly-promoted Director of Marketing. She is weaving her way through the flock, long strides, quick but not hurried pace, checking her watch one more time, a few "good evenings" to her co-workers but no time to chit chat, appears on a mission, accidentally bumps into John but apologizes and keeps it moving.
     Now your brain has already registered a tremendous number of assumptions about John & Susan. Your subconscious has already locked in a long list of "facts" which it believes are true, even though your conscious brain may think these ideas are meaningless or irrelevant. Your subconscious believes that John is unsuccessful, not driven, lazy, passive, not valued, unimportant, has nowhere important to go, no one is anxiously awaiting his arrival, and his entire life has probably been one big disappointment.
     Your subconscious also believes that Susan is successful, driven, high-energy, assertive, highly valued at work and in her personal life, is late to see her important client or charming paramour or son's championship soccer match, has always been a winner and her future is so bright she's got to wear shades! As exaggerated as this may initially sound, study after study confirms these "leaps of attribution."
     This week our JAM Views members are committing to picking up our heads, fixing our eyes slightly above the horizon (it will feel weird because we are used to looking down), pulling back our shoulders, returning the head back to its proper position over the shoulders, straightening our back, slightly increasing the length of our strides, quickening our pace, feeling the muscles in our legs making an athletic step, and remaining solid and balanced on the balls of our feet. We will be significantly more successful the remainder of this year at work, in our relationships, and with all of our interactions and objectives with the outer world, all because of this commitment to walk faster and stronger. I promise you.
     Years ago I visited the chiropractor due to a sharp pain in my shoulder and neck. It felt like an ice pick repeatedly stabbing me in the back (I later discovered it was just the New York investment bankers bringing me another solar company deal for our hedge funds - just kidding!). The chiropractor showed me my x-ray, which he labeled "the middle-aged executive slumping over his laptop for twenty years." The head gradually moves forward, the neck loses the reverse-C curvature, and the next thing we know Granddad is four inches shorter. In horror, I signed up for every gadget and therapy available, because everyone knows that no one is easier to sell than a salesman. This physical degradation is inevitable unless we take control and reverse the process. Just stop by the grocery store tonight after the parking garage, and watch everyone shuffle through the store. It is truly scary!
     Then, on top of the physical challenges of "life gravity," we have the even more difficult emotional and psychological challenges of this human experience. Life can be quite a burden, and doing our Atlas impersonation supporting the world just beats us down over time. It becomes very natural to stare at the ground, shuffle our steps, and focus on all the bad breaks we have received during this adventure. We tend to forget that on planet Earth we call all animals that walk around with their heads down "grazers," and we forget that eventually all grazers get slaughtered!
     Walking faster and stronger not only illicits an entirely new set of perceptions from the outside world, but it also produces physical, mental, and emotional benefits for ourselves. Tony Robbins is an expert at coaching people to understand that instead of feelings creating actions, it is actually our actions which, in turn, create the feelings we desire. If we wait around all week until we feel great and motivated about going to the gym, we likely will never make it there. But almost inevitably, after our workout we feel more motivated, confident, and happy that we drug ourselves there. Walking faster works the same way. Picking our head up, throwing back our shoulders, and walking faster actually stimulates endorphins, increases serotonin, and reduces cortisol. Instead of waiting to feel good before taking more confidant actions, this action makes us feel good so that we may, in turn, be more confidant. When we feel and believe that we are strong, energetic, successful, worthy, and loved, other people view us with these same attributions.
     A-Players and Overachievers know that business is a contact sport, and they want to do business with people they perceive to be as strong and sharp as themselves. The A-Players hustle down the office hallways, making eye contact, offering greetings, and exuding positive energy which others truly can feel.
     The C-Players move slowly because no one important is actually waiting on them to begin the meeting, they glance at their paperwork so as to not make eye contact with others, and they suck energy and oxygen from the hallway.
     Perception is reality. Just as we must dress for our next promotion, not for our current position, we must also convince others, and most-importantly ourselves, that we have great worth, our time is valuable, and, damnit, we have some place important to go! Walking faster, stronger, and with more purpose will quickly become a habit which we execute naturally. We truly will create more confidence and energy in ourselves, and the rest of the world with notice immediately.
     Finally, remember that the Laws of Thermodynamics teach us that energy is neither created nor destroyed, yet merely transferred. You are either giving energy to your office, team, company, and family, or you are taking energy away from all of these people who need you. Today, consciously pick up the pace, throw those shoulders back, and leave the fear and weakness behind you. Your odds of closing the big deal, earning that promotion, and building more productive relationships will increase immediately. Don't laugh this one off. This is a great opportunity.

