“If one cares about our shrinking middle class and expansion of poverty, try a true free market. Get rid of the notion that well-managed capitalism with the Federal Reserve as the central economic planner is achievable. Forget the notion that progressive taxation is how you create wealth and distribute it fairly to the middle class. And please recognize that ownership of property and ourselves is the most basic human right conceivable. When we come to actually caring about the middle class, we will get rid of the FED, which is the super wealthy and structural poverty.”
-Ron Paul via (Ron Paul Channel
“…the fact that, just as natural phenomena are governed by immutable eternal laws, quite independent of human will and human laws, so in the sphere of economics there exist certain laws against which the will of man, and even the powerful will of the state, remain impotent; and that the flow of economic forces cannot, by artificial interference of societal control, be driven out of certain channels into which it is inevitably pressed by the force of economic laws. Such a law, among others, was considered to be that of supply and demand, which again and again had been observed to triumph over the attempts of powerful governments to render bread cheap in lean years by means of ‘unnatural’ price regulations, or to confer upon bad money the purchasing power of good money.” -Eugene Bohm-Bawerk (Control or Economic Law)
In the school of Economics, I am of the Austrian persuasion. In the philosophical tradition, I am of the continental/Thomist/Scholastic tradition, and it’s amazing how all of these traditions/schools of thought collide. I praise God for His truth found in all things. The April issue of the Free Market, it has a great write up on Carl Menger, and the string of influence that lead up to him and how he put the consumer at the center of economic science.
“Let others complain that the age is wicked; my complaint is that it is paltry; for it lacks passion. Men’s thoughts are thin and flimsy like lace, they are themselves pitiable like the lacemakers. The thoughts of their hearts are too paltry to be sinful. For a worm it might be regarded as a sin to harbor such thoughts, but not for a being made in the image of God. Their lusts are dull and sluggish, their passions sleepy…This is the reason my soul always turns back to the Old Testament and to Shakespeare. I feel that those who speak there are at least human beings: they hate, they love, they murder their enemies, and curse their descendants throughout all generations, they sin.”
-Søren Kierkegaard (Either/Or)
“Its statements and propositions are not derived from experience. They are, like those of logic and mathematics, a priori. They are not subject to verification and falsification on the ground of experience and facts. They are a necessary requirement of any intellectual grasp of historical events.”
“So, whether you eat or drink, or whatever you do, do all to the glory of God.” – 1 Corinthians 10:31
Most of the time on this blog I write about philosophy and theology. I’ve always pursued the Lord in where He would have me and what He would have me do that I may serve Him most faithfully for His kingdom.
Recently I’ve had somewhat of a revelation. Economics has always been a huge passion for me, and I need to be faithful to the Lord and begin committing myself to the calling of writing/teaching proper economics. More on this to come.
Grace and peace.
Tim Keller is my favorite teacher of the Word alive today. He has such great insight and has a gift of simplifying complex ideas into practical application.