It is not so much the asceticism of biblical teaching, as its call to creativity and inventiveness, that accounts for the dynamism of Jewish and Christian civilization, including economic dynamism. While some aspects of asceticism are certainly helpful for a culture, such as the idea of deferred gratification, what really makes civilization thrive is when […]
Archives
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Quote for the Day! Michael Novak
20 Dec 2013
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Quote of the Day
18 Dec 2013
“Republicans shut American down. Vote them out!” This quote was seen in the window of the Democratic office of the Greene County, Ohio Democratic Party. It represents well our country’s problem. Too many Americans cannot tell the different between our government and our nation. The Democrats like to claim Thomas Jefferson as their forefather. He […]
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Quote for the Day! Pope Leo XIII
17 Dec 2013
If incentives to ingenuity and skill in individual persons were to be abolished, the very fountains of wealth would necessarily dry up; and the equality conjured up by the Socialist imagination would, in reality, be nothing but uniform wretchedness and meanness for one and all, without distinction From Rerum Novarum, 1891. This truth needs to […]
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Economic Ignorance: (Bad) Quote of the Day?
03 Dec 2013
Our interns here in DC visited the Bureau of Printing and Engraving this week. In case you didn’t know, this is where most of the paper money in the US is printed. I have to say I haven’t been so near so much cash in my life (something like a few hundred million in the […]
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Quote for the Day–From John Calvin
21 Nov 2013
And ye, O peoples, to whom God gave the liberty to choose your own magistrates, see to it that ye do not forfeit this favor by electing to the positions of highest honor, rascals and enemies of God. From Calvin’s Commentary on Samuel. No additional comment needed, the quote says it all. We were warned.
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Quote for the day! Napoleon Bonaparte
20 Nov 2013
Never ascribe to malice that which is adequately explained by incompetence. I’ll leave to you Bereans to ponder why this may be applicable to today’s political economy. There are no bonus prizes (since this should be obvious), but you can provide your thoughts in the comments.. Keep them as nice as you can, even though […]
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Quote of the Day
18 Nov 2013
The following was overheard at the keynote dinner for the Free Market Forum, held this year in San Diego, California. The author was willing to be identified as Sy Lotsoff, a California resident: “California is the Garden of Eden, but here the snakes are in charge.” Having seen just a small part of its natural […]
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Quote for the Day! From De Tocqueville
12 Nov 2013
As quoted by F.A. Hayek in his 1956 Preface to The Road to Serfdom, De Tocqueville described the process of government enslaving a people in servitude: The will of man is not shattered but softened, bent and guided; men are seldom forced by it to act, but they are constantly restrained from acting. Such a […]
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Quote for the Day! From Cornelius Van Til…
05 Nov 2013
Faith abhors the really contradictory; to maintain the really contradictory is to deny God. Faith adores the apparently contradictory; to adore the apparently contradictory is to adore God as one’s creator and final interpreter. What has this got to do with political economy? I’m not sure. But it is such an awesome quote to remind […]
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Quote for the Day! Arthur Brooks at his best
01 Nov 2013
From a CNBC video a couple of years ago, Crony capitalism….is the codependent wife of statism. Brooks is spot on; the source of cronyism is a large state that has the power to favor one group over another. And this favor only comes by harming others. This seems to me to be the definition of […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach