We often debate the role of government in the economy, with most of your Berean bloggers taking a skeptical view of government beyond the biblical role of avenger of evil that God calls out in Romans 13. Government is an institution that, while populated by people marred by the fall, is nevertheless ordained by God […]
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On September 2 and 3, Cedarville University hosted theologian Wayne Grudem and economist Barry Asmus, who presented talks aimed at students and faculty on economics and human flourishing. Much of what they said related to their relatively new book, The Poverty of Nations: A Sustainable Solution. To summarize the book’s argument, the authors assert that […]
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It’s a Whopper of a tax bill!
26 Aug 2014
Breaking financial news today is Warren Buffett’s financing of Burger King’s buyout of the Tim Horton restaurant chain. As part of this transaction, Burger King will move its corporate HQ to Canada, known as a Tax Inversion. Tax Inversions are increasingly popular with U.S. based companies, while being increasingly unpopular with U.S. politicians, since the […]
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The “Cronies” versus the “Smithians”
14 Aug 2014
Cronyism and Sports Sometimes I feel as if I am just trying to “stir the pot” as it were and make my sports-loving friends angry. So let me say before I continue that I love sports of many kinds—college football and basketball, cross country, track, bicycling, and a few others to a lesser extent. But […]
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Let’s Get Ethical
28 Jul 2014
This blog is a supplement to my colleague Jeff Haymond’s very informative blog of July 26 entitled “Turning to the Left….” I wanted to add a further ethical dimension to the discussion of income inequality which Jeff was addressing with regard to recent comments by Thomas Ricks at Politico. Jeff’s comments are worth reproducing in […]
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Moving to the Left–Why it is essential to Love God with all our Minds, as well as our Hearts
26 Jul 2014
In Wednesday’s Politico, Thomas Ricks writes about how he is turning left politically mid-life, outlining a growing disillusionment with American military, government and economic results. Much of his criticisms I don’t fault, such as his specific criticisms of how and why we fought in Iraq (a subject I won’t delve into here). But he also […]
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The heart of Crony Capitalism is privatizing the gains while socializing the losses. Both Republican and Democratic administrations, whether they intend to or not, routinely support such cronyism. They usually only differ in who their cronies are, and how much cronyism they like, and the rationale for supporting cronyism. For the most visible current example […]
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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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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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The “Point One” Percent
01 May 2014
We are all collectively the “point one percent” now. That is, we live in an economy that measured ,1% (you read that right) growth in GDP in the first quarter of 2014. Are we in for a “double dip” recession–have we really emerged from the previous one, despite fine economic definitions (and let’s be clear, […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach