Challenging Common Myths in Business and Economics

March 26, 2026

Do you sometimes hear a statement that seems false to you? You think that this cannot be right. Sometimes such statements could be exaggerations; it is the way some people talk. But other times, a statement may be paritally or totally false because you know the subject matter. How do you react in such situations? You may not be able to argue with a statement on live TV or in a large lecture hall. In a small group, though, you might voice your contrary opinion or choose to ignore the statement. At times, it may feel futile or unnecessary to engage, but in other cases, especially when the subject matters to you and you can respond, speaking up might be appropriate.

I recently listened to a university business professor talk about global economic trends. He introduced himself as nonpolitical and explained that the many charts he will present come from reputable sources. In other words, his presentation will be unbiased. He also mentioned that he’ll puncture some “shibboleths” or “urban myths”. So, I looked forward to his lecture.

The professor spoke enthusiastically, and I enjoyed his comments. What stood out most were the remarks that challenged my views—not because I didn’t understand, but because I disagreed. Here are three ideas from his lecture I take issue with.

He began by sharing that he always asks his students what motivates businesspeople and, according to him, the answer is invariably profit: business exists to make money. However, he always counters the students’ view by explaining to them that when he shops for vegetables, he expects the store to sell vegetables; therefore, the store, a business, exists to offer those goods. The owner may have been a gardener initially and decided to sell produce. This made sense, but I also knew that selling continues only if the store makes money. In other words, the owner would not sell vegetables at a loss, would he or she? (In some situations, the business would sell at a loss as when going out of business). The professor had not broken any shibboleths for me with his example; the purpose of the vegetable store is to sell merchandise, but at a profit.

And then a second item came up with which I had trouble agreeing with. The professor said he might be unpopular by suggesting doing away with programs with universal application. For example, he questioned the need for universally free kindergarten, asking why people who can afford it should benefit. He advocated means-testing, in other words. This argument seemed reasonable until I considered Canada’s own universal programs. We provide public schools free for all, and Canadians are proud of their universal healthcare (although not all healthcare services are free). The trend in Western countries is to expand free, universal services, not reduce them. Whether such policies continue depends on political will and affordability, and the direction seems toward greater universality.

A final example that stirred my mind was the professor’s advice about Canada’s resource sector. He argued Canada should sell more natural resources to create jobs and generate revenue, contrary to the traditional view that resources should be developed domestically for added value.

Reflecting on this lecture, I did not think that the professor changed my mind on the three items above. But I must say that his perspectives added to my understanding of the issues. Maybe I have become coopted to the current wisdom on the subjects discussed and have become rigid in my opinions. So it was useful to hear a fresh argument on these three subjects; that business starts with an idea before money is considered, such as selling books on line, the origin of Amazon, that we should not take for granted that universal programs are always the preferred alternative and that Canada could still improve its economy by selling resources to a diversified global market. Unfortunately, I did not have the opportunity to question the professor on these subjects due to his eighty plus slides that he showed, leaving no time for questions.

The Echoes of 1956 in Today’s Middle East

February 5, 2026

One stated aim of this Middle Eastern war is to help the Iranian people replace their current regime. As the argument goes, the Iranian economy is weak, and with the pummeling of the country by bombs, this is an opportune time for the people to take over and establish the form of government they wish to have. This situation feels familiar to me, I remember the Hungarian uprising of 1956, when the US encouraged the Hungarian people to take over their government, leading people to hope for support that never materialized.

Let me go back to my memories. In my youth, I tinkered with bicycles, and then built a basic crystal radio. I am talking about the 1960s; we have come a long way technologically since crystal radio.

The “people’s radio” with one channelwas the standard radio set in Hungary in the 1950s. the channel boadcast government propaganda and communist/socialist ideas, tracing their routes back to Marx and Engels. I learned that a “rheostat” could change all that, and I bought one at the local hardware store. Once I installed it into one of the “people’s radios, I was ecstatic and danced around in my room, hearing all the foreign stations (German, French, English).

Mind you, reception was not good; all the foreign channels except the Hungarian official channel were jammed. I discovered that reception was better at night, and the foreign channels moved to different frequencies to avoid the jamming. Of course, the jammers searched for the moving stations, but during the time the jammers discovered and logged on to the new frequencies, I heard music and news.

