All posts by Jeff Haymond

Weeping for Charlottesville

One of the practical applications of the Christian walk is found in Romans 12:15, “Rejoice with those who rejoice and weep with those who weep.”  Today there is a family weeping for the loss of their daughter, a victim of the manifestation of one person’s hatred toward others.  It is, of course, easy to simply condemn the white supremacists who organized the protest, and indeed we should.  Thinking that one race is elevated, or that another is below other races… Continue Reading ››

Boom, boom goes the market, unions get whacked and Elon is still on the dole!

We haven’t really touched on the economy in a while, so I’ll briefly hit some of the latest news and invite your discussion in the comments. First up is the state of the markets.  Many Berean readers know that I’m suspicious of the markets, and have been for years, since valuations by most conventional measures are on the very high side. I have attributed this primarily to the low interest rate policies of the global central banks (not just the… Continue Reading ››

Bigger government means less tolerance

Many Americans of all political stripes consider the heated level of political rhetoric to be harmful to our country, and the recognition that we’re very divided is not generally seen as a good thing.  Yet I think we often fail to see the reason why there is seemingly more division.  We blame the 24 hour news cycle, increased partisanship by those evil Republicans/Democrats (take your pick), or loss of cultural civility.  Certainly all of those factors weigh into what is… Continue Reading ››

Yes, political economy can even come up in spiritual mentoring discussions!

Dick Armey, the former majority leader of the House of Representatives during the 90s, used to say something to the effect of “Republicans are always afraid you won’t understand the issue; Democrats are always afraid you will”  Democrats seemingly could care less about reams of data, but live and die by the anecdote–they just need one real face with a stirring heart story to put in front of the camera.  While this is not universally true, it is true that… Continue Reading ››

Please, let me pay more taxes!

And it must be compulsory, through taxation, as government is “what we do together.”  So this past week we saw Seattle pass an income tax (which may be unconstitutional), amid the cry of its citizens to be allowed to pay their fair share. …backers of the measure rallied supporters, including software developer Carissa Knipe, who told the council before its 9-0 vote on Monday that she earns more than $170,000 and endorses the tax measure.  “Seattle should serve everyone, not… Continue Reading ››

From Russia with Love

I don’t pretend to know what is going on in the Russia/Trump imbroglio, but we ought to have a bit of discussion on this, since its all the media will cover in the headlines.  First, I will say that I think there is a lot of room for Christians to disagree on the seriousness of the issue.  And in full disclosure, that despite being generally not a fan of some of Mr. Trump’s policies and much of his personal style and… Continue Reading ››

Seeing the things unseen–the case of the disappearing retail jobs

Henry Hazlitt said: The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists of tracing the consequences of that policy not merely for one group but for all groups. The drumbeat gets louder daily about Amazon crushing retailers, and it is no doubt true.  People love the convenience of a click and two days later, the item is on our doorstep.  So retail jobs are going… Continue Reading ››

Predicting socialist policies lead to disaster is like shooting fish in a barrel

In a response to a recent post on the need for us to pray for the poor people of Venezuela, one poster suggested the problems weren’t socialism, but over-dependence on one export–oil.  And since the price of oil has dropped so dramatically, that has caused the problems.  While that is a superficial reason, one has to look at deeper reasons as to why they were overly dependent upon oil, and we also must examine why the oil industry in Venezuela was… Continue Reading ››

Venezuela is starving, please pray

From today’s WSJ, Venezuela is starving (gated).  No political economy discussion really needed here.  The socialist experiment is turning Venezuela into North Korea, with all the attendant misery. This is potentially going to be worse than Syria. This is an unmitigated, albeit predictable, disaster.   No need to discuss the issue as to why, just pray for these poor people.  May God have mercy on them.

Puerto Rico Bankruptcy–is bankruptcy ever a good thing?

Puerto Rico is trying to use a bankruptcy provision approved last year to ameliorate its $123B debt.   Now this is important for many reasons but I just want to focus on one.  This bankruptcy, and the potential of stiffing the bondholders, will be beneficial in the long run.  Why?  I mean, we all think people should pay their debts, don’t we?  So why shouldn’t Puerto Rico? I think the concept of Odious Debt applies here.  Politicians will often promise… Continue Reading ››