Sept. 30, 1934, Fireside Chat, President Franklin D. Roosevelt

To those who say that our expenditures for Public Works and other means for recovery are a waste that we cannot afford, I answer that no country, however rich, can afford the waste of its human resources. Demoralization caused by vast unemployment is our greatest extravagance. Morally, it is the greatest menace to our social order. Some people try to tell me that we must make up our minds that for the future we shall permanently have millions of unemployed just as other countries have had them … [Read more...]

'Nobody in this country got rich on his own'

That'll preach. … [Read more...]

Mark Speese, Queen of putrescence

This is not a post about government regulations or legal consumer protections. Nor is this a post about financial education, personal responsibility and helping the working poor to make smarter choices. What this post is about, rather, is this: That's Margery Mason in The Princess Bride, in a role listed in the credits as "The Ancient Booer." And I would like to see her greeting of Princess Buttercup here become a relentlessly familiar scene for Troy Aikman and Mark Speese. Aikman you may … [Read more...]

When the free market gives you free money, take it

The U.S. Mint has been trying to promote the use of $1 coins, offering free shipping to those who "purchase" large quantities of the more durable, more efficient currency. Some credit card banks promote the use of their cards by offering frequent flyer bonus miles as a reward. The more you purchase with those cards, the more bonus miles you collect. If you already see where this is going, then you're a step ahead of the banks, the airlines and the mint -- all of which were caught off-guard … [Read more...]

Unlike conservatives, I'm in favor of economic growth

A handful of items worth repeating, and worth following the links to read in full: Nobel laureate Peter Diamond: Infrastructure spending is not a vehicle for dealing with a normal recession. But once you recognize this recovery will be slow, you realize this is a time when we should be doing major spending on infrastructure. And a lot of the infrastructure investments are stuff we’re going to have to deal with eventually, so doing it now doesn’t actually add to the trend debt problem, and … [Read more...]

There is nothing new under the sun

From John Chrysostom's 21st homily on 1 Corinthians: It is foolishness and a public madness to fill the cupboards with clothing and allow men who are created in God's image and likeness to stand naked and trembling with cold, so that they can hardly hold themselves upright. Yes, you say, he is cheating and he is only pretending to be weak and trembling. What! Do you not fear that lightning from Heaven will fall on you for this word? Indeed, forgive me, but I almost burst from anger. Only see, … [Read more...]

To whom much has been given

From everyone to whom much has been given, much will be required; and from one to whom much has been entrusted, even more will be demanded. Karoli's post -- "Rick Warren, What Were You Thinking?" -- is spot on and she deserves kudos for actually prompting a response from Warren, albeit a clumsily defensive one. The only thing I'd quibble with is the rhetorical question in that title. It's obvious what he was thinking. There isn't more than one possibility about what someone might be thinking … [Read more...]

Rick Warren and The Purpose-Driven Lie

Via David Atkins at Hullabaloo: Yesterday famed "Christian" pastor Rick Warren, wealthy author and megachurch leader, tweeted the following: HALF of America pays NO taxes. Zero. So they're happy for tax rates to be raised on the other half that DOES pay any taxes. Stupid or evil? Both. That's such an old lie, told so often by old liars and debunked so frequently that Warren can't have believed it unless he had spent the previous three decades somewhere with no television, no radio, no … [Read more...]