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Affluent Christian Investor | October 24, 2017

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Posts ByRoger McKinney, Author at Affluent Christian Investor - Page 2 of 5

March 22, 2017 |

Why Anti-Cash Economics Takes Your Wealth

Keeping your hard-earned wealth is hard. The state wants most of it in taxes. A couple of weeks ago I explained how socialists use randomness to steal your wealth. Now economists want to use a cashless society to take it.

Read More

March 16, 2017 |

New Book: God is a Capitalist

In his book, Jesus in Beijing, author David Aikman describes a lecture that he attended in Beijing in 2002. The speaker, a scholar from one of China’s premier academic research institutes, the Chinese Academy of Social Sciences, said the … Read More

March 15, 2017 |

Big Business and Socialist Symbiosis

Jason Zweig, who writes the Intelligent Investor column for the Wall Street Journal, posted recently about “Disturbing New Facts about American Capitalism.” He wrote:

“Modern capitalism is built on the idea that as companies get big, they become fat … Read More

March 8, 2017 |

The Idol of Randomness Wants to Steal Your Wealth


If you’re reading this post, I assume you have built some wealth and are wondering how to keep it and possibly make it grow. You should know that many people claim you have no right to that wealth … Read More

February 28, 2017 |

Trump Channels Hoover’s Economic Strategies

President Trump has saved dozens of US jobs from moving to other countries, mostly Mexico, by employing the shock and awe of a personal phone call to CEOs. Had he made the same visits before he became president he … Read More

February 23, 2017 |

Stop Comparing Your Investment to the S&P

In Financial Bull Riding I wrote that annual percentage returns is the wrong measure of investment performance. The better metric is absolute dollar return. Naive investors, and most financial journalists, assume the two will produce the same results, but they … Read More

February 8, 2017 |

Interest Rates Have Fallen and Can’t Get Up

Some of us suffer from Fed head: we have allowed anger at the Fed to infect our brains to the point that we blame it for everything from flat tires to broken bed springs. George Selgin, an Austrian friendly economist … Read More

February 6, 2017 |

Why the Fed Can’t Drive

One of Milton Friedman’s favorite analogies about monetary policy was driving a car. He compared money creation by the Fed to pushing on the gas pedal. On flat ground giving the engine more gas makes the car speed up, … Read More

February 2, 2017 |

Zombies Threaten Growth in 2017

Most economists expect the economy to grow at its most rapid rate this year. One of my favorite economists wrote this:

“If the new Trump administration cuts taxes and deregulates the economy, expect higher economic growth and another good … Read More

January 27, 2017 |

Brexit Doomsayers Double Down on Wrong Prediction

It seems that the Bank of England has been feeling the heat from its forecast that Brexit would plunge the UK into a depression. Added to the failure of mainstream economists to predict the Great Recession, the public is losing … Read More

January 18, 2017 |

The Case for a Raging Market in 2017

Trumpeting a new boss in the White House wasn’t the only cause of the recent spectacular rise in the stock market. Several economic indicators improved in the fourth quarter. Nicholas Vardy wrote,

Consumer confidence stands at its highest level … Read More

January 16, 2017 |

Trump’s Strength is His Weakness — Businessman Economics

President Trump is clearly a good businessman. His wealth proves it. And it was partly his success in business that encouraged many adults to vote for him. The logic seemed sound: if the problem with the US is the economy … Read More

December 26, 2016 |

The Pre-Christmas World of Hunger and Premature Death

The world was flat until 1600. Not the shape of the planet. According to the best economic history, standards of living even in 1800 AD hardly differed from those of 5000 BC. TV shows dealing with the ancient past … Read More

December 20, 2016 |

Why Markets Shrugged Off Fed Hike

For the first time in almost a decade the market shrugged off a significant move by the Fed when it increased its rate by 0.25%. Of course, the market had anticipated the increase for a year and so priced it … Read More

December 9, 2016 |

Goldman Sachs Rains on Trump Honeymoon

Traditionally, a new president enjoys a “honeymoon” period during his first few months in office but it seems that Goldman Sachs doesn’t like tradition. The investment bank tried to puncture the euphoria in the stock market over Donald Trump’s … Read More

December 6, 2016 |

This is a Trickle Down ‘Recovery’

The Bureau of Economic Analysis elevated its estimate of third quarter GDP from 2.9% to 3.2% last week. They intend the decimal points to give an illusion of accuracy when they know there is a lot of slack in the … Read More

November 23, 2016 |

How Over Confidence Destroys Earnings

“The curious task of economics,”  wrote Nobel Prize winner in economics Friedrich Hayek “is to demonstrate to men how little they really know about what they imagine they can design.”

In other words, good economists are humble and that shows how few … Read More

November 14, 2016 |

Economics Trumps Polling

One of the big news stories today is how the national polls got the results of the presidential election so wrong.

Part of their problem was the demonization of Trump by the media. When media bias turns a policy or … Read More

November 4, 2016 |

Trump’s Tariffs Could Sink Washington

Politicians have figured out that bashing China is a good way to attract votes. That’s why Donald Trump is doing it. It appeals to people who work and see jobs lost to cheaper products made across the Pacific. Hillary can’t … Read More

October 28, 2016 |

Deutsche Bank – The Snowflake That Could Trigger an Avalance

Avalanches build up one special snowflake at a time. The last snowflake launches the avalanche. Financial avalanche specialists are wondering if the troubled Deutsche Bank will earn the honor of being that last special snowflake, the Lehman Brothers of … Read More

October 24, 2016 |

Will Chinese Real Estate Be The Trigger of the Global Recession?

I have a Chinese friend who used to teach in a university in China. He reads news from home that doesn’t make it into the US media and tells me the more interesting stories.

Lately he has been reading … Read More

October 7, 2016 |

The Left’s Long Lingering History of Racism

Listen to the news about the immigration of Syrians to Europe and you think free marketeers are racists because the media labels opponents of immigration the “extreme right.” After all, promoters of freedom are positioned to the right while … Read More

September 29, 2016 |

What’s An Investor to Do When the Market Won’t Cooperate?

What is an investor who follows the Austrian school of economics supposed to do with a market that has traded in a narrow range for almost two years and refuses to bend to the reality of falling profits and … Read More

September 26, 2016 |

The Fed is Flummoxed – Austrian Economics Has the Cure

Late last month the Wall Street Journal printed a report card of Fed activity for the new millennium. The writers think the Fed failed most of its curriculum.

“In the past decade Federal Reserve officials have been flummoxed by … Read More

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