Tag Archives: money

The Morality of Capitalism

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The Myth of the Robber Barons with Burt Folsom

[HT Markets & Economy]

Politically Incorrect Guide to Capitalism by Robert P. Murphy

What the debt debate is really about

Everyone is talking about the present debt ceiling debate, but few people are talking about the root of the issue. Why is it that our nation spends more than it receives in taxes?

Here are a couple of issues which outline the root of the issue, our fractional reserve banking system:

And is a rather hilarious version:

This is what the debt ceiling debate is really about. What is amazing is that people who are for raising the debt limit are actually for inflation. Its a sadomasochistic state of affairs. Liberals get people hooked on money that isn’t theirs, it doesn’t exist actually, and through that addiction they get them to support the system of printing money without end.

Who is hurt the most in this scheme? The poor. It is difficult, if not impossible, to build wealth if your wealth’s value is constantly depreciated.

Free to choose – The Power of the Market

From freetochoose.tv

God, Capitalism, and you

[HT Wintery Knight]

Book Review: Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem

In a presentation sponsored by the Heritage Foundation, Jay Richards presents the major themes from his excellent book, Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem.

In his book, Jay explores the question of why Christians should care about economics and why he believes capitalism is the best economic system we’ve come up with so far.

In his opening Jay makes the point that while many people talk about fighting poverty, few people employ their minds in coming up with permanent solutions. Instead, Jay argues, we are all too often content to dole out handouts to those in need. While that may be necessary in emergency situations, it is not a sustainable long term solution.

In his book Jay argues that capitalism is the best means of lifting entire nations out of grinding poverty. If we are serious about helping the poor, we should encourage the spread of free market principles so that others can enjoy the rich blessings capitalism is known to provide.

Jay’s book is centered around addressing eight myths about capitalism. These myths include:

  • Can’t we build a just society?
  • What would Jesus do?
  • Doesn’t capitalism foster unfair competition?
  • If I become rich, won’t someone else become poor?
  • Isn’t capitalism based on greed?
  • Hasn’t Christianity always opposed capitalism?
  • Doesn’t capitalism lead to an ugly consumerist culture?
  • Are we going to use up all the resources?

In the last question Jay makes the case that capitalism is the best economic system for protecting the environment.

Overall I’ve found Jay’s book to be one of the most helpful resources in explaining to both Christians and non-Christians why capitalism is the solution and not the problem.

The day of (financial) reckoning

[HT Markets and Economy]