Americans are moving from restrictive economies in California and New York to free economies in Texas and Florida, much like the Israelites escaped captivity in Egypt.Let’s Vote!I had five grandkids in the van recently, and we were trying to decide which park to visit. One of the ten-year-olds suggested energetically, “Let’s vote!” Where did an Ame…

There are Ten Reasons for Hope in the New Year I often explain that as an economist, I’m a pessimist, but as a Christian, I have hope. Hope is endemic to the Christian spirit and idea. We believe God is at work, even when the US debt clock shows that each individual’s share of the $34 trillion in national debt has increased from $85,000 to $100,000…

The market will take care of the woke problem in higher education, as consumers choose Christian colleges over corrupt state institutions. John Ellis wrote a fire-breathing editorial in the Wall Street Journal titled Higher Ed Has Become a Threat to America. Subtitled Our corrupt, radical universities feed every scourge from censorship and crime to…

December is Christian Month. It starts with Thanksgiving and ends with Christmas: the most celebrated holiday event in human history. December is Christian Month. It was not officially declared by any governmental entity. It doesn’t have to be. Just look around. It starts with Thanksgiving and ends with Christmas, the most celebrated holiday event …

Economics in 2023: we should not expect perfection on this side of heaven.Many people leave the church because they find that their fellow congregants are not perfect. We also hear complaints about the capitalist economy not perfectly serving everyone’s needs. The answer to both of these complaints is found at the root of the problem of all mankind…

Adam and Eve ate the apple because they wanted to be God. That desire has not gone away, and recently, we are seeing even more evidence of it.Our society is moving from “God to Government” and the implications don’t look great. WorldviewChristian Worldview to secular worldviewThe Christian Worldview says God created a perfect world, fallen humans h…

The Pilgrims tried socialism and it failed. Then private property led to so much prosperity that they hosted the first Thanksgiving. If you have enough to eat this Thanksgiving, you should be thankful for the private property system that produced the food. We live in the most prosperous, fruitful time in human history. Let’s take a brief look at ho…

Trade with China makes Americans richer, but China is likely using the profits from their exports to build a military that the US will fight someday. In the 19th century, if a sailor got too drunk in a port city, he might wake up the next day on a ship steaming toward Shanghai. The noun became a verb, and he had been “Shanghaied,” but in the curren…

School Choice: The rich already have the choice to send their children to any school they want. The poor should have the same choice. The rich should have a choice that the poor do not have. Really?! Think about it: The rich already HAVE school choice; they can send their kids to any expensive school they choose, but poor kids don’t have that choic…

The US Federal Government's annual expenses are $1.9 trillion more than its revenues. That's a violation of the eighth commandment, and it is economically unsustainable. You will be poorer every day, for the rest of your life, because the Biden administration has increased the national debt in the last three years. That’s the message I gave my soph…

Scarcity thinkers tell us we are running out of resources. But Christians believe our "Made in the image of God creativity" will continue to find new ways of preserving resources.One of my favorite questions to ask groups is to complete this sentence, “Life was better before we ran out of: _____” You’re right, there’s no answer. At least, in years …

The powerful religion of Karl Marx and of Islam leads to the powerful political system of totalitarianism, which leads to the powerful economic system of Marxism, which impoverishes its people. How we see God has a lot to do with how we see our fellow man. Belief – Politics - EconomicsWhen I wrote the curriculum for International Economics at Dalla…

American incomes are 3% more equal today than in 1947. That was the key data point from former Senator Phil Gramm’s recent speech about his new book, titled The Myth of American Inequality.Don’t CovetJust about every discussion that points out inequalities of outcomes is a violation of the tenth commandment against covetousness. From Thomas Pickett…

ChatGPT leans liberal and can be deceptive, but Christians should not be afraid of it; It’s simply another machine that will cause creative destruction that makes us economically richer. Toward the end of last semester, I wrote to my Dean in the College of Business, “I either have the best student in the history of our program, or he’s using ChatGP…

Our creativity comes from being made in the image of God. That creative innovation is best expressed in time-price, defined as how many hours we work to buy something. We're rich.Would you like to pay for your breakfast and get eight free? Wanna pay only 2% of your air conditioning bill? How about paying less than 5% of the marked price for a bicyc…

We can't make a perfect economic system. But we can make it better.God is perfect, we’re not. But that doesn’t stop people from striving for perfection. So how do we design an economic system for an imperfect world? That’s the subject of today’s podcast.There’s an article in the Wall Street Journal this week by Rachel Feintzeig titled “Try Hard, bu…

Christians are called to take care of widows and orphans, because in the agrarian economy of Biblical times, those were the people who didn’t own land, so they were not capable of economically providing for themselves. In the 21st century, we as individuals can care for the less fortunate by two very different economic systems: Competition or Regul…

“Supply causes demand” was the summary statement by the French economist Jean Baptiste Say. The Biden administration has supplied more than $500 million to alleviate homelessness, and demand for it went up 11%. The allotment will be quickly consumed by the Homeless Industrial Complex, who will be back at the Government feeding trough for more, fast…

During his testimony in front of the Judiciary Committee, John Durham had a powerful response to the attack on his reputation: “My concern about my reputation is with the people who I respect and my family and my Lord." Are we as a nation comfortable with our economic reputation under the current "Bidenomics"?During a recent Congressional testimony…

People are living longer, and it's shaking up the world of money. A Wall Street Journal piece shows that as we age, we stack up more cash. But, with longer lives come bigger economic questions.“You will have a long life on the earth.” This promise which accompanies the fifth commandment about honoring your father and mother is becoming more true al…

As long as the fallen nature produces unlimited wants, and the creative nature has unlimited creativity, there will be unlimited employment. The Bureau of Labor Statistics published a report last year, projecting huge losses in three occupational groups: Administrative assistants, production, and sales. Change is good. The old adage, “You will get …