For This President, Alliances Are Strictly Business

For This President, Alliances Are Strictly Business

https://patriotpost.us/opinion/66189?mailing_id=4595&utm_medium=email&utm_source=pp.email.4595&utm_campaign=snapshot&utm_content=body

Excerpt: “Integrity lowers the price of capital.” (...) All else being equal, who are you more inclined to lend money or charge a lower interest rate? The man with integrity, because integrity mitigates risk. And risk is what determines the cost of capital. It’s why government-backed bonds pay a lower interest rate than high-risk “junk” bonds. This same principle applies to hiring and promoting people. Whether babysitters or top executives, employees who’ve showed up, worked hard and earned trust are a less risky bet. It’s not just boilerplate when employers talk about “investing” in their workers. [It seems odd to talk ethics in a political context, but there’s a tremendous amount of truth to Goldberg’s thoughts that apply to almost everything. This short essay is worth reading. Ron P.]