George Will, in a column about how no one really knows what they are doing in trying to fix the economy, points out the role of metaphors in our economic thinking: Economic policymaking in turbulent times is a science of single instances, meaning no science
Thanks to Tickletext for this pertinent and timely quotation from Augustine: “Many weep with the weeping of Babylon, because they rejoice also with the joy of Babylon. When men rejoice at gains and weep at losses, both are of Babylon. You ought to weep, but
The House passed the $819 billion bailout bill. Not a single Republican voted for it. That means the Democrats own it. If it succeeds in getting the economy on track, they get the credit. If it doesn’t, Republicans can tell America they told us so.
More benefits from the bad economy. Inflation slows to half-century low in 2008: Inflation slowed to a half-century low last year and industrial output fell for the first time since 2002, data showed on Friday, as the recession deepened toward year-end, raising the specter of
Someone explain what happened here, as reported on the Touchstone blog: A Japanese Lutheran scholar, who qualified first as a Shinto priest, has said he became a Christian thanks to his Shinto teacher. “The teacher said to me, ‘As a religion, Christianity is the greatest.
Finally a line of clothing that I’d really like to have! President Obama Wears Bullet-Resistant Suit at Inaugural: According to some reports, he wore a suit made by a clothier specializing in bullet-resistant clothing during the inauguration ceremonies. While no one from the U.S. Secret
Do you remember Mad Magazine? I sure do. Stumbling upon it as a kid was a whole revelation to me, showing that it was possible to make fun of the commercials, TV shows, and foibles of my time. It was a subversive epiphany that it
Novelist John Updike died of lung cancer at age 76. One of the most acclaimed of contemporary American authors, Updike was raised a Lutheran. An active church member all of his life, he had sojourns in the Christian existentialism of Kierkegaard and the neo-orthodoxy of
Seven Stanzas at Easter by John Updike Make no mistake: if He rose at all it was as His body; if the cells’ dissolution did not reverse, the molecules reknit, the amino acids rekindle, the Church will fall. It was not as the flowers, each
Republicans trying to help the economy have pushed for “trickle down economics.” That is, help businesses, who, in turn, will hire more people, which will increase prosperity for all. Democrats tend to favor what we might term “seep up economics.” (Hey, maybe there is my
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