As a Christian libertarian, few things worry me more than the rise of socialism in America. A March 2020 Gallup poll found that four out of ten Americans have a positive view of socialism. Among Democrats, 65 percent surveyed said they hold a favorable view of the doctrine. What’s particularly alarming is that this embrace … Continue reading 61 Quick Facts and Observations on Socialism, Jesus, and Wealth
Category: Economy
Kazakhstan recorded the fifth-largest gain in economic freedom of any country in the world over the past year, according to The Heritage Foundation’s 2020 Index of Economic Freedom. The country’s score (69.6 on a 0-100 point scale) puts it on the threshold of earning the index’s coveted “mostly free” designation. Ranked as having the 39th-freest economy … Continue reading Kazakhstan’s Investment in Economic Freedom Pays Dividends
During the Great Recession, President Obama’s chief-of-staff Rahm Emanuel infamously advised, “You never want a serious crisis to go to waste.” And, sure enough, the COVID-19 threat has given politicians another crisis to promote long-sought policy goals. Some are calling for a modern version of the New Deal, but is this a good idea? Setting … Continue reading The New Deal Made the Great Depression Worse. Let’s Not Repeat It
Some 100 million people in China are now back in lockdown as fears of a second wave surge. Now that the US and the rest of the world is opening up, the probability of infection will most likely go up, as will the number of infections. What does that mean for the economy? First, uncertainty … Continue reading Can the Economy Withstand a Second Round of COVID-19?
The stimulus checks are out, and it seems that more are on their way. Every time there is a recession or even an economic slowdown, there always seems to be a cry from the political class that, “We need to stimulate the economy.” Now why is that? Is it because they are so altruistic? Politicians … Continue reading Why Government Stimulus Is Bad Policy
The coronavirus is negatively impacting the economy and will leave lots of damage in its wake. Most of us in the private sector are feeling pain that will only be exacerbated in the future. The recession-to-come will cause a major restructuring of our economy with many businesses going bankrupt and workers left unemployed. Our government … Continue reading Government Should Not Be Spared from the Austerity It Is Inflicting on Society
The World Trade Organization recently reported that half of its member countries currently imposing coronavirus pandemic-related export-control restrictions were not reporting those controls. The report highlighted the lack of transparency and long-term risks that shortsighted restrictions pose to trade flows and global supply chains. In particular, the World Trade Organization report noted, “80 countries and separate customs territories … Continue reading Why Trade Freedom Will Be Key to Post-COVID-19 Global Economic Rebound
In a welcome surprise, the U.S. economy added 2.5 million jobs in May, and the unemployment rate fell by more than a full percentage point to 13.3%. Most economists had predicted the opposite, continued job losses, and soaring unemployment amid the ongoing coronavirus pandemic. The economy has halted its free fall. This good news is a sort … Continue reading May Jobs Report Shows Why More Government Isn’t the Answer for Economic Recovery
The federal government is moving into the final stages of its fiscal life. Deficits have gotten so enormous that the Federal Reserve simply prints the money the government needs. Why? Because that’s the only option left on the table. For years, we have warned that continued deficit spending would paint the Federal Reserve into a … Continue reading Massive Inflation May Be Coming, Because the US Government Has Cornered Itself into a Fiscal End Game
“Jesus Christ regarded money as ‘filthy lucre’ and the root of all evil!” pronounced a student at one of my campus lectures a few months ago. That’s not an uncommon view but it’s also manifestly erroneous—completely and utterly false. The student was responding to my lecture titled “Was Jesus a Socialist?”, based on a short … Continue reading Did Jesus Despise Money?
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