It’s important to understand that altering people’s radios was against the law, as was tuning in and listening to foreign radio stations. I am not sure how the secret police could monitor people listening to foreign stations, but illegal activities were punished by jail and torture, so just knowing that something was illegal was enough to deter such activity.

Aware of the political atmosphere, I did not tell my parents what I had done; in fact, they could have gotten into trouble by an accusation that they let their son engage in an illegal activity. So, I listened to my new device at night and hid the radio under my blanket listening to foreign channels.

And this is how I heard it: in Hungarian, Radio Free Europe (FRE), a US agency, advocating the overthrow of the then-current Hungarian government. And the voice on RFE encouraged the Hungarian people to organize mass demonstrations on Budapest’s major streets and to take over the government.

Behind the RFE messaging was the view of John Foster Dulles, the Secretary of State under President Eisenhower, advocating the overthrow of the government. Hungarians were ecstatic; they thought the US was about to help the revolution by sending soldiers and ammunition. And they waited. And waited. But help never came.

Reading historical notes now, I learned that although Dulles encouraged the uprising to move to take over the government, but he later changed his mind, considering that Hungary was not a potential ally and that assisting the uprising might antagonize the Russians. He was also preoccupied with the Suez Canal crisis happening at the same time. But he took the Hungarian situation to the UN Security Council, proposing a diplomatic approach to resolve the uprising. The Russians, knowing the Americans would not interfere, came in with tanks on November 4, 1956, and crushed the uprising, which started on November 23.

The Russian tanks had taken a few weeks to reoccupy the country. By mid-November the situation appeared hopeless, and my brother and I walked out to Vienna (Austria) on the highway. Subsequently, we found our way to Manchester (England), and finally, to Vancouver, Canada, as refugees. I wonder how many Iranians are considering, or able, to leave their country.

All these memories came back when I heard the US encouraging the Iranian people to take over the government. Clearly, Hungary and Iran are vastly different countries; one has a population of 9 million, while the other has 92 million. Also, Hungary did not have nuclear ambitions. But inciting local populations to rebel and take over their government is a bold and drastic initiative with major consequences. The lack of follow-up to keep the uprising going, encouraged by the messaging of Radio Free Europe, was a crushing disappointment for the Hungarians in 1956.

Immigrant Experiences: Inspiring Stories Amidst Challenges in Canada

Septermber 21, 2025

Many Canadians believe that the significant influx of immigrants in recent years has contributed to a shortage of housing units and overwhelmed healthcare services in the country. Since 2021, four million people have arrived in Canada, mostly temporary workers, students, but also refugees, economic migrants, and family members of Canadians.

I understand why many Canadians’ views on immigration have turned negative. However, I enjoy interacting with recent immigrants and discussing their reasons, as well as their plans, for coming to Canada. Let me provide some examples.

When I dropped my car off at the garage, a Lyft driver came to take me home. In a cheerful voice, he asked about my day and engaged me in a friendly conversation, inquiring about what I did. Listening to his accent, I asked him where he was from. He told me he came from Somalia eight years ago and now has a family with young children. His ambition is to establish a business here. He is the kind of person we need in Canada; in fact, all countries would benefit from having young and ambitious individuals like him.

When my car was ready, the garage sent another Lyft driver to pick up my car. Not surprisingly, he was also an immigrant, this time from Rwanda. He came to Canada a year ago and proudly drove a brand-new vehicle, which he mentioned he had bought for cash. He was able to do that by working seven days a week, an astounding achievement in my opinion.

I learned from the driver, Olivier, that he preferred Lyft over Uber, where he had previously worked. Although he had a French name, he did not speak French. He explained that Rwanda was a Belgian colony before gaining independence, which is why many people in the country have French names. After completing his university studies, he went to Belgium to pursue a master’s degree. He ended up staying in Europe for five years, living in England and later obtaining a second master’s degree in Poland. I was surprised to hear this and asked him if he spoke Polish. He clarified that the university program he attended was conducted in English.

