A crisis of ethic proportions

John Bogle, the founder of Vanguard, wrote an insightful editorial in the Wall Street Journal titled A crisis of ethic proportions. It is a very interesting read, in regards to the cause of the economic crisis. While I disagree with Mr. Bogle’s conclusion, it is still a worthwhile analysis. A “fiduciary society” only becomes possible in a culture with an absolute, rather than relative, moral underpinning. Our shift from modernism to post-modernism works against this moral standard.

Here comes (hyper) inflation?

Wow, take a look at this research, published by the Federal Reserve itself: Economic Research - Federal Reserve Bank of St Louis. If that does not take your breath away, adjust the chart to look at "Percent Change" or "Compounded Annual Rate of Change". It sure seems that someone is playing loose and free with the United States monetary policy, and that inflation will have to be the natural consequence.

Have mercy...

A man, supported by leaders of several foreign nations (who do not have the best interests of our country, not to mention the Gospel, in mind) has just been elected president of our country. A man who does not recognize the inalienable rights of the pre-born. A man who sat (uncritically?) under the teachings of liberation theology. I respect the man, and respect what he represents to his race (though in my eyes, this is not at all about race). It ought to be about issues, and suitability / experience, both of which I believe made him the inferior candidate.

May we as a people learn from what I believe will be the growing probability of impending judgement. Our greed as a people (regardless of race, political affiliation, and even creed), our desire to do what is right in our own eyes, our shallowness of critical discussion of issues ("why not decide the election by who can put on the best advertisements?") ...

Father, may You have mercy.