"The will to win, the will to succeed, to shape one's life, to take control, can only be harnessed when you decide what you want, and believe that no challenge, no problem, no obstacle can keep you from it." - Tony Robbins

* For more information on Jeff's Books, Blog, and Legal Challenge, please visit www.jeffmartinovich.com.
* To access JAM Views directly, please visit jeffreyamartinovich.blogspot.com.
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DESTINY OR FEATHER?

     The central mission of JAM Views is to explain in simple terms what is really going on out there in business and the economy, and this week we want to look deeper into what makes organizations great. Is it brilliant strategy and execution, or is it a lot of luck? This question always reminds me of the "Forrest Gump" scene at Jenny's grave under their favorite tree. Forrest says, "I don't know if we each have a destiny, or if we're all just floatin' around accidental-like on a breeze, but I, I think maybe it's both. Maybe both is happenin' at the same time." We all of course remember the floating feather at the beginning and end of this epic movie signifying this question of destiny.
     This week let's also drill down on another JAM Views common theme to remind us that the majority of what "they" are telling us is not true. The "experts" are simply Monday morning quarterbacks, and we must find our own truths. In 2007, right before the economy went into thermonuclear meltdown, Phil Rosenzweig published "The Halo Effect" which I have interpreted as a study of studies. I believe Phil's book was an excellent synopsis of many JAM Views themes, as Phil's independent viewpoint allowed him to not be swayed by confirmation bias, and his post-hoc review enable him to see if the conclusions held up for the future. Phil eventually determined that the halos developed by successful companies tainted nearly every glowing analysis, and the successful attributions were either wrong or at least rarely lasting. He concluded that the stories were great, but rarely did the successful continue to win, or did the laggards continue to lose.
     We must constantly remind ourselves that human beings are not rational, yet are rationalizing beings. Our brains must have reasons for why everything is happening, because our concept of self is not strong enough to believe that chaos may be spinning all around us. Malcolm Gladwell, in his successful books, "The Tipping Point" and "Outliers," taught us that the smallest push can start social epidemics that change whole cultures, and that most of the time we are totally wrong about why things happen in our society.
     As humans we constantly confuse correlation and causality. Correlation attempts to explain that two things are related and occur in a way not expected by chance alone. Your Statistics 101 class taught you that two items with a correlation of 1.0 moved in tandem, while a correlation of -1.0 made them pure opposites. In the investing world, we want to sprinkle our portfolios with non-correlated asset classes, so that when some markets are zigging, others are zagging, and our overall volatility (risk) is greatly reduced. Causality attempts to explain that "A" created "B," and there is a solid reason for a resulting action or condition. We humans constantly misinterpret correlations for causality.
     The riveting analyses by CNBC guests, or the sensible critiques in Forbes and Fortune Magazines, while entertaining, are espoused by business critics who actually have no idea why things happen. To their chagrin, business and economics are much more of an art rather than a science, and the algorithm for figuring out what actually created the specific outcome is too complex, with too many variables, for the human brain to understand. So, we make things up which seem to make sense to us. We rationalize.
     Tom Peters commercialized this "business guru business" when he wrote "In Search of Excellence" in 1982, and we all fell in line with the core principles which made companies great! Unfortunately, in 2001 Tom admitted, "I confess, we faked the data." Tom admitted that as a consultant with McKinsey he came up with good maxims, such as "stick to the knitting," but then went back and collected the quantitative data which supported his beliefs. I'm not claiming that Tom operated with malice. I am sure Tom believed in his mission, for which he was greatly rewarded, but we need to know that we must find our own truths.
     In 1983 and 1984, IBM topped the list of America's Most Admired Companies as the periodicals gushed with praise for their culture, work freedom, and leadership vision. By 1992, IBM's bottom line had turned red, the CEO was fired, and then Forbes, Fortune, and the Wall Street Journal crucified IBM for their medieval culture, bloated bureaucracy, and complacent executives.
     I am sure you have seen the ridiculous recaps of daily stock market reports claiming "why" the market was up or down today. I love the YouTube reports which show the same rationale used for why it was up yesterday and then blamed for why it was down today! Twenty-five years ago, John Schantz, my Branch Manager, told this rookie stockbroker the real truth, "The market went down today because there were more sellers than buyers. All the rest is B*%# S*%! He was correct.
     Jim Collins next picked up the guru flame and wrote "Built to Last" in 1994, and then the follow up "Good to Great" in 2001 as he rode the wave of incredible book sales and huge profits. Again, I am sure Jim's intentions were honorable and that he believed his thorough analysis truly determined what made companies great. Yet, if you would have invested in Jim's 18 "Visionary Companies" when his wildly-popular analysis was published, you would have underperformed even a random stock portfolio over the next decade. His list didn't even match the market average. How is this possible?
     Now don't think that I don't want you to read these books, because I want you to read them all, including my own! (Hopefully released soon after the challenging logistics of the Dept. of Justice). All of these books and studies mentioned this week provide fantastic knowledge, lessons learned, and basic guidelines to help you become an exceptional leader. Just remember that when things are going well, you are not as smart as your halo leads everyone to believe, and when everything goes wrong (as in Les Miserables "when the tigers come at night") don't ever believe you are as dumb or evil as everyone says you are. Phil Rosenzweig wrapped up his book with two great maxims: "Lasting business success, as it turns out, is largely a delusion," and "Success is not random -- but it is fleeting."
     Try to understand that we see qualities and traits in other people and organizations according to our own mind. We see our own expectations and mental projections. We think we see them doing a certain thing or being a certain way or having a certain motive or attitude or feeling, but we are seeing our own thoughts, our own expectations and assumptions reflected back to us. Now multiply those perceptions over 300 million Americans, and you can understand the confusion.
     So what should we do? We must keep our eyes wide open and know that the rationale, causality, and explanations provided by the experts are most likely wrong, or at least irrelevant. We must get ourselves as educated as possible, outwork our competition every singe day, and remember that we don't know what we don't know. If you really think about it, it's quite liberating, quite empowering. Do the best you can this week and have faith that everything is going to be okay. You are a feather that seems destined for success.

"It is one of the paradoxes of success that the things and ways which got you there are seldom those things that keep you there." - Charles Handy.

* For more information on Jeff's Books, Blog, and Legal Challenge, please visit www.jeffmartinovich.com.

** To access JAM Views directly please visit jeffreyamartinovich.blogspot.com 

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CAPITALISM + PHILANTHROPY = THE ANSWER

     Capitalism + Philanthropy has always been the answer for the forward advancement of mankind, as well as for truly reaching down and helping give others a hand up. Unfortunately, through the centuries this truth has never been truly cool, hip, or to be honest, marketed well. There is no hashtag!
     Socialism, communism, high tax proponents, and government redistributionists have always had great marketers, from Marx to Lenin to Chavez to even a super cool Grandpa named Bernie. But, "the trouble with socialism," Margaret Thatcher once observed, "is that eventually you run out of other peoples' money."
Somebody has to first make the money! And, unless all of the structural incentives are in place to first create the wealth, such as free markets and self-interests, then eventually there is no money to provide the helping hand. (See Venezuela today).
     Capitalists for centuries have been building and saving the world, but they have always been terrible self-marketers. Today, this stops. Today, JAM Views and our growing force of unapologetic capitalists begin to market the truth. If Elon Musk can make a car company which doesn't produce many cars worth $70 billion, then the teammates of JAM Views can figure out how to teach the country, and the world.
     JAM Views can instruct students how DMV Agent Susan only has a job because Joe's Autobody Repair Shop pays the taxes which pay her salary. Susan is not essential in the economy for Joe to thrive, but unless Joe is in the economy, Susan does not exist.
I call on our weekly growing members to think of some new marketing for Capitalism + Philanthropy = The Answer. How about Kappa Phi Alpha? Too elitist? How about #TheAnswer? Taken?
     For today, let me give you two great examples of how "goodness" truly works in America. First, John Walton (WalMart) and investor Ted Forstmann each contributed $50 million (which the government did not give them) to a new idea, the Children's Scholarship Fund (CSF). On education, Forstmann said, "Some insist that if we would just keep doing more of what we have been doing - spend more money, hire more teachers and reduce classes - we will get different results. I don't believe that anymore." No longer willing to wait for the government public school system to reform, John and Ted decided to use the wealth they created to try other alternatives. Twenty-years later, CSF has raised $741 million and provided scholarships to private and parochial schools for 166,000 students. Yes, 166,000. Interestingly, CSF still requires the Children's' parents to contribute a few thousand dollars to the tuition cost, knowing that the principles of self-interest and behavioral economics are paramount for everyone's success. John and Ted both died too young, but we cannot even begin to calculate their legacy and exponential impact through this onightne program. Thank God they overcame the socialists, the bureaucrats, the professors, the media, the list is too long...
     Second, NYU Medical School was worried that rising tuition and soaring loan balances were pushing new doctors into only the very-high-paying fields and contributing to a shortage of researchers and primary-care physicians. So, they turned to successful business people with connections to NYU. They didn't turn to the government, because we remember from JAM Views Post 4/1/2018, "The Government Has No Money!" The government only has money if we first give it to them (or if they print it out of thin air - Another Post), so the school went directly to the people who create the money which can help others.
Amazingly, NYU has raised nearly $600 million which will cover the expenses of all medical student in perpetuity. This allows more student to specialize in lower-paying Pediatrics, as well as higher-paying Neurosurgery. Without the $200,000 of average medical school loans weighing down each graduate, on top of their undergraduate loans, they are freer to make more considered and empathetic career choices. Interesting how economics always controls choices, isn't it? But, most importantly, we note that Ken Langone and his wife Elaine gave $100 million to this program because they believed in the mission. Ken was the son of a plumber and a cafeteria worker, attended Bucknell and NYU Business School, and then entered Wall street and founded Home Depot, providing a livelihood for over 400,000 people. Yes, 400,000!
     The Wall Street Journal recently commented that all NYU medical students should be required to read Ken's new book, "I Love Capitalism," and write an essay so they understand where the money comes from. Mr. Langone explains in his book that this is how a free society creates wealth and then voluntarily redistributes it. He says that socialism only redistributes poverty. 
These are examples of how you properly build an economy, build a country, and leave a legacy of "good." The rest is nonsense. Don't believe the nonsense the rest of the world tells you. Now, I ask that our members email the Friends of JAM with their ideas for marketing "The Answer." How will we get America to embrace this truth, instead of resenting the Ken Langones? How will we create a top-down, or bottoms-up, structure which allows our citizens to understand and embrace Capitalism + Philanthropy, for it has been the Truth since the beginning of time? #theredpill? Or, is it #thebluepill? "Neo, all I can offer you is the truth."

"Oz never did give nothing to the Tin Man that he didn't already have." - America

* For more information on Jeff's Books, Blog, and Legal Challenge, please visit www.jeffmartinovich.com.

** To access JAM Views directly please visit jeffreyamartinovich.blogspot.com 

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