From our conversation, Olivier appeared to be a loner, with only a high school friend in Ottawa. He confided in me that he is 33 years old, hopes to start a family, but working seven days a week leaves him little time for socializing and meeting potential partners. In addition to his driving job, he also works part-time at night for a Belgian company, another ambitious immigrant who would be welcomed in most countries.

I should also mention the young man from India who came to fertilize my lawn. He was busy working his Weedman route in the neighborhood but took a few minutes to chat with me when I asked how he liked his job. Although fertilizing keeps him occupied during the summer, he mentioned that he needs employment during the winter months. He plans to enter sales with the company, but he finds the challenge of sales to be significant, as he needs to make at least ten sales or identify leads each day. That’s not an easy task these days, especially when people tend to prefer a do-it-yourself approach.

Engaging in conversations with recent immigrants is both inspiring and motivating, and it has led me to reflect on the richness of the immigrant experience —a perspective I hold dear, having been an immigrant myself.

The sense of satisfaction that comes from adapting successfully to a new country is immense. During the phase of acculturation, individuals face challenges that feel overwhelming. I arrived in Canada with no language skills, no material possessions, and a total lack of knowledge of Canadian culture. To adapt to my new country, I grabbed any available jobs to improve my language skills, earn some money, and learn local customs.

In my first job, I carried furs at an auction for furriers, where they bid on various furs. A memorable moment arrived when the furriers tipped me, and I responded by telling them I only did my job and didn’t accept tips. This response earned me some strange looks. It didn’t take long for me to realize that tipping for good service is standard practice in North America, while it was nonexistent in communist countries like Hungary.

Other jobs followed. I washed dishes at a hospital and later traveled with a survey crew, doing machete work and drafting. On my last day with the survey crew, I overheard my team’s plan to pull down my pants and stick me in an anthill. Fortunately, I managed to escape before they could grab me; my language skills had improved to the extent that I could understand whispering.

To further improve my language skills, I accepted a job with a California company selling Collier’s encyclopedia. It involved knocking on doors and presenting the value of having the encyclopedia in the small towns around Vancouver, BC. I did not last long. I appreciated meeting those who welcomed me, but many older attendees, perhaps lonely, saw my presentation as an opportunity to socialize without planning to make a purchase.  

My early job experiences have significantly contributed to the development of my language skills and self-confidence over time, leading me to pursue a university education.

In summary, the sudden increase in immigration overwhelmed healthcare services and contributed to a housing shortage. And it made immigrants less welcome. But talking with recent immigrants is usually uplifting and inspiring. Before forming an opinion on the pros and cons of immigration, I strongly encourage you to engage in conversations with them.

Avoiding Arguments with Family: Strategies for Difficult Conversations

August 29, 2025

I was quietly reading my book when I heard an escalating argument with both sides raising their voices. Curious about what was happening, I stepped in and discovered it was a family dispute centered around MAGA-related issues. My wife questioned why we have soldiers stationed in Washington, DC, while her brother claimed that crime in DC is a significant problem and that Trump would be the one to fix it. My wife cited reputable sources showing that the crime rate in DC is at its lowest point in thirty years, but her brother dismissed these facts as incorrect. We have all lived in DC, and while crime has been an issue in some parts of the city in the past, the overall rates have improved.

So, where do we go from here? Arguments like this are becoming increasingly common in our conversations. Discussions with family members often revolve around news, especially topics related to politics and current events.

Having different opinions is perfectly normal. The problem arises when individuals repeatedly make the same points without considering opposing viewpoints. Additionally, people’s beliefs tend to remain relatively stable; some are inherently opinionated and stick to their views even when presented with contradictory facts. Some individuals are misinformed rather than ignorant, often consuming news media that aligns with their beliefs. As a result, their echo chamber reinforces their existing perspectives.

As a middle child, I often find myself playing the role of mediator. Sometimes, I avoid discussing controversial subjects altogether. Other times, I share my own views, and when others disagree, I emphasize that I respect differing opinions. However, I find it frustrating when others fail to see things from my perspective or consider my viewpoint.

The key concern is how to prepare for Thanksgiving dinner with family, especially when some members may support the MAGA movement—or we believe they do. It’s essential to acknowledge that some individuals enjoy arguing, but we aim to avoid conflicts during dinner and steer clear of topics that could lead to disagreements.

