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Affluent Christian Investor | December 11, 2018

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Posts ByRoger McKinney, Author at Affluent Christian Investor

November 29, 2018 |

Natural Resources Are God’s Free Gift, But Human Productivity Makes Them Available

Here is something to be thankful during the Thanksgiving season: oil is free. As sunlight, air and magnetism are free, so is water, natural gas, iron, copper and other natural resources.

In the early days of socialism, before Marx, … Read More

November 21, 2018 |

Socialism Is The Gospel Of Abundance?

Reading responses to an article on the Christianity Today web site I came across a lady who asked, “Why not free universal healthcare?” Her question reminded me of children who ask simple questions such as “Why is the sun hot?” … Read More

November 12, 2018 |

Massive EU & Canada Medical Tourism To The US, But How Many Of Us Go There?

I was in a hotel in Houston recently and ran into several families from the UK who had a family member receiving medical treatment for cancer at the MD Anderson Cancer Center there. I have read many stories of … Read More

October 16, 2018 |

Why You Shouldn’t Be Afraid Of Options And Futures

Buy-and-hold is the standard investment advice for rookies. They tell young people to grit their teeth through bear markets like those of 2001 and 2008 where some investors lost half their savings. They say you will eventually make back your … Read More

September 18, 2018 |

Who Can We Blame For The Great Recession?

This year marks the tenth anniversary of the “Great Recession” and the media are trying to determine if we have learned anything from it. The Queen visited the London School of Economics after the “Great Recession” to ask her chief … Read More

September 4, 2018 |

Do European Social Engineers Know More About Products Than Their Actual Engineers?

Socialists love central planning, but they hate another type – planned obsolescence. According to the report “EU aims to abolish planned obsolescence,” they have banned the practice before they identified what it is.

The European Parliament now wants the European … Read More

July 26, 2018 |

The US Doesn’t Need To Protect Mideast Oil

A few weeks ago the President tweeted a threat to Saudi Arabia about its oil production:

The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices … Read More

July 2, 2018 |

Clinton Advisor Claims China Will Out-Innovate US Because It Has A 5 Year Plan

Remember Laura D’Andrea Tyson? A Republican Congress and Monica Lewinsky rescued us from her leftist economics when she was Chair of the under Bill Clinton’s Council of Economic Advisers. As far as we know she and Hillary were the only … Read More

June 20, 2018 |

Government Control Of Private Healthcare Based On German Fascist Model

Few Americans understand how socialist our healthcare system is. The evidence comes from the many articles that trash European socialist healthcare and refer to the US system as a free market. The truth is that the US system is … Read More

June 13, 2018 |

Anti-Freedom Book Praised By Evangelicals, Why?

Patrick Deneen’s book Why Liberalism Failed should have remained an obscure academic publication discussed on web sites such as Public Discourse. But Christianity Today and The Gospel Coalitionpublished favorable reviews. Now second hand dealers in ideas, especially preachers, will read it and its fallacies will … Read More

December 6, 2017 |

Can Conservatives and Socialists Live in This Country Together?

A few writers have wondered since the election of President Trump if the country is so fractured that another great divorce like that of the Civil War is in our future. Pew Research has provided the statistics to fuel the debate. Recently, … Read More

November 29, 2017 |

Capitalism Creates Psychos According to Professor

Socialists continually flail stuffed monster versions of capitalism they have sewn together from pieces of their fevered imaginations. Usually I just ignore them because their versions of reality are irrational and I don’t want to be the greater fool who … Read More

November 20, 2017 |

Don’t Let Socialists Ruin Thanksgiving: Here’s How

The socialist who claims to be an evangelical, Jim Wallis, posted an article in his Sojourners magazine recently encouraging families to debate politics while trying to digest turkey and dressing, cranberry sauce and pumpkin pie. Here is a portion:

“A … Read More

November 14, 2017 |

The Jekyll and Hyde Nature of Individualism and What it Means for China

Nobel-prize winning economist Edmund Phelps ties economic growth to the spread of individualism in his forthcoming book. A November 3 Streetwise column by James Mackintosh, “What Martin Luther Says About Capitalism,” summarizes Phelps’ book:

“The more individualistic a country is, … Read More

October 12, 2015 |

Good Management Makes for Great Investing

Investors with the time will want to imitate Warren Buffet and invest in a few good companies rather than put up with a host of losers in an index fund, but analyzing individual companies in the way that Ben Graham … Read More

October 7, 2015 |

Currency Wars Round Three

I finally got around to reading James Rickards’ 2011 book Currency Wars: The Making of the Next Global Crisis and really enjoyed most of it.

The best parts are the history of the currency wars, Currency War I (1921-1936), Currency … Read More

September 28, 2015 |

Academic Financial Models Ignore Human Subjectivity

Discounted cash flow (DCF) is the adjustable wrench of modern financial mechanics. Essentially, the analyst forecasts the revenue and costs for several years out and applies an appropriate discount, or interest rate, to calculate what those future dollars are … Read More

September 18, 2015 |

Are New Manufacturing Decline Stats Recession Signs?

In the Ricardo Effect, Hayek’s chief contribution to the Austrian business-cycle theory (ABCT), the turning point in the cycle from expansion to recession happens when the makers of consumer goods and services employee more workers and buy less equipment. … Read More

September 9, 2015 |

Don’t Drink the Schwab Kool-Aid

The Schwab Center for Financial Research recently published an article intended to tranquilize investor nerves after the latest volatility and keep them shoveling funds into the stock market. “Schwab’s Perspective on Recent Market Volatility” begins with

“Global markets may have … Read More

August 31, 2015 |

US Stock Market Predicting Recession?

After the stock market stumbling through the past two weeks, you will hear top mainstream economists repeat the old joke that the market has predicted ten of the last eight recessions. The point of the joke is to belittle the … Read More

August 25, 2015 |

Training the Chinese Dragon in Economics

The story of China’s great leap forward to slightly freer markets is well known. Around 30 million people starved to death in the 1960s and the West fed the Chinese in the 1970s. Deng Xiaoping took over after Mao died … Read More

August 19, 2015 |

Retired Greenspan – Talks Like An Austrian Economist

The government reported recently that productivity in the US rose 1.3% from the last quarter, but that was little comfort to the Maestro, Alan Greenspan, who is worried about the collapse in productivity. Investors should be worried as well. StreetInsider.com … Read More

August 11, 2015 |

Why Mainstream Economists Can’t Even Predict the Past

Mark Twain once said,”Prophesy is a good line of business, but it is full of risks,” and “It is difficult to make predictions, especially about the future.” In the Bureau of Economic Analysis’ (BEA) recent statement that the GDP of the US … Read More

August 5, 2015 |

Value Investing and Austrian Economics Beat the Market

The Efficient Market Hypothesis (EMH) teaches that no one can beat a general market index over the long run because the market instantly adjusts to all new information. The EMH has been mainstream dogma for longer than Warren Buffet has … Read More

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