Posts Tagged Russ Roberts
“The only one with the power to create presents out of thin air is Santa himself.”
Or, if you prefer an even more sobering realization, there’s always the Creator himself.
Check out this new video from the brilliant folks at EconStories.tv:
From the EconStories.tv website:
Recovery and growth in the classical and Austrian view is driven by restructuring production so that entrepreneurs discover again the best — i.e. the most valuable and sustainable — ways to serve customers. That process is lead by new entrepreneurs and driven by savers who make capital available to fund new investments and new ventures. Sustainable saving and investment means creating more value for others while using fewer resources. This process lies at the core of healthy economic growth, including better job opportunities and Read the rest of this entry »
Last week at the Acton Institute’s PowerBlog, I offered some suggestions as to what a newly elected President Obama might do if he wishes to unify the country and restore American confidence — namely, affirm the value that each person brings to the table, male or female, rich or poor, and “appeal to more than material welfare,” as President Coolidge once did.
This week at AEI’s Values and Capitalism, I discuss how we as Christians should respond after the election—but regardless of what the President does or doesn’t do.
For this, I rely heavily on economist Russ Roberts, who recently reminded us that politics isn’t “where life happens,” and thus, we should remember that our best opportunity to sell a political ideology of individual liberty is by building and cultivating the very communities and institutions — the “voluntary emergent orders” — we seek to protect.
As Roberts writes:
My other source of cheer is to remember that politics is not where life happens. Policies affect our lives, but we have much to do outside that world. Yesterday I helped my youngest son learn Python, learned some Talmud, played with my photographs on Lightroom, had dinner with my wife, and went shopping with my oldest son for his first nice blazer. Lots of satisfactions there. Nothing to do with politics.
Toward the end of the campaign, I saw an ad where Obama looked into the camera and said something like “look at my policies and those of my opponent and decide which one is best for you.” Those of us who believe in voluntary emergent order and civil society as a way to make the world a better place, reject Obama’s calculus. We believe that our policies aren’t just good for ourselves but allow everyone to reach their potential and serve others through the marketplace and the communities we choose to join and build. That’s a world I want not just for my children to but for your children, too. Being nice to your neighbor helps your neighbor imagine the possibility that the policies we pursue are not just about ourselves.
For both the Christian and the Jew, this “voluntary emergent order” begins with loving God and loving neighbor. We certainly need to make clear the state’s persistent attempts to intrude and subvert that order, but throughout such a struggle, particularly after a battle as aggressive and exhausting as this past election, we would do well to re-energize ourselves when it comes to pursuing the very callings and Read the rest of this entry »