What Christians can learn from Adam Smith’s ‘paradox of value’

In a new video from TED Ed, Akshita Agarwal provides a quick lesson on Adam Smith’s “paradox of value” and the differences between “value in use” and “value in exchange.” For Christians, there’s a crucial lesson here about the best way to meet human needs in the economic order, whether through trade policy, reducing price controls, or any number of other areas.  Continue Reading...

Venezuela’s socialism leads to slavery

Because of high inflation and unemployment, Venezuela has the most miserable economy in the world. The country currently has an inflation rate of 180 percent (which is expected to increase 1,642 percent by next year) and the current unemployment rate is 17 percent, (which is expected to increase to nearly 21 percent next year). Continue Reading...

Socialism Makes People Selfish

Does socialism make people kinder and more caring, while capitalism makes people greedy and more selfish? No, in fact, just the opposite is true. In this video, Dennis Prager explains the moral differences between socialism and capitalism, and why anyone who wants a kind and generous society must support one and oppose the other. Continue Reading...