Category: Economics

Who is King in Our Economy?

“They traded with you in choice garments, in clothes of blue and embroidered work, and in carpets of many colors and tightly wound cords, which were among your merchandise” (Ezekiel 27:24 New…

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A 10-Year Anniversary, but No Celebration

Ten years ago, in September of 2008, Lehman Brothers, the large investment bank, declared bankruptcy and thousands of people lost their jobs.  At that time, there were widespread fears that the entire…

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The Smorgasbord Effect in Economics

“So, whether you eat or drink or whatever you do, do it all for the glory of God.” (1 Corinthians 10:31 NIV) Smorgasbord restaurants, though not as common as in the past,…

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The Unintended Consequences of Regulatory Change

“For lack of guidance, a nation falls, but victory is won through many advisers” (Proverbs 11:14, New International Version) In response to the financial crisis of 2007 and 2008 and the onset…

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Innovation: The Powerful Cure for Fighting the “Competitive Scrum”

“No one sews a piece of unshrunk cloth on an old garment. If he does, the patch tears away from it, the new from the old, and a worse tear is made.…

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Economic Freedom Includes the Freedom to Fail

“And because he was a tentmaker as they were, he stayed and worked with them.”                                   ~ Acts 18:3 (NIV) The free enterprise system enables all of us to pursue our own…

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Entering the SHARE Economy

What do marketers mean by saying we are entering the SHARE ECONOMY?  We have successfully (or not so successfully) moved to a SERVICE ECONOMY, but what is next?  America has been transformed…

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An Economic Lesson from a Bag of Potato Chips!

“The hardworking farmer must be the first to partake of the crops.” ~ 2 Timothy 2:6 (New King James Version) The next time you purchase a bag of potato chips from the…

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Incentives are important, but…

Scripture: Psalm 24:1, 100:3; Luke 6:38; Rom. 14:12; 1 Cor. 4:2; Col. 1:16; Eph. 6:7 One of the first statements in most economics textbooks is that incentives are important for understanding behavior.…

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Post Scarcity Series, Part II: The Exponential Age

By the law of our nature which makes food necessary to the life of man, the effects of these two unequal powers must be kept equal. This implies a strong and constantly…

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