Normally, I'd save this type of article for a Five for the Weekend installment. But since this is a federal holiday in the US (and a holiday in Canada, too, if I'm not mistaken), the weekend is still here for many. So here goes.
Gary North has an interesting piece on the logic of outsourcing. Yet the best stuff relates to a larger truth:
With respect to the first case, where a talented person loses his job, starting a small business could be his liberation from the limited opportunities he was given in his salaried job. I speak from experience. In 1976, I got fired. It was the first time I ever got fired. For six months, I scrambled. I had money saved. I had no debt. I had a frugal wife. I had a small newsletter publishing business that brought in money. But it was tough going.
Having no debt really cannot be emphasized enough.
It feels great when things are going great. And it softens blows when they aren't.
Be sure to read -- and re-read -- the entire thing if the excerpt above strikes a chord.