I could title this post “The Jubilee Factor” because it is a simple observation about the teaching of the biblical Jubilee and how it speaks to the current world financial crisis. So, what is the Jubilee? The Jubilee year (Leviticus 25:11-13) is the year at the end of seven cycles of Sabbatical years, and...
In hindsight, I’d like to offer an alternative analysis of the Great Recession (2008/2009): Real estate tycoons created a way to sell swamp land across the world. They bundled the swamp into the lawns of regular homes, which they sold as investments. The new real estate swamp investments created a housing bubble, and everyone...
So, Bernard Madoff pled guilty and will go to jail. Not only do we taxpayers have to pay for his crime, but now we have to pay for his food and rent for the rest of his life. But that’s not the real problem. The problem is that Madoff is a scapegoat who is...
Something is very wrong, and the “authorities” are unlikely to fix it. Ostensibly, it is a financial crisis, and the financial world is surely a wreck. But the question we haven’t dealt with yet pertains to the kind of crisis we are in. If it is a financial crisis, then a financial fix will...
Ad fontes—to the source! “Holy Cow, Batman! What about the credit crisis?” “Well, Robin, it’s not really about money.” “Not about money?! Then what is the problem?” “Some say it is a credit crisis. Some say its a lack of market confidence, that people need to trust the market. But I say, ad fontes.”...
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