Remove 2003 Remove National Remove Operations Remove Taxes
article thumbnail

Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. This is done by ensuring money is produced according to the strictest standards and avoiding manipulating it to the king’s benefit ( inflation tax ). Medieval monetary policy operated without a central bank.

Policies 116
article thumbnail

Addressing The Symptoms Of Pharmacies’ Cash Flow Ailments

PYMNTS

Taxes, minimum wage, global trade tariffs — there are a lot of regulatory changes weighing heavily on the minds of U.S. With prescription drugs representing 92 percent of sales revenue, according to the National community Pharmacists Association, thinning margins — and frequent losses — from this side of the business can be fatal.

Capital 130
article thumbnail

24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

In the early 70s, See’s was able to produce about $2M a year (after tax) on just $8M in net tangible assets (including all accounts receivable.) Berkshire Hathaway bought See’s, and by 1982, it was up to producing $13M after taxes on just $20M in net tangible assets. That premium is the company’s “economic goodwill.”.

Omaha 78