Gary discusses the current debates on the political scene, and interviews Joel McDurmon about the mortgage crisis.
Full Story »Fannie, Freddie, and Pharaoh
It was in the midst of a great depression. Famine and drought had swept the land; food shortages squeezed towns and families; prices skyrocketed; the effects were international; complaining echoed across workplaces and markets; social unrest was building. Something had to be done. Everyone looked to the one place which had reserves (built by prior taxation): the government.
Full Story »Special Report: Why a Slowing Economy is our Biggest Opportunity
Now is the time to recapture ground that has been lost to liberals. There’s no better time than now to make a contribution to a ministry that is on the cutting edge of cultural transformation—especially during an election year.
Full Story »Big Brother or Free Enterprise?
When was the last time you visited a Chick-Fil-A restaurant? If your experience was anything like mine, you were treated to great customer service, an affordable tasty meal, and a clean restaurant.
Full Story »TANSTAAFL
The first rule of economics is TANSTAAFL: There Ain’t No Such Thing as a Free Lunch.[1] While something might appear to be free (e.g., education, healthcare, etc.), there is always a cost to someone.
Full Story »Bard for Life
More precisely it’s a play about things which might be real, but turn out not to be. In other words, it’s a lot like today’s media.
Full Story »Economic Borrowed Capital
With some variations, those who hold to a biblical economic model share many fundamental principles with advocates of a free market, or, as I hope to demonstrate, free marketers share many fundamental economic principles with advocates of a biblical worldview.
Full Story »Darwinian Economics
In a study released yesterday on the Financial Times website, it was revealed that the richest 2% of adults in the world own more than 50% of the total assets, while the poorest half of the population hold a mere 1%. Although this may help to foster greed and envy among the poor of the world, it really only goes to confirm the “Golden Rule,” i.e. he who has the gold makes the rules, as Hernando de Soto points out in his book The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.”
Full Story »Thanksgiving and Marginal Utility: Part 1
O give thanks unto the LORD; for he is good: for his mercy endureth for ever. O give thanks unto the God of gods: for his mercy endureth for ever. O give thanks to the Lord of lords: for his mercy endureth for ever (Psalm 136:1-3)
Full Story »The Starting Point in Economics (and Everything Else)
The Bible begins with two uncontested presuppositions: First, God exists, and, second, He is the Creator of “the heavens and the earth” (Gen. 1:1). A third presupposition logically follows from the first two: “The earth is the LORD’s and all it contains” (Ps. 24:1; see 1 Cor. 10:26).
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