Why Doug (like other low-income Americans) doesn’t trust authority

This weekend Saturday Night Live had a sketch that set the Internet abuzz and had Slate asking whether the skit was the “most astute analysis of american politics in 2016.” The setup was “Black Jeopardy!”, a recurring bit on SNL that normally pits two lower-class black contestants against a wealthier and/or well-educated white contestant who is clueless about African-American perspectives on race and culture. Continue Reading...

Why coffee tasting matters to God

Does the work of a coffee buyer have an impact that stretches on into eternity? Does coffee tasting matter to God? In a new video from Chapel Hill Bible Church, coffee taster and buyer Jeff McArthur shares how he came to see the deeper meaning of his work, both in the day-to-day trades and exchanges with his customers and community and in the relational ripple effects that reach on into the broader economic order. Continue Reading...

How to read a supply curve

Note: This is the sixth post in a weekly video series on basic microeconomics. Last week we took a deeper look into the demand curve, examining how to read the demand curve, how demand curves shift, and consumer surplus. Continue Reading...

The moral consequences of economic growth

In 1820, America’s per capita income averaged $1,980, in today’s dollars. But by 2000, it had increased to $43,000. That economic growth has benefited the rich, of course. But it has also transformed the lives of the poor—and prevented many more from becoming or staying poor. Continue Reading...