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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White Democrats in the South: Then and Now
04 Sep 2014
Michelle Nunn is the scion of a political brand. A Democrat running in what is now a deeply Republican state, Nunn is squaring off against David Perdue, a GOP businessman, for an open U.S. Senate seat in Georgia. In a year when control of the Senate is in doubt, this contest, and others throughout the […]
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Mr. Obama used his weekend address to try and refocus attention away from disastrous foreign policy news and to something that can motivate his base. Even Democrats are attacking his “hands off” approach, with Senator Dianne Feinstein calling him “too cautious.” So its only natural that Mr. Obama would like to change the subject. […]
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Quote for the Day
01 Sep 2014
“No beast is more savage than man, when possessed of power equal to his passion.” Josiah Quincey, Jr. (American revolutionary writer, 1770s) This captures the essence of human nature, apart from the grace of God, and operating in the political sphere.
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Quote of the Week!
28 Aug 2014
“the passion for economic equality…is…a passion for getting as much as those above us in the economic scale already get rather than a passion for giving those below us as much as we ourselves already get.” –Henry Hazlitt
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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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Golf is Not the Problem. Leadership Is.
25 Aug 2014
President Barack Obama’s golf habits have garnered significant media attention recently. Politico ran a long story on the politics of presidential golf, and Chris Cillizza, in the Washington Post, argues that Obama’s disconnectedness, symbolized by his proclivities for short pants and long drivers, threatens the Democrats’ chances in the upcoming mid-term elections. Even Jimmy Fallon, […]
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Late Thoughts on Ferguson and Civil Disobedience
22 Aug 2014
Any rational person should wade into the waters surrounding Ferguson, MO very cautiously. Why? We have no idea what happened to touch off the events. We know that a young, unarmed man is dead at the hands of a police officer. We know he was shot six times. We know very little about the event […]
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John Cochrane is a tremendously talented economist and professor of finance @ Chicago’s Booth School of Business. He’s probably forgotten more arcane financial reasoning than I know; but that doesn’t stop us from critically examining his thinking. In today’s WSJ, Mr. Cochrane cheers the Fed’s balance sheet expansion as a good thing for the economy. […]
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Islamic Radicalism Part 2
18 Aug 2014
In the previous blog on Islamic ideology I focused on the historical development of the religion of Islam and of the terrorist groups that arose later. But Islam is also a religion in its own right and is based on a written source—the Quran—which is subject to various interpretations. It is true that for a […]