One of the benefits of being …ahem..over 50 years old is perspective. Not necessarily wisdom, but one would like to think that perspective leads to additional wisdom as well. As Hayek noted decades ago in The Sensory Order, much of what our brain processes works to align what we see in light of previous activities–mental […]
Archives
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Technological innovations destroying jobs! Mass unemployment–starvation even. Say it isn’t so!
08 Jun 2015
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The Trans-Pacific Trade Agreement
05 Jun 2015
This short blog is just a follow-up to my colleague Jeff Haymond’s blog on the trade agreement before Congress now. Dr. Haymond defended the agreement on the correct grounds that it enhanced free trade and that free trade is good for everyone, at least in the longer run (and given some short-run and inevitable disruptions). […]
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Ephesians 6 and Capitalism
02 Jun 2015
Today we heard a sermon on Ephesians 6: 5-9, the text about how Christian slaves and masters should act toward each other and the proper attitudes they should have. The sermon (and my wife) prompted me to write here on the application of that text to relations in a capitalist-market society. First, the direct and […]
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Last Friday’s GDP number was horrible–a contraction of -0.7%; the revision down from an initial estimate of -0.2%. This is in stark contrast to the Obama administration crowing over 3rd qtr 2014 GDP #s, which were over 5%–so we were told that the corner had finally been turned. The administration and its defenders are quick […]
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Big Sports and Big Money: At Your Expense
28 May 2015
Sports fans and Stadium Projects Sports fans, listen up. I am a very big fan of many sports, including that all-time draw, cross country and track (OK, maybe not). But here is something I cannot abide, because it is simply unfair and inefficient to boot. I am talking about the rash of new or proposed […]
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There is another new book out on the alleged problem of inequality. This one is by Anthony Atkinson, a British scholar who wrote Inequality: What Can Be Done? The book was just released so I haven’t had the chance to read it yet, but Richard Epstein, a legal and economic scholar with New York University […]
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States Limit Local Regulation: Finally
19 May 2015
An interesting development has arisen on the issue of regulation. It seems that some state legislatures have moved to limit how much local governments will be allowed to regulate businesses and people. This is quite a development. In the past usually the states were only too happy not only to regulate directly themselves but to […]
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It began when the current Pope, Francis, succeeded Benedict XVI and proceeded to issue an encyclical dealing with economics. Many at the time defended him and argued that he could be interpreted in such a way as not to be overly critical of markets and capitalism. But Francis seems to have continued down an interesting […]
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Inner Cities, Part 2: A Partial Response
29 Apr 2015
After a couple of responses to my first post on the solution to the problems of inner cities, I decided I ought to delve a little deeper. I am responding here to two similar but different types of responses. One asks what can Christians do? The other is a bit irritated at my alleged “Gospel-without-solutions” […]
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It’s Earth Day!
22 Apr 2015
Everyone, it is Earth Day. I remember painting garbage cans and lids with peace signs as a Sophomore in high school in the early 1970s to celebrate this hallowed day–at least for the radical environmentalists. Look, I support clean air and water–though not the eradication of CO2, which I breath out and trees and plants […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach