Both Islamic and Christian Scriptures strictly forbid anyone charging interest. Why do Muslims obey devoutly, but Christians disobey flagrantly? Spoiler. Westerners were offered a deal they couldn’t refuse. Scrap that particular prohibition on financial exploitation — and we’ll give you riches beyond your wildest dreams. “Ban, what ban? Gimme the goodies!” I’ll start with Christian…… Continue reading Interest: Why Do We Disobey?
There’s a piece in the Bible (Thessalonians II) that goes, “He who does not work, neither shall he eat.” And then there are tons of people nowadays who misinterpret that, claiming it was aimed at welfare bums — as if welfare benefits even existed in the ancient Middle East. The only able-bodied people not working…… Continue reading The Rentier Economy
Believe it or not, I’m going to trash Bitcoin on spiritual grounds. Is there no limit to my irreverence? Most people know almost nothing about bitcoin and the bewildering array of cryptocurrencies that are swirling around it now. Even for computer nerds like me, it’s a serious struggle to get a handle on it, and…… Continue reading Beware of Bitcoin
It was the end of World War Two. The U.S. was emerging as the dominant power in the aftermath. But there was a worry that the predatory free-for-all that ensued from World War One and led to World War Two would raise its ugly head again — and just create a another new era of…… Continue reading Hijacking World Finance
I’ve written about freedom before, where I began by presenting some ideas from William Cavanaugh’s book Being Consumed, in a post called Economics and Freedom. Then later I threw my own quirky economic ideas into the mix with another post called Fake Freedom. But now I’m tackling a formidable French author, Jacques Ellul, on the…… Continue reading Radical Freedom
We have to stop looking at the food bank as a place that keeps the destitute alive — keeps them out of sight over there, so we can feel good about ourselves over here. We have to stop looking at food bank recipients as society’s lost souls, cast aside with little left to contribute to…… Continue reading More Than Food Banks
How does one approach economic freedom from a moral perspective? Obviously it’s not enough to say, “Freedom means I can do anything I want, and nobody can stop me!”. But is it enough just to add the following proviso? “I should not exercise my freedom in a way that prevents others from exercising their own…… Continue reading Fake Freedom