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Category: Macroeconomics

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Dates
- May 2025
- April 2025

I
Infrastructure Without Inhabitants – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
May 27, 2025 by christianhartselle
The Hebrew Scriptures tell us when King David captured the cities of the Ammonites, he ordered its residents “…to work with saws and iron picks and iron axes, or sent them to the brickworks.” (2 Samuel 12:31 NRSV) Although biblical scholars offer various interpretations, it appears to us the King set his captives on a […]

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S
Spring, Freedom, and Economics – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
May 8, 2025 by christianhartselle
Spring is the time of year when many cultures celebrate rebirth and freedom from oppression. Christians celebrate Easter, Jews celebrate Passover, and Chinese and many other cultures have Spring Festivals. What does economics have to do with freedom and rebirth? Economist Joseph Schumpeter’s celebrated theory of creative destruction comes to mind. Schumpeter saw modern market […]

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R
Robbing Banks for Your Own Money: Lebanon’s Financial Tragedy – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
May 7, 2025 by christianhartselle
Originally written on 3/14/2023 Fear and trepidation are normal responses to a banking crisis. The impact of the collapse and subsequent government takeover of Silicon Valley and Signature Bank are not fully known. At the time of this writing there has been no widespread panic in financial markets. Many nations endure banking crisis. Our professional […]

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T
The Market Roots of a Homegrown Meal – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
There is something very satisfying about food from one’s own home garden. The gardener enjoys the produce of his own hands. He escapes the dreary dependence on others and achieves a sense of independence and self-reliance. Bohanon reveled in that feeling last weekend when he harvested eight pounds of mustard greens from his small garden […]

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E
Exact economic estimates merit your skepticism – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
Originally written on 11/7/2022 In his new book, Economist Russ Roberts writes about tame and wild problems. Tame problems are well-defined and predictable, and wild problems are loosely defined and unpredictable. The moon landing was a tame problem. Though it was difficult, it was a defined and predictable use of science, engineering, and rational thought. […]

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T
This Thanksgiving, there’s plenty to be grateful for – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
Originally written on 11/22/2022 During the dark days of the Civil War and while probably experiencing depression, Abraham Lincoln declared a day of Thanksgiving for the bounties and blessings Providence provided. Many countries and cultures have harvest festivals and thanksgiving feasts to express thanks. Philosophers, religious leaders, and scientists throughout the ages have discussed how […]

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