Author Archives: Christopher Hessenflow

About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.

Russ Roberts: Adam Smith’s Surprising Guide to Happiness (But Not Wealth)

“Man naturally desires, not only to be loved, but to be lovely; or to be that thing which is the natural and proper object of love. He naturally dreads, not only to be hated, but to be hateful; or to … Continue reading

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The Power of Your Action

How do you measure a person’s happiness? Continue reading

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Praxeology – The Purchasing Power of Money

“Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading, and not an … Continue reading

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The Power of Giving

“Oh, I believe there are Angels Among Us, Sent down to us from somewhere up above. They come to you and me in our darkest hours To show us how to live To teach us how to give To guide … Continue reading

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Vernon Smith and Steve Gjerstad on the Great Recession

Economists Vernon Smith and Steve Gjerstad present some of their research from their upcoming book. Continue reading

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So, What is the Federal Reserve System?

Every once in a while, I have clients ask me questions about the United States monetary system or the Fed or the Fed chairman, Ben Bernanke. Continue reading

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An Introduction to U.S. Monetary Policy

After all, how did it happen that we give other people real goods and services and are willing to accept little pieces of paper or metal, or even bits and bytes on a computer, in return? Continue reading

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