In my recent posts, I attempted to show the bankruptcy of the blanket statement by Mr. Sanders that billionaires as a class should not exist. One commenter said the issue was really about how they got their money, and in James’ mind, the only way you could get that kind of money was through nefarious […]
Archives
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Bereans Not for Billionaires
16 Nov 2019
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Negative Interest Rates for Dummies
18 Sep 2019
As the U.S. policy makers continue to demand head toward negative interest rates (thank you Mr. Trump, NOT!), I thought it would be helpful for a short review. So, here are some common questions and my answers. What are negative interest rates? A negative interest rate is simply the result of someone paying higher for […]
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It used to be possible to say something of the effect, “be wary of Republicans when they don’t do what they say they believe in, be wary of Democrats when they do do what they believe in.” Democrats may have had good intentions, but their policy prescriptions were generally in the wrong direction (certainly economically). […]
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Trump, the Fed and Recession?
20 Aug 2019
Mr. Trump is increasingly worried about the economy as he rolls into his 2020 reelection campaign, as he should be–it will likely determine his victory or defeat. To his political credit, he has so successfully enraged his Democratic opposition that they seem determined to be against anything he might say, and his very victory has […]
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In the topsy turvy world we live in, almost everything that has been considered good is now evil, and everything that was formerly considered sin, is now virtue. We see this in the ongoing sexual revolution, but don’t mislead yourself–it doesn’t stop there. Our political and monetary system* now embraces monetary nonsense as a matter […]
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In a previous post, I cajoled Mr. Trump for his public excoriation of our Fed, yet there is a case for lower interest rates and in a big way. The primary reason is that the yield curve is inverted, and it has been for quite a bit of time. While I have previously argued that […]
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The most important price in our economy is socialist, not capitalist. Bernie, you’ve already won!
20 Mar 2019
Yesterday I was teaching on money in macroeconomics, and we discussed how the Fed influences the whole complex of interest rates. That naturally led to the question, how does the Fed “know” what the right level of reserves are, what the correct Fed funds rate should be, etc. What we know for sure is that […]
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Weekly Sage #19: Irving Fisher
15 Mar 2019
The Weekly Sage hopes to regularly bring brief profiles of key contributors to thought and faith before a Christian audience for historical education and awareness of valuable resources. Irving Fisher “We have seen that all wealth and property imply prospective services or ‘desirable events.’ It is the desirability of these future expected services which gives […]
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AOC, Green New Deal and Monetary Theory?
27 Feb 2019
It was hard for me not to geek out yesterday. I teach Money & Financial Markets in the spring, and we mostly focus on traditional banking texts with a special look at the financial crisis. Seldom do we get to the specific monetary theories–Austrian, Post-Keynesian or other heterodox approaches. But the wisdom of youth, as […]
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The Weekly Sage hopes to regularly bring brief profiles of key contributors to thought and faith before a Christian audience for historical education and awareness of valuable resources. Sometimes history brings together a special combination of resources and people that form a center of intellectual influence. The Weekly Sage will occasionally consider such “Schools” together. […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach