Mar 27 2009
Good Advice From Willie Sutton - Tap Into Where The Money Is!
Does it seem odd that as a nation, we need to turn to a notorious bank robber (or at least the quote attributed to him) to find the answer and key to a sustainable economic recovery?
When asked why he robs banks, Willie Sutton, famed bank robber, replied, “Well, that is where the money is!” This quote has become a shorthand reference applied from engineering to business models. The message is to first look for the OBVIOUS solution, and worry about more complex ones later.
Where is the money? In the United States there is currently (approximately) $4 Trillion sitting in Money Market Funds and another $65+ Trillion in diverse forms of Net Worth. Perhaps it is time for the Obama Administration to take advice from Willie Sutton - Tap into where the money is! Continue Reading »
