In a recent email discussion, a friend from church recently noted, “I don’t think anyone is going to argue that government has carte blanche to take property from people.” As I told him, I don’t think that is the case. For starters, I certainly would. And so might folks like the justices on the Texas…
Category: Economics
Economics 101: Image
Then God said, “Let us make man in our image, after our likeness.” – Genesis 1:26 God thinks and acts, and does so with purpose: “God created the heavens and the earth.” – Genesis 1:1 ESV “God sent me before you to preserve life.” Genesis 45:5 ESV “For God so loved the world, that he…
Economics 101: Work
Be fruitful and multiply and fill the earth and subdue it, and have dominion … Genesis 1:28 Man was created to work. The objective of that work, as seen in the cultural mandate of Genesis 1:28, was to prepare the world as a dwelling place for God and man. God provided the Garden of Eden…
How an Economy Grows and Why It Crashes by Peter and Andrew Schiff
Peter and Andrew Schiff wrote How an Economy Grows and Why It Crashes based on the book by their father, Irwin, How an Economy Grows and Why It Doesn’t. It combines simple explanations and cartoon-like illustrations on almost every page to lay out clearly the effects of government intervention in the market. It begins with…
Christian Economics 101
Economics often gets overlooked by Christians. From one perspective, this makes sense. Economics is not the gospel. Understanding biblical economics won’t save our souls. On the other hand, economics is at the very heart of the Christian life. God commanded Adam and Eve to “Be fruitful and multiply and fill the earth and subdue it,…
Eliminating Renewable Energy Subsidies is Key to Boosting Prosperity
Residential electricity prices have steadily increased for years, up more than 15 percent in the United States (not including Texas) since 2004. A newly released U.S. Department of Energy report on electricity markets and reliability makes it clear that renewable energy subsidies are contributing significantly to the increasing cost—and the decreasing reliability—of the national electric grid. Yet the report…
Quote of the Week – Mises on the Religion of Government Spending and Credit Expansion
“No one should expect that any logical argument or any experience could ever shake the almost religious fervor of those who believe in salvation through spending and credit expansion.” – Ludwig von Mises, in his book, Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses.
Let’s Break Up Tiger Woods
In the aftermath of Tiger Woods’ dominant victory in the recent American Express Championship golf tournament, a number of Wood’s competitors announced they will be asking the U.S. Department of Justice to file suit seeking the breakup of Woods for violating federal antitrust laws. “He’s dominating the game,” said Adam Scott, who finished second, eight…
Inflation, Money Creation, and the Gold Standard
“In a social order that is entirely founded on the use of money and in which all accounting is done in terms of money, the destruction of the monetary system means nothing less than the destruction of the basis of all exchange.” – Ludwig von Mises, The Theory of Money and Credit, p. 202. In…
Economic Freedom and Quality of Life
http://www.youtube.com/watch?v=v1U1Jzdghjk&feature=player_embedded