Basic Economics Audio Lectures

Twelve audio lectures to accompany Basic Economics posted at My Freedom Frontier.   1: In the Beginning… 2: How to Make a Sandwich 3: Alleviating Tension in the Commons 4: The History of Money and Banking 5: The Federal Reserve and the Boom-Bust Cycle 6: The...
The Vanity of the Minimum Wage

The Vanity of the Minimum Wage

The recent popularity for governments at various levels to increase the minimum wage is overwhelming evidence of the immense economic ignorance that plagues our country. Not only that, such policies actually oppress the poor among us and ought, on that basis alone, to motivate Christians to vocally oppose such measures. Regrettably, we often find Christians actively supporting such rules. In doing so they falsely believe that their efforts to impose these regulations are charitable.

This needs some explanation of course. But, if we understand…

The Decline of Civility

The Decline of Civility

As the culture wars continue to rage, civility is on the decline. At root the battle for our culture pits those trying to save Western civilization against those seeking to replace it with a secularized vision of utopia. It should be noted that Western civilization...
Plundering Our Way to Prosperity?

Plundering Our Way to Prosperity?

We all face numerous obstacles in life. Many of these are natural. There are always limits to our time and understanding. We must overcome the problem of distance and our useful means are always limited. In fact, the very first principle of economics states that there...
The Minimum Wage:  An Island Tale

The Minimum Wage: An Island Tale

Consider three individuals who are living on an island. Imaginatively, let’s call them Gus, Carl, and Hillary. Now, through a lot of risky hard work climbing trees and picking fruit, Gus has accumulated quite a stash of coconuts. However, since Gus has been busy...
On Tithing and Taxes

On Tithing and Taxes

Hillary Clinton recently proposed changing the way long-term capital gains are taxed. This proposal prompted me to take a look back to see how capital gains have been taxed over the past 25 years. In doing this I discovered that the tax treatment of long-term capital...
Rule Makers Gone Wild

Rule Makers Gone Wild

Each year for the past twenty years Clyde Crews of the Competitive Enterprise Institute has updated his assessment of the federal regulatory government.[i] Over the course of that time span the various federal agencies have drafted over 81,000 final rules and...
On Limited Government

On Limited Government

Moral action requires choice. How can we say that one action is virtuous and another immoral, if the person acting has no choice in the matter? In an earlier post I argued along with Frederic Bastiat that liberty is the environment in which moral character is developed. Recognizing that this proposition must square with the fact that we live in a sinful world, I would like to further explore the purpose of government. Because of sin’s reality it is most certainly not government’s role to plan and control all of life since no one is fit for the task….

Affirming the Natural Law

On a recent trip to China I had the opportunity to give a lecture to a large class of freshmen and sophomore management students. There were around 225 students in attendance. As is my habit in such situations, I gave a lecture establishing the nature of private...

Economic Goods and the Problem of Greed

Human beings are purposeful actors. In our conscious selves we can all think of ends to pursue. However, to achieve our ends we must use the means ready at hand. These means are forever limited relative to the ends we can imagine and for this reason we must economize....

Searching for Security in a Risky World

Recent events highlight the fact that we live in a risky world. The terrorist bombing of the Boston marathon, the explosion of a fertilizer plant in Texas, and a massive earthquake in Iran are all examples of events that result in multiple deaths and injuries along...