In the book, Return to Order: From a Frenzied Economy to an Organic Christian Society—Where We’ve Been, How We Got Here, and Where We Need to Go, we propose an organic Christian society as a remedy to the present economic crisis. The words “organic” and “Christian” have been misused to such an extent that it … Read more
For years, the buzz-word in financial markets has been “quantitative easing,” better known as QE. Through the QE cure-all, the Federal Reserve pumped hundreds of billions of dollars into the economy by buying bonds. Those in charge of this money-printing operation have claimed that it stimulated the American economy and kept interest rates low. Others … Read more
There are eighteen trillion reasons to fear for the future. Eighteen trillion of anything is a fearsome number. It suggests something beyond comprehension and outside the realm of reality. The number becomes even more unreal when it is attached to reasons. It boggles the mind since no one can actually reason in such terms. However, … Read more
The first warning was pretty clear. Back in May, a group of central bankers and financial analysts met together in Basel, Switzerland and issued a report on the dire state of the world economy. The 2014 annual report of the Bank of International Settlements then claimed that the present climate is as fragile and volatile … Read more
The theory of just price is often misrepresented by those who oppose the idea. They like to say that including justice as a factor in the determining of prices is contrary to free markets. They imagine just price to mean the setting up of an economic tyranny where prices were set in stone and merchants … Read more
Prof. Richard Stivers explains the paradox of modern mass society that on the one hand seems highly individualistic and on the other hand strongly collectivistic. Already in the nineteenth century, the individual became disconnected from the local community and extended family that normally served to give him an identity inside the context of community. The … Read more
Speculation on the market has always been dangerous business for the uninformed. Edward Chancellor writes about the activities of nineteenth century speculator Daniel Drew who manipulated the market with great ability. Chancellor writes that, “Male or female, rich or poor, healthy or infirm, the vast majority of speculators were necessarily outsiders, mere fodder for the … Read more
The child can have no better guardian than the family which watches over him more than any state agency can do. Carle Zimmerman notes: “The parent who prevents a baby from swallowing a safety pin, keeps him from high places, warns a child daily about crossing the street, and inspects the evacuation functions of a … Read more
Historically, gold was in very short supply in Europe and was hardly the basis for money. Thus, the role of precious metals in money was very limited as can be seen by the affirmation of David Hackett Fischer: “The supply of these precious metals was relatively small in the medieval West. Scholars have estimated that … Read more
Before the advent of systematized law, there was no class of lawyers, professional legal literature or official judiciary. Law consisted of primitive rules embedded in society, religion and folk customs. Not even the Romans, famous for their legal codes, had developed a formal system of law and concepts. It was only in the late eleventh … Read more
