Browsing All Posts filed under »Crony Capitalism«

Let’s Get Ethical

July 28, 2014 by


This blog is a supplement to my colleague Jeff Haymond’s very informative blog of July 26 entitled “Turning to the Left….” I wanted to add a further ethical dimension to the discussion of income inequality which Jeff was addressing with regard to recent comments by Thomas Ricks at Politico. Jeff’s comments are worth reproducing in […]

Moving to the Left–Why it is essential to Love God with all our Minds, as well as our Hearts

July 26, 2014 by


In Wednesday’s Politico, Thomas Ricks writes about how he is turning left politically mid-life, outlining a growing disillusionment with American military, government and economic results.  Much of his criticisms I don’t fault, such as his specific criticisms of how and why we fought in Iraq (a subject I won’t delve into here).  But he also […]

Nobel Laureate Vernon Smith nails the Bush/Obama economic crisis response & De Rugy hammers “Boeing’s Bank” Cronyism

July 24, 2014 by


The heart of Crony Capitalism is privatizing the gains while socializing the losses.  Both Republican and Democratic administrations, whether they intend to or not, routinely support such cronyism.  They usually only differ in who their cronies are, and how much cronyism they like, and the rationale for supporting cronyism.  For the most visible current example […]

Why Bereans are not Republicans or Democrats–another story of Political Cronyism

July 10, 2014 by


It is easy to pick on the Democrats these days from a Christian Political Economy perspective, after all, virtually every social policy they pursue is unbiblical and their economics is pure quackery.  Is quackery too strong a word?  Perhaps, but while paying lip service to the 2nd Law of Economics (Incentives Matter!), their policy prescriptions […]

Elon Musk, the ultimate entrepreneur in a Crony Capitalist system? Sweet subsidies!

June 10, 2014 by


Elon Musk is truly a brilliant entrepreneur; initial c0-founder of Paypal, visionary founder of SpaceX and now Tesla motor cars.  I met Mr. Musk back in my Air Force days as a launch officer at Vandenberg AFB; my squadron was involved in small launch and we greatly wanted SpaceX to succeed, since costs of large […]

The “Point One” Percent

May 1, 2014 by


We are all collectively the “point one percent” now.  That is, we live in an economy that measured ,1% (you read that right) growth in GDP in the first quarter of 2014.  Are we in for a “double dip” recession–have we really emerged from the previous one, despite fine economic definitions (and let’s be clear, […]

Faith may be in action, but is the mind of Christ? Social gospel left demands higher taxes in Illinois

April 29, 2014 by


Pity the poor people of Illinois.  They have perhaps the worst government policies in the nation, and have less than 43 cents on the dollar funded of their pension liabilities for the large public sector.  The state settled with the SEC in March after it was charged with securities violations in fraudulent reporting of its […]