CNBC reports today that the Federal Reserve is increasingly considering income inequality as a consideration for monetary policy. The basic idea seems to be that monetary policy ought to be kept easy as long as those in the lower income groups are unable to gain jobs. As CNBC reports Some on the FOMC, they said, […]
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Welcome to our Facebook page!
24 Mar 2013
Bereans at the Gate now has an official Facebook page. Here is the link. Please like the page! We are going to start spreading the word about our blog soon, so this is just a start. THANKS!
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Are deficits really good for our economy?
24 Mar 2013
They are; at least according to Charles DuBois in his letter to the editor in the Wall Street Journal. Mr. DuBois says, In brief, the near-term impact of deficit spending is for the private sector to incur one debit (to buy the bonds) and two credits—one for receiving the bonds and one for receiving the deficit […]
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The institution of marriage is one of God’s great gifts to humanity, and it will certainly be under great debate over the next few weeks as the Supreme Court looks at challenges to the Defense of Marriage Act. Nevertheless, in today’s post, I simply want to point to the economic benefits of marriage, courtesy of […]
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The Devolution of Abortion Rights
21 Mar 2013
While we are right to focus on the politics of the day, we too often, in our haste, forget our longstanding woes. Abortion is out of vogue in the current political climate, unless it is used as a club against its opponents. While Richard Mourdock and Todd Aiken still bear the scars of mis-statements (let […]
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Paul Krugman on Cults and Economics
19 Mar 2013
“But woe to you, scribes and Pharisees, hypocrites, because you shut off the kingdom of heaven from people; for you do not enter in yourselves, nor do you allow those who are entering to go in. When I think about this verse from Matthew 23 of the Eight Woes, I can’t help but see some […]
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None other than Fareed Zakaria wrote an editorial this past week calling on President Obama’s administration to approve the Keystone Pipeline project. Considering Zakaria’s close affiliation with the political left, this should catch the President’s attention. I am a faithful reader of Time magazine, of which Zakaria is now editor at large after a decade […]
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In a comment to a post I made yesterday, Jeff Haymond asked “Can you speak to what the biblical vision would be and why Representative Ryan’s proposal has at least parts that fit that vision?“. I’d like to respond to Jeff’s first question by summarizing welfare reform architect Lawrence Mead’s From Prophecy to Charity: How […]
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Teen Pregnancy as a Wicked Problem
15 Mar 2013
Policy analysts often refer to multifaceted problems, that are resistant to traditional solutions, as “wicked.” Unwed, teenage pregnancy has grown into one of those. Historically, teenage pregnancy was limited through lack of access and shame. The automobile, the pill, and shifting sexual mores have redefined the phenomenon. Now, we no longer shame unwed, teen moms, […]
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On March 12, the House Budget Committee released its Fiscal Year 2014 Budget Resolution “The Path to Prosperity: A Responsible Balanced Budget”. A key provision in the proposal is the “Safety Net Strengthened” (p. 25). Using reform of Aid to Families with Dependent Children (AFDC) as a model when “Bipartisan efforts in the late 1990s […]