rule of money Archives - Page 12 of 13 -

What Is Meant By An Inorganic Society?

by April 11, 2017December 15, 2012

What would an inorganic society be like? Free Audio 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 It would resemble a machine. That is to say, all its parts would be moved by the will of a … Read more

While Supplies Last

by John Horvat II July 2, 2018December 12, 2012

By Norman Fulkerson * The biggest shopping day of the year, known as “Black Friday,” has now invaded the most family-centered holiday. The electrifying shop-till-you-drop excursion formerly began in the wee hours of the morning after Thanksgiving. It eventually crept up to midnight of the same day and this year stores such as Wal-Mart, Target, … Read more

High-Frequency Trading: Markets on Steroids

by John Horvat II November 21, 2013November 27, 2012

The purpose of the stock market is to provide liquidity to investors who know with certainty that they can buy and sell their shares at any time. In this way, the market serves as a constant encouragement to invest capital in sectors of the economy while limiting risks. Thus, the market fulfills a need in society and can contribute to economic prosperity.

However, it is no secret that the stock market has often favored reckless activities and speculation that depart from this purpose. It has given rise to crashes, manias and panics that turns this instrument of sound investment into a financial casino where everyone plays the market in hopes of cashing in at the right moment. Stockbrokers are always coming up with new ways to beat the market. Such practices are perfect examples of what has been called frenetic intemperance – a reckless and restless spirit inside modern economy that seeks to throw off all restraint.

Embedding Honor in Society, Restoring Trust

by John Horvat II April 11, 2017November 26, 2012

We must ask how a rule of honor can be restored. To this we would reply: fill society with principles, ideas and moral values and the influence of the rule of money will greatly diminish. Free Audio Book: Return to Order: From a Frenzied Economy to an Organic Christian Society—Where We’ve Been, How We Got … Read more

Cryonics: An Example of the False Promises of Technology

by John Horvat II November 21, 2013November 24, 2012

At the time of the Industrial Revolution of the nineteenth century, technology awakened great expectations and enthusiasm. The prospect of a kind of technological utopia electrified the air. There was a subconscious yet unbounded confidence in technology, vaguely analogous to the absolute confidence that Christians once placed in Divine Providence. So great was the hope … Read more

We Must Resist the Temptation to Secession

by John Horvat II June 14, 2016November 20, 2012

In face of the great discontent with the current economic and moral crisis we must resist the temptation to simply write off the present system with all its problems. We must avoid the defeatist attitude of those who advocate isolating themselves from society and awaiting better days. In individualist fashion, they would take care of … Read more

The Case Against Secession

by John Horvat II November 21, 2013November 16, 2012

I can understand the angst of many Americans after the last elections. There is the growing sensation that government is not responsive anymore to the needs and desires of countless citizens in the vast red-state heartland.

Many want out and see secession from the Union as a way to leave the problem behind. Others simply want to register their protest and as a knee jerk reaction signed one of the numerous petitions asking for secession. All this is understandable – although if one’s problem with the government has reached the point of asking for secession, the last place I would want my name is on a petition lodged on the databases of the White House’s computers.

While I can understand the frustration, I take issue with secession for several reasons. The first is because I do not think it will resolve the problem. I am only too willing to admit that the federal government inside the beltway leaves much to be desired. However, our federal legislators come from the states. The main problem lies with the insufficiency of our whole political class and it extends across state lines. The dearth of leadership we experience is universal. I do not see any guarantees that the problems that are the cause of so much frustration on the federal level will not repeat themselves on the state level. Exchanging one set of federal unresponsive leaders for a set of similar state leaders hardly seems a solution.

The Credit Binge: An Example of Frenetic Intemperance

by November 21, 2013November 12, 2012

A concrete example of frenetic intemperance can be seen on the part of consumers who seek to free themselves from all restraints so as to gratify instantly their desires.

The most common manifestation of this can be found in the explosion of easy credit. According to marketing professor James A. Roberts, the average American consumer has a total of thirteen credit obligations which include mortgages, car loans, student loans and an average of nine credit cards (including store cards).

This is the Vice that Drags Down our Economy

by November 29, 2016November 10, 2012

Frenetic intemperance is a term we coined to describe a restless and reckless spirit inside certain sectors of modern economy that foments a drive to throw off legitimate restraints and gratify all desires.

Perhaps the most obvious example of frenetic intemperance is that of the speculative
bubble of the 2008 sub-prime mortgage crisis. It is a textbook case of what can go wrong in modern economy.

Free 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

Financial Crisis

What happened during this crisis? All the parties involved simply threw caution to the wind and succumbed to spirit of reckless abandon. Homebuyers took out loans, which were called them “liar loans” since the prospect did not have to provide proofs for the information on the loan application. These homebuyers took out these loans without any money down and sufficient income to pay.
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Bankers and mortgage companies recklessly extended loans to prospects knowing them to be risky and even encouraging risks to make more profits by selling them to brokers. Brokers bundled up these mortgages and sold them to investors knowing that many of them were risky or “sub-prime.” Many brokers simply did not care about these dangers since they merely charged brokerage fees and passed the risk on to investors.

What Happened on Election Day

by John Horvat II January 19, 2017November 9, 2012

Usually we go to polls to decide which of the two parties will best represent us as a nation. However, on this Election Day, it was as if two nations battled it out and we decided on which one would rule over the other.

This is something that has been building up for decades. The red and blue states have solidified into defined regions to the point we have grown accustomed to seeing maps of our vast red heartland and our blue-spotted urban seaboards. In addition, a Culture War has long divided the nation over the hot button issues of abortion and homosexuality.

However, in past elections, there was a concerted attempt to patch over these differences. Back then, we had recourse to an American consensus that says that despite our differences we must all get along. It used to be that everyone tried to speak in a common patriotic language and follow a vaguely universal American culture. It was always believed that if everyone could just rally in their own way around the triple banner of God, family and country, we could happily remain one indivisible nation.