One way to prevent arguments with MAGA supporters might be to avoid inviting them to family gatherings. However, this feels too extreme because we value our connection with family. If we can’t discuss current issues among ourselves, to whom can we turn for peaceful conversations? Siblings should be able to sit down together and discuss controversial topics without resorting to loud and heated exchanges.

With Thanksgiving and Christmas approaching, we’re considering whether to invite the entire family while also trying to avoid verbal conflicts. Should we include all family members and risk a confrontation, or should we exclude those likely to bring up controversial subjects? How do you handle similar situations with your family?

Navigating US-Canada Border Crossings: Personal Insights

February 7, 2025

Trump’s views on birthright citizenship, deportations, and immigration are concerning, bringing back memories of our past border crossings from Canada. As a naturalized Canadian coming from a previously communist country, facing border guards used to make me nervous. But with time, that apprehension has passed.

Over the past few decades, we’ve made an average of four to five trips to the U.S. each year. I am now adept at being polite and cooperative when questioned by border officers. Aside from some amusing incidents, most of our crossings were pleasant.

On one recent trip, an officer checked my passport, grinned, and inquired if I was a “freedom fighter.” My passport shows I was born in Hungary, and I found his question surprising; he was aware of the 1956 Hungarian Revolution. The Revolution started in Budapest, two hundred kilometers from where we lived. The revolution’s westward expansion arrived days later, allowing my escape to Austria when the border was unexpectedly opened. No, I was not a “freedom fighter”, but could have been.

However, his comment made me feel good. He believed I was anti-Russian, which signaled to him that I was a friend of the U.S., so I felt welcomed.

Once, while crossing the border, the officer inquired, “Is this a new car? I then realized that our license plate had been scanned near the gate and entered into their system. Passport checks reveal information about your car’s license plate when you drive.

Canadians also monitor car movements into Canada. The U.S. and Canadian computer systems may work together!

I had a more challenging time driving to Chapel Hill, NC, where my son lived. He had just bought a house, and I offered to build a deck in his backyard. My carpentry tools in the car triggered detailed questioning. The guards accused me of taking jobs from Americans. I reassured them, saying, “No, no. Look at the color of my hair—I am retired! I’m just building a deck for my son.”

Despite my explanations, they remained unsatisfied and told me to park the car and go inside. They searched my vehicle, including the hood, trunk, and undercarriage. Convincing them I wasn’t working in the U.S. took hours.

Another memorable crossing occurred when the border guard requested identification plus my passport. I’m unsure what brought that question up, but I provided my picture IDs: my Canadian driver’s license and health card. I also included my old draft card, which was a mistake! 

“What is this?” they asked. That question seemed unusual; I thought Americans would know what the draft card was. The guards conferred, and I observed from beyond the counter. I explained I had worked in Norfolk, VA, years ago, during the Vietnam War, and that everyone living and working in the U.S. had to register for the draft. Draft cards were something the young officers had never seen before.

The commotion drew the supervisor in, who, upon investigation, burst into laughter. He explained the history of the draft, which was abolished in 1973, to his colleagues. Afterward, they let me go but kept my cherished draft card.

From experience at border crossings, we discovered the standard questions asked by border guards: your destination and planned duration. Plus, declare all items you are bringing across the border: gifts, food, alcohol, and cannabis (while legal in Canada, it is illegal in many states). We carry food only for ourselves and try to remember which fruits are not allowed in the U.S.

The government’s current focus and political relations influence border guards’ behavior. For example, during the COVID-19 pandemic, vaccinations were required. At other times, they might ask about our destination only and wave us on.

What’s the border guard situation this spring? Trump has expressed a desire to make Canada the fifty-first state of the U.S., but Canada has stated its strong opposition to being absorbed. Would the border guards welcome us, or would they be more questioning?

Trump also accused Canada of allowing huge amounts of fentanyl and large numbers of terrorists to cross into the U.S. The facts, however, paint a different picture; only one percent of fentanyl and terrorists arrive in the US from Canada. Can rhetoric influence the border guards? How do these accusations affect them?

We will assess the current situation at the border soon. In a few weeks, we’ll visit family and enjoy the warm sunshine in North Carolina.