The Public School System Public education is mandatory and contains the same curriculum for all students as though they have no difference in talent, skills, and goals. Consequently, the public school system is rampant with problems such as ever-increasing taxes to pay, ever-increasing expenses, the millions of students who graduate with little or no skills needed to find gainful employment or advance to higher education, and the lack of discipline indicative of students who have no desire to attend...
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Showing posts from August, 2021
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The Future is Uncertain With the unpredictability of human choice due to changing ideas, values, and natural phenomena it is impossible to predict the future, especially in terms of political economy. So why do so many economists, philosophers, and political scientists claim to have all the answers? They are simply not dealing in reality. The fact that humans act, makes political economy unpredictable. If economics and politics were predictable there would be no reason for humans to act. Murray Rothbard comes from the school of thou...
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Monetary History 2 A small increase in the quantity of money, even if intended to just match the increase in productivity or the economic growth rate “inevitably introduces malinvestment as those getting the new money put it to uses that only later recessions show to have been unproductive.” Free market competition in money gives the people, not the politicians, power over the monetary system. It is “a free people’s ultimate protection from spendthrift and untrustworthy government.” “The road to monetary destructio...
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Monetary History 1 The sponsor of the successful gold commission amendment was congressman Ron Paul of Texas. He is one of the leaders of the effort to establish a redeemable gold dollar and will serve on the commission along with public and private sector representatives. In the effort to clarify the issues involved and add some historical insights the current debate, Congressman Paul has written a booklet that is clear, elemental, enlightening. As he demonstrates, “The consequences of monetary d...
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Meltdown 2 Functional reserve means that private banks are forced to keep in their reserves only a part or a fraction of the money they borrow. This means that they can lend more than they received in cash, which technically makes them inherently bankrupt. By its monopoly right and having at disposition taxpayer money, central bank can always intervene and save or bailout these bankrupt banks. Moreover, by in institutionalizing this banking behavior it creates a phenomenon of m...
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Meltdown 1 The fixes are based on the false belief that the free-market economy has failed. The Federal Reserve and its manipulation of money and interest rates have failed. None of these can be blamed on the free-market, but that is not stopping news-paper columnists from doing so anyway. Keynesian so-called economists, led by Pa...
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The Calvinism and Politics 2 These authorities include: governments, family, and state. These three operate on the foundation of self-government, which requires that each man must submit directly to Jesus’ Lordship. The family is set apart to rule over the needs surrounding reproduction, food, clothing, shelter, and education. The church is set apart to rule over the spiritual needs of teaching and preaching the word of God and administering the sacraments. The state is set apart to defend its people and punish evil. There is Calvinism’s strength to transcend state boundaries and move free...
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Calvinism and Politics 1 John Calvin and Abraham Kuyper. Both of these men have shaped history and theology in important ways. Calvin’s work impacts a variety of topics: Politics, Science, art, and religion. His insights also include God’s sovereignty in the world, God-ordained spheres of authority, and God’s election of his people. Kuyper knew his own time well, and he had a great eye for what was to come. Learning from Kuyper offers us a chance to get a better picture of our world and how we can work to bring the gos...