Podcast
#99 Faith and Freedom
#99 Faith and Freedom God gives us the freedom to choose or reject HIs offer of salvation. So we assume He wants us to be as free as possible in our economic lives. Freedom is not free Free is not freedom When I encounter someone who has served in the military, my common expression is…
Read More#98 The Myth of National Self-Reliance
#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. …
Read More#97 Feeling vs Thinking
#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…
Read More#96 Tax the Rich
#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…
Read More#95 Paying People Not to Work
#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. …
Read More#94 Bread and Circuses
# 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…
Read More#93 Public Ownership & Scarcity Part II
#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…
Read More#92 Public Ownership & Scarcity Part I
#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…
Read More#91 The Chicken or the Egg
#91 Chicken or the Egg God the Creator could choose which came first. In economics, the supply (egg) must come first. Something from Something I have repeated this phrase so many times, but I keep repeating it because people just don’t listen. The government has no money. It must take money from its populace. There…
Read More#90 Equality or Equity
#90 Equality or Equity? Christians believe in equality of opportunity, not equity of outcomes. This comes from our belief about salvation. The inherent vice of Capitalism is the unequal sharing of blessings. The Inherent virtue of Socialism is the equal sharing of miseries. Winston Churchill Here’s the difference between equality and equity. Equality means equal opportunity. …
Read More