Tough Times for Wise Virgins
The biblical parable of the 10 virgins (Matthew 25:1-12) is particularly relevant today. As you may recall, the five wise virgins behaved responsibly and prudently, making sure they had enough lamp oil for the midnight arrival of the bridegroom. The five foolish virgins, by contrast, diddled around, and didn’t get oil. At the last minute,... Continue Reading
On Economic Depressions—Then and Now?
Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove CityCollege. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. In this latest edition, Dr. Paul Kengor, the executive director of The Center, interviews Dr. Jeffrey... Continue Reading
“Fed” Up? Money Lessons for the New Year
Could 2009 be the year the United States of America starts to go subprime? Just as subprime mortgages wrecked the economy in 2008, 2009 might be the year we begin to see problems associated with the debt that funds our nation’s $10-trillion deficit. If we look to Civil War history we may be able to... Continue Reading
Obama’s $1 Trillion Gamble
President-elect Obama is considering an economic stimulus package that will include increases in government spending and tax cuts of approximately one trillion dollars. Many fear a prolonged depression resulting from a sharp reduction in consumer spending. After saving very little for many years, Americans have begun to save more in response to the economic crisis.... Continue Reading