AboutProf. Reuven Brenner, Author at Affluent Christian Investor
Lost in Translations: If Only People Read the Bible in Original, There May Have Been No Subprime
The Bible does not prohibit lending or borrowing: It prohibits asking interest from the poor, which makes sense. Poor people have no collateral. They have no income, no jobs, no assets, no prospects – this is what defines being “poor.”
Why Bitcoins Won’t Become “Money”
In his book Money Mischief, Milton Friedman reported the well-known story of the monetary system of a small island in Micronesia. At the end of the 19th century, the inhabitants used stone wheels as a medium of exchange and … Read More
The Middle Class is Disappearing Because the Vital Few are Under Attack
In an interview over the summer, Mr. Obama correctly emphasized both that “upside mobility was part and parcel of who we were as Americans” and also that such mobility has been “eroding over the last 20, 30 years, well … Read More
Lessons from Israel on How to Bring Back the Vital Few and the US Middle Class
Picking up where we left in my previous article: The U.S. does have options. One is to offer a package of taxes and benefits sufficiently exceeding what’s offered elsewhere in order to bring more talent and capital to its shores. … Read More
Accelerated and Selective Learning
It is not difficult to further illustrate that restructuring post-secondary education would not affect the quality of learning. Consider this: in many years over the last few decades, accounting is among undergrads’ top choices at business schools. Do students specializing … Read More
How Our Education System Fell into Decline
Sixty-three percent of employers said that recent college graduates don’t have the skills they need to succeed, the Association of American Colleges and Universities found in 2010. A separate survey showed that 25 percent of employers say that entry-level writing … Read More
Accelerated Learning Would Add Trillions of Dollars in Wealth
If students could complete their education a year faster, the many benefits would include increased personal wealth, decreased government spending, and more sustainable entitlement programs.
Political discussion today is dominated by a pessimistic tone about government deficits, taxes, and our aging population. But, … Read More
China’s Future of Neurotic Prosperity
If there is validity in the parallels drawn in my previous articles, China should prosper, though we do not know how long it would take. Recall Shakespeare’s Shylock. Below its dramatic surface, that play is about trust versus contracts. Members … Read More
How China’s Small Businesses Can Expand and Exchange Outside of Law
In my previous article, we saw one of the consequences of human population regulation, drawing parallel between present-day China and 18th century Austria. European Jews faced and adapted to another consequence: A wide range of other regulations and expecting less … Read More
Why China’s “Little Emperors” Face Neuroticism
Ten years ago, I wrote about the possible consequences of China’s one child policy (published in Asia Times Online, Financial Times, and Singapore Times). All of it seems to have held the test of times – and recent evidence strengthens … Read More
When the “Vital Few” Go Mobile?
As we saw in my previous columns, the recent financial crises rhymes strongly with the one John Law and the Japanese government managed to engineer. Though in different ways, they were all “land-based”, drawing on the misperception that there is … Read More
Why Governments Want Your Immobility
As we saw in my previous article about the perils of a banking system which is based on land values but which is not constrained by a monetary gold standard, many things perceived “real” can melt into thin air in … Read More
Gold Standard Stability vs. Land Standard Chaos
If modern economists had paid attention to the disagreement between Adam Smith the father of modern free-market economics on the one hand and John Law, the father of modern financial bubbles on the other, we might have avoided a painful … Read More