The only way to cultivate and fill the earth without descending into a barbaric struggle for survival is to take advantage of the social division of labor, capital accumulation and wise entrepreneurship. Allowing these sources of economic progress to flourish requires the security provided by peace and private property sustained by and combined with cultural values such as a forsaking of theft and low social time preferences.Shawn Ritenour on Why Economics Should Be Important for Christians. The complete article is worth a read.
Financial Markets
-
I have been puzzled why financial markets have been so slow to react to the
US/Israeli attack on Iran, and the subsequent closure of the Straits of
Hormu...
2 weeks ago

No comments:
Post a Comment