It is easy to pick on the Democrats these days from a Christian Political Economy perspective, after all, virtually every social policy they pursue is unbiblical and their economics is pure quackery. Is quackery too strong a word? Perhaps, but while paying lip service to the 2nd Law of Economics (Incentives Matter!), their policy prescriptions […]
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In light of all the recent hoopla of Executive overreach, its important to know the broader agenda of the socialist mindset–it is much more than simply “economics.” As Hayek says in The Fatal Conceit (p. 67) So, priding itself on having built its world as if it had designed it, and blaming itself for not […]
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I put crisis in quotes just because I’m unsure what constitutes a crisis anymore–certainly politicians try to whip support for whatever is their latest pet issue by declaring it a crisis. But on to the post. I just returned from a short term mission trip in Honduras Saturday night, and am really glad to be […]
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Elon Musk is truly a brilliant entrepreneur; initial c0-founder of Paypal, visionary founder of SpaceX and now Tesla motor cars. I met Mr. Musk back in my Air Force days as a launch officer at Vandenberg AFB; my squadron was involved in small launch and we greatly wanted SpaceX to succeed, since costs of large […]
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http://www.youtube.com/watch?v=21uJUZuIcEo A little over a week ago we had primary elections here in Ohio, and despite the low likelihood of my vote mattering in an election (toward the outcome), I made sure my “expressive vote” was heard. The idea is that while individual votes don’t matter (at least in general, national elections) our votes are […]
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Quote for the Day–John Maynard Keynes!
16 May 2014
Whoever thought Bereansatthegate would feature a quote for the day from Lord Keynes? Yet here we are: Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth […]
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Let the beating commence until morale improves! Senator Levin says close the tax loopholes!
08 May 2014
Sen Levin has a new target in the war against our large budget deficits–corporations that legally flee the U.S. to avoid paying taxes: It’s become increasingly clear that a loophole in our tax laws allowing these inversions threatens to devastate federal tax receipts. We have to close that loophole,” said Levin in a statement. This […]
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Allan Meltzer is perhaps the greatest living monetary economist; his A History of the Federal Reserve, is the definitive standard on the Fed. He was a contemporary of Milton Friedman, and a noted monetarist scholar in his own right. Discussing the Fed today, he ventures slightly off course: Broadly speaking, the Obama administration has pursued […]
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How to tell someone’s not serious about solving political problems. My short list here; what can you add?
30 Apr 2014
You know someone is not really concerned about carbon emissions if they reject natural gas and nuclear energy You know someone is not really serious about getting the deficit under control if they are in favor of near-term stimulus (more spending) and long-term spending cuts (i.e., when they are out of office) You know someone […]
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Faith may be in action, but is the mind of Christ? Social gospel left demands higher taxes in Illinois
29 Apr 2014
Pity the poor people of Illinois. They have perhaps the worst government policies in the nation, and have less than 43 cents on the dollar funded of their pension liabilities for the large public sector. The state settled with the SEC in March after it was charged with securities violations in fraudulent reporting of its […]