Economics - Compelled to Move Forward

November 25, 2020July 12, 2021

TO WHAT SHALL I LIKEN THE KINGDOM OF GOD

Sometimes it seems helpful to codify what we really believe about God. While God’s Word provides us with numerous descriptions of His Kingdom, over the years I’ve found it helpful to define what I believe in the form of images that come to mind as I reflect on my experience, what I’ve truly taken to heart, and live within. So, for whatever its worth, for whatever you may glean from it, below is a set of five images or stories that answer: To what shall I liken the Kingdom of God? Who is this God? How do I relate to Him? What is the paradigm within which my life is couched?

November 10, 2020December 30, 2020

ADVANCING ADVERSARIES

While most of us have been preoccupied with the chaos unfolding here at home, given my protective instincts, I am compelled to warn of advancing adversaries around the globe. This may be the last thing people want to hear, but American foreign policy failures over the last thirty years, particularly America’s unilateral withdrawal from around the globe more recently, have provided adversaries with an opportunity to meaningfully strengthen their position. Under the mantle of “America First” we have weakened our alliances, self-inflicted a decline in our moral standing and economic potential, and allowed our security to ebb away from us at an accelerating rate. China’s economic strength, military capabilities, and expansionary posture have grown markedly. Russia, Iran, North Korea and strongmen around the globe have also significantly advanced their military capabilities and negotiating positions.

September 27, 2020November 8, 2020

THE TRUMP ECONOMY

According to a recent poll, 46% of Americans approve of the way Trump has handled the economy. People seem to believe that since jobs grew, unemployment came down, and the stock market and their 401k accounts rose, Trump must have done a good job. As a conservative, a Republican and a student of economics for over 40 years, I submit that these economic outcomes often happened in spite of Trump’s policies and that he mismanaged the economy to such an extent that he has sown significant long-term risks into our economic outlook. The principle drivers of the economy during Trump’s tenure have been four factors: deficit spending, low interest rates engineered by the Federal Reserve, a widening trade deficit and the pandemic.

August 20, 2020August 20, 2020

FALSE CHOICES AND LABELING

One aspect of American culture that has often surprised me is our tendency to put people into camps. You either believe in creation or evolution. You believe in a women’s right to choose or the right to life. You believe wearing a mask is imperative or it doesn’t matter. You either support Trump or you’re a “Trump-hater”. You predominantly support black lives matter or blue lives matter. You believe we must focus on growing the economy or protecting the environment. You believe “taking a knee” is a fit means of protesting police brutality or it’s disrespectful of our flag and country. You’re either part of the radical left or the far-right. This tendency to label and place others in camps has clearly grown with the rise of social media, news programming and divisive political rhetoric. Let me suggest that if we genuinely want to make meaningful progress on issues of faith, race, income inequality, healthcare, abortion, our environment, and education, it is imperative that we become purposeful in turning away from false choices and all the labels flying about, and look in earnest for just, pragmatic and compassionate solutions.

June 7, 2020June 26, 2020

CONSUMPTION VS CONSTRUCTION

Considering the accelerating decline of our nation, particularly as a pandemic, severe economic downturn and social unrest grip our nation, it occurs to me that what differentiates today from the 1930s is that our government is leading us further and further into consumption as a solution to what ails us verses constructively addressing the challenges before us.

March 23, 2020March 28, 2020

STRATEGIC INVESTING FOR A SUSTAINABLE RECOVERY

While our “leaders” in Washington and across much of corporate America have earned a torrent of disdain for what they have done and failed to do, given that such would produce little good, let me suggest as we wait to come out of this health crisis, we begin to look across the valley and set our sights on how to rebuild our economy. While politicians in Washington franticly enact one short term stimulus package after another, strategic investments should be funded to not only stimulate the economy in the short term but provide long term benefits for generations to come.

January 27, 2020January 30, 2020

IS THE ECONOMY REALLY DOING “GREAT”?

While many news outlets and the Trump Administration have been quick to repeatedly tell us the US economy is doing “Great”, data on what is undergirding the economy, and how most Americans are really doing, indicate that the economy really isn’t doing so “Great” after all. Sure GDP growth is doing pretty well, jobs are being created, and wealth is growing through gains in the stock and real estate markets, but the facts are that Trump and Republicans in Congress have spiked the punch bowl with $1 trillion per year of deficit spending, the Federal Reserve has been injecting roughly $120 billion per month into the banking system to keep interest rates from rising, and all while a great many people remain financially insecure and struggling.

November 7, 2019November 18, 2019

COMPASSION IN GOVERNANCE?

I’ve never been one of the sharper pencils in the box, but something that has perplexed me over the last three years is the support so many friends and colleagues have extended to Donald Trump and his policies. The Trump supporters I speak of are intelligent people of good will, whom I respect. And yet, one question continually confounds me: If you saw a man abusing women and children or an elderly person somewhere in public, would you not step in and do your utmost to stop it? I’m confident everyone I know would. And yet, for reasons apparently beyond me, people continue to support Trump despite a wealth of speech and conduct that runs counter to the values they espouse, and clear evidence that he drives policies that hurt millions of innocent people. Here are a few examples for your consideration.

October 8, 2018November 6, 2018

BEWARE OF FAUSTIAN BARGAINS

One thing about Faustian bargains, where we consciously choose to turn from the moral beliefs and values that define us, in favor of something we desire in the short term, is that they always end in tragedy. Just as Faust sold his soul for worldly pleasures, selling the moral basis of our lives to achieve short term goals, even noble ones, inevitably results in long term consequences far more dire then we ever imagined and leaves us broken and filled with regret.

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August 13, 2018November 3, 2018

ONE OF THE BEST INVESTMENTS EVER

One of the best investments we can ever make is not some great stock or real estate opportunity, but investing in preschool for our children and the children in our community. While investing in preschools probably sounds rather mundane, sometimes it’s the not so impressive or grand opportunities right under our noses that produce the sweetest and most lasting fruit. Research from distinguished universities not only confirm what we’d intuitively believe about how quality preschool experiences help children during their school years, they underscore benefits far beyond what most of us might imagine.

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