Plenty of Blame to Go Around

By -
As I mentioned a few posts back, I intend to post some quotes from, and comments, on Thomas Sowell's latest book, The Housing Boom and Bust.

One of the things I have appreciated about reading Sowell over the years is that he is not partisan in his assessment of the economic tomfoolery that our politicians are prone to. He subjects the policies of both Republicans and Democrats alike to scrutiny. Truth be told, however, the Democrats' big government approach to everything has hurried our economic collapse along faster than the Republicans' smaller big government.

Smaller big government?

Yes. The Republican party as a whole (although there are a few exceptions) has the same basic approach to government as the Democratic party - government involvement in education, healthcare, the economy, etc. is necessary, just not on quite as large a scale, and not quite in the same ways, as what the Democrats propose.

Back to Sowell. He points out that our current problems did not arise overnight.
There was no single dramatic event that set this off, the way the assassination of the Archduke Ferdinand set off the chain of events that led to the First World War or the way the arrest of political operatives committing burglary at the Watergate Hotel led to the resignation of President Richard Nixon. A whole series of very questionable decisions by many people, in many places over a period of years, built up the pressures that led to a sudden collapse of the housing market and of financial institutions that began to fall like dominoes as a result of investing in securities based on housing prices.
More to come...

Comments

Post a Comment

Popular posts from this blog

Why did Jesus say, "Don't Tell"?

By -
Why did Jesus tell the people he healed not to tell anyone? This is a curious thing, isn’t it? Especially in light of the fact that Jesus has commissioned us to make him known. We find that on several occasions during his earthly ministry that Jesus told the people whom he healed not to let anyone know about it. This was not always the case, however. For instance, when Jesus delivered the Gerasene demoniac from the power of Satan, and the man “begged that he might be with him… Jesus sent him away, saying, ‘Return to your home, and declare how much God has done for you’” (Lk. 8:38-39). So here’s one time, at least, when Jesus told a man to tell everyone. But on most other occasions he told people not to tell. In Matthew 9 we read about two blind men whom Jesus healed. It says, And their eyes were opened. And Jesus sternly warned them, “See that no one knows about it” (Matt 9:30). In the first chapter of Mark we read of a leper who was healed; and it says, Jesus sternly charged h...
Read more

The New Testament's most prolific authors

By -
Image
Have you ever wondered who the most prolific authors of the New Testament are? Well, wonder no more because here's the skinny: the top three by far are Luke, Paul, and John. Some people will perhaps be surprised to learn that Paul doesn’t stand at the head of the list. The claim is often made that he wrote most of the New Testament. Not so. To be sure, he wrote the most books , but Luke wrote the most words, although their totals are very close to each other. Together, the two men wrote just over half of the New Testament.  Of the 138,020 Greek words in the New Testament, Luke wrote 27.5 percent (37,932). Paul wrote 23.5 percent (32,408). If we take Hebrews to have been written by Paul—the traditional view, though opposed by the consensus of modern biblical scholarship—then the numbers are almost identical. The total number of words written by Paul rises to 37,361 (or 27.1 percent of the total).   For a break down of the numbers, see the two charts below. Click to e...
Read more

When your brother has something against you

By -
What does Jesus mean when he says in Matthew 5:23-24, “If you are offering your gift at the altar and there remember that your brother has something against you, leave your gift there before the altar and go. First be reconciled to your brother, and then come and offer your gift”? He’s referring to bringing a sacrifice or an offering to the temple to present as a gift to God as an act of worship. And he says that if while you are doing this you remember that someone has something against you, you must first go and make it right, or God will not find the act of worship acceptable. Now, I suppose the question largely has to do with what Jesus means when he speaks of someone “having something against you”. We should be very clear about this. He doesn’t mean that your worship is unacceptable to God just because your neighbor is upset with you, regardless of why he is upset. He means that your neighbor has a legitimate grievance against you because you have sinned against him. You h...
Read more