Wise Economic Advice From the Bible

Alex Tabarrok argues for an unbalanced budget amendment and gives a fairly insightful source from the Bible. “In the Bible, Joseph doesn’t advise the Pharaoh to balance the budget instead he tells the Pharaoh, save during the seven fat years so you are prepared for the seven lean. An unbalanced budget amendment reflects this simple and ancient wisdom.” The … Continue reading Wise Economic Advice From the Bible

Lets Talk Debt

Back in 2008-9 during the passage of TARP and other emergency liquidity injections my economics teacher at the time asked, “The banks are getting bailed out by the government, but who will bail out the government?” Now that the most recent liquidity crisis (as Keith Hennessey calls it) has been averted, many might say that … Continue reading Lets Talk Debt

Sarah Palin: Or How I Learned to Stop Worrying and Keep Unqualified Political Opinions to Myself

I’m about as Republican as they come, but Sarah Palin excels at getting on my nerves. When she first burst onto the political scene in 2008, she was viewed as a sort of hayseed, salt o’ the earth soccer mom cum VP contender. It became immediately obvious that despite her spunk, Sarah Palin didn’t really … Continue reading Sarah Palin: Or How I Learned to Stop Worrying and Keep Unqualified Political Opinions to Myself