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What Is "Affluent Investor"?
  • Puritans vs. Capitalism: How A Theological Error Led To Financial Stagnation

    The standard academic story is that capitalism came roaring out of the Protestant Reformation and was carried to America on something called ‘the Puritan work ethic’. But that story is wrong and if you don’t understand what really happened, you won’t properly understand the religious nor economic aspects of the rise of America, nor the factors which threaten to cause […]

    Puritans vs. Capitalism: How A Theological Error Led To Financial Stagnation
  • Are Churches Economically Consequential?

    The big question I've been mulling around recently is this: Are churches economically consequential? Should they be? Look at the typical American church and ask, if that church disappeared from the community it's in, how affected would that community be? How would the unemployment rate change? Entrepreneurship rates? Output? Job growth? Innovation? Economic growth? I think that churches are supposed to […]

    Are Churches Economically Consequential?
  • Lean In, or Butt Out

    One of the promising things I saw about women getting more involved in the top leadership echelons of business is that they would bring something new and better: greater caution about risky behavior, more relational sensitivity -- that they would bring something distinct to the table, genuine diversity. The research indicates that they tend to do this. But what happens […]

    Photo by Getty Images
  • Recent College Graduates Slacking in Income Growth

    Time to throw out all the brochure-based projections. Recent college grads now have lower income growth rates than the general public. Isn't the whole point that, yes, you deferred earning for 5 years and, yes, you start at a lower wage rate than your friends who've been working for the past 5 years and getting raises and, yes, you're drowning […]

    Photo by Nate Shron / Getty Images
  • Inflation's Real Cause

    According to Pimco's new Chief Economist, Paul McCulley, the Fed's war against inflation has been won! But, before we get out our party hats and plan the tickertape parade, we have to ask ourselves -- for the past 27 years have we really been at war with inflation? Yes, during the late 1970s and early 80s a different Paul (Paul […]

    Photo by Andrew Harrer / Getty Images

More Commentary

Puritans vs. Capitalism: How A Theological Error Led To Financial Stagnation

Puritans vs. Capitalism: How A Theological Error Led To Financial Stagnation

The standard academic story is that capitalism came roaring out of the Protestant Reformation and was carried to America on something called ‘the Puritan work ethic’. But that story is wrong and if you don’t understand what really happened, you won’t properly understand the religious nor economic aspects of the rise of America, nor the factors which threaten to cause […]

Read more ›
Are Churches Economically Consequential?

Are Churches Economically Consequential?

The big question I've been mulling around recently is this: Are churches economically consequential? Should they be? Look at the typical American church and ask, if that church disappeared from the community it's in, how affected would that community be? How would the unemployment rate change? Entrepreneurship rates? Output? Job growth? Innovation? Economic growth? I think that churches are supposed to […]

Read more ›
Photo by Getty Images

Lean In, or Butt Out

One of the promising things I saw about women getting more involved in the top leadership echelons of business is that they would bring something new and better: greater caution about risky behavior, more relational sensitivity -- that they would bring something distinct to the table, genuine diversity. The research indicates that they tend to do this. But what happens […]

Read more ›
Photo by Nate Shron / Getty Images

Recent College Graduates Slacking in Income Growth

Time to throw out all the brochure-based projections. Recent college grads now have lower income growth rates than the general public. Isn't the whole point that, yes, you deferred earning for 5 years and, yes, you start at a lower wage rate than your friends who've been working for the past 5 years and getting raises and, yes, you're drowning […]

Read more ›
Photo by Andrew Harrer / Getty Images

Inflation's Real Cause

According to Pimco's new Chief Economist, Paul McCulley, the Fed's war against inflation has been won! But, before we get out our party hats and plan the tickertape parade, we have to ask ourselves -- for the past 27 years have we really been at war with inflation? Yes, during the late 1970s and early 80s a different Paul (Paul […]

Read more ›
Photo by Mark Wilson / Getty Images

The Suicide of the Dollar: How A Legally Dubious 9 Billion Dollar Punishment from Eric Holder Endangers Us All

The Justice Department under Eric Holder just imposed a massive 9 billion dollar penalty on French company BNP Paribas, for violating trade sanctions which France does not recognize. These huge, 9bn-type fines imposed by the Obama administration on foreign companies for violating US law (even when the actions were not done here, and were legal in the domicile country in which […]

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Photo by Scott Eells / Getty Images

Pimco Steals AIG's Playbook

Pimco is putting all its chips on the table, betting that low interest rates, along with lower and more stable global growth, will last for the next 3 to 5 years; an economic condition it is referring to as the "new neutral." In fact, the company is so convinced of this "sure thing," it's placing a straight bet -- selling insurance […]

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