#107 Training is Not Education

christian economist

#107 Training is not Education Training can effectively be measured by Return on Investment.  Education cannot.   Return on investment is an effective way to measure training.  It’s a terrible way to measure education.  The Wall Street Journal made three attempts recently to do this.   The first article is titled, Is college worth the…

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#101 Inflating Inflation

christian economist

101 Inflating Inflation Government policies are increasing inflation that harms the poor and violates the scriptural mandate about “honest measures. Inflation is one of the two evils of macroeconomics, along with its devilish brother: Unemployment.  Inflation usually happens by an over-heated economy, but poor economic policy can also inflate inflation, and that’s what we’re seeing…

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#100 Takers Are Not Makers

christian economist

#100 Takers Are Not Makers Conquerors (takers) seldom beat their swords into plowshares and become economic producers (makers). So, the Taliban will probably not build a sustainable economy.   Early in your study of economics, you probably learned about opportunity cost.  I advise my students to have only one dating relationship at a time.  And,…

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#98 The Myth of National Self-Reliance

christian economist

#98 The Myth of National Self-Reliance Countries who cut themselves off from global trade become poorer through their own self-reliance. Discriminating against other countries is not Christian, nor is it economically fruitful. Early in the semester, I ask the athletes in my class to tell where they’re from and what denominational church they belong to. …

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#97 Feeling vs Thinking

christian economist

#97 Feeling vs Thinking We live in a time of stupidity.  Since we believe “The truth will make you free,” the Christian Economist encourages us to do more thinking and less feeling.   How many times have you asked, “How can people believe such stupid stuff?”  I often remind Ginger that she believes a woman got…

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#96 Tax the Rich

christian economist

#96 Tax the Rich The rich already pay a high percentage of income taxes.  Taxing them more will cause them to leave the country.  And, it denies the consumer surplus that was created to earn wealth. The Socialist Alexandria Ocazio Cortez is so famous she is typically referred to as AOC, and everyone knows who…

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#95 Paying People Not to Work

christian economist

#95 Paying People Not to Work Paying people not to work is not Biblical nor is it economically sustainable. The Good Samaritan story tells us how to care for those who can’t care for themselves.    “They pretend to pay us and we pretend to work,” is a jocular phrase I picked up in Russia. …

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#94 Bread and Circuses

christian economist

# 94 Bread and Circuses The US Government is giving money to the populace in an attempt to buy votes with bread and circuses.  This is not Biblical and it hurts instead of helps the poor, as Christians are commanded to do. “Give them bread and circuses and they will never revolt.”  The phrase originates…

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#93 Public Ownership & Scarcity Part II

christian economist

#92 Public Ownership and Scarcity Part II Humans are a part of God’s natural creation.  Christian economics care how global warming affects them. Does private or public ownership care for scarce resources more effectively? Global Warming Oh, I’ve tried to stay away from this topic, because it’s so hard to get reliable data.  I “Put my…

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#92 Public Ownership & Scarcity Part I

christian economist

#92 Public Ownership and Scarcity Part I Private ownership sustains assets more securely and distributes them more fairly than public ownership. At the risk of sounding like a “summer camp report,” this podcast takes most of its information from an Alaskan cruise that was an MBA graduation gift for my wife, Ginger. Limit the Supply…

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