Seventy years ago, on January 8, 1950, one of the most famous economists of the 20th century passed away at the age of 66, Joseph A. Schumpeter. During and after his lifetime, he has been identified with two related ideas, the notion of the innovative entrepreneur and...
As Eisenhower predicted, there is no balance left, as U.S. policy is reduced to who we threaten, bomb, or occupy next. January 17 marks the 59th anniversary of President Dwight Eisenhower’s farewell speech to the nation. After eight years in the White House, just...
The Trump administration ran an Obamaesque budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012. The budget shortfall from January through December totaled $1.02 trillion,...
“’Saul, why do you persecute me?’ (Acts 22.7). This is the fundamental question. Christian conversion is our discovery that we are persecutors without knowing it. All participation in the scapegoat phenomenon is the same sin of the persecution of Christ. And all human...
One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks, finance...
Any conversation about American liberty should begin and end with the false notion that the United States Constitution was written for the purpose of protecting that liberty. The opposite of course is true. This was a document in the form of a contract written by...
President Trump’s decision earlier this month to assassinate Iran’s top military general on Iraqi soil – over the objection of the Iraqi government – has damaged the US relationship with its “ally” Iraq and set the region on the brink of war. Iran’s measured response...
With the U.S national debt currently sitting a little above 23 trillion, there is still a lot of debate about how we got here and whether or not this accumulation is sustainable. Most people in Congress responsible for the matter see it as a problem, stating that “we...
