College is not a financial investment


James K.A. Smith casts a skeptical eye toward the latest figures allegedly showing the economic value of a college education. Smith, we should note, teaches philosophy at Calvin College, and this he has a personal stake in countering this idea of college as an “investment” in higher future income. It that’s what higher education is [Read More...]

Proclaim liberty throughout all the land

My plan for economic recovery is as all-American as the Liberty Bell and as “values-voter” friendly as the Ten Commandments. Here it is: Declare a year of Jubilee — “proclaim liberty throughout all the land unto all the inhabitants thereof.” And no, I’m not kidding. Neither are some economists, as Jennifer Ablan and Matthew Goldstein [Read More...]

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 [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 [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, [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. [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 [Read More...]