If you can’t stand the thought of your 401k being cut in half, then perhaps you ought not be in the stock market. It’s unfortunate, but the Federal Reserve has engineered asset prices to leave most investors with the Hobbesian choice of greatly overvalued stock and bond markets, or going with the money market opportunities […]
Archives
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Are you ready for your 401k to be cut in half?
10 Oct 2021
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US Debt Increase: Without it must we default?
05 Oct 2021
One of the continuing tropes we see around every debt limit extension is: 1) if we don’t extend the debt we force the government into default, and 2) the U.S. has never defaulted on its debt, and finally 3) that would force the U.S. to pay much higher interest rates in the future. So let […]
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WARNING: Slightly wonkish today. But worth it! One of the important insights of Public Choice economics (which analyzes the public sector through the same premise of action by self-interest which governs the private sector), is that you have to understand the political economy of actually implementing any proposed policy. The policy that is amazing in […]
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Or alternatively, who will rescue us from the American Rescue Plan Act? We are ever so close to the Democrats completing their $1.9T blowout to reinvigorate the economy. Undoubtedly the House will pass it quickly (likely today) and Mr. Biden will sign it. Key features include extending the child tax credit, direct payments to citizens, […]
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When The Doves Fly
08 Dec 2020
The Senate confirmed Christopher Waller to the Federal Reserve Board of Governors last week, leaving only one slot left open which is unlikely to be filled by Judy Shelton.* Any spot on the Board is significant; however, it is unlikely that Waller will push for any changes to the Fed’s policies. The Federal Reserve Board […]
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How to Win Votes and Influence Students
27 Nov 2020
I keep reading headlines about different plans to eliminate student debt. Unfortunately, most of these plans seem to be attempts to buy votes from the college educated instead of working to fix the problem. It seems that Biden’s plan is to cancel $10,000 of everyone’s debt and more if you work for the Federal Government. […]
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Low interest rates….forever?
10 Sep 2020
That’s my prediction. Yes I know, he who lives by the crystal ball eats lots of broken glass. Yet our national debt is exploding, and the deficit is only going to get bigger this year and subsequently (above and beyond the previously bad projections). So why wouldn’t interest rates rise with all this borrowing? Doesn’t […]
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Weekly Sage #4: Wilhelm Ropke
16 Nov 2018
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. Wilhelm Ropke – “Economic integration – a network consisting of the division of labor, the mutual exchange of products and the specialization of production, coupled with the […]
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Servant of the Lender
13 Nov 2018
Proverb 22:7 tells us: “The rich rules over the poor, and the borrower is the slave of the lender.” Most contemporary translations render ébed “slave” as with the ESV here. The predominant translation of ébed in the King James version is “servant”. In Hebrew culture an ébed was commonly a slave, however, given the connotation […]
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A reader asked me to post something on President Trump’s proposed budget to Congress. Opinions have varied as to whether this budget is the apocalypse on one end or the second coming on the other, and pretty much every nuance in between. As with most budgets–though you may not remember the last one, since it […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach