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Aug 12, 2009

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Travis Greene

Speaking of the interaction between theology and economics, my friend Jesse (a PhD student in Finance at UNC) just started a blog on the healthcare debate, which you may find of interest:

http://thecenterway.wordpress.com/

Michael W. Kruse

Thanks for the heads up, Travis.

Matthew Miller

I disagree that capitalism is anti-Christian. It is not a theory born out of scarcity, but actually, is a system that specifically argues against that view. Certainly when it is misused capitalism reflects a belief in scarcity, but that is do more to the insecurity of its practitioners, than its ideological roots. It rather argues that "not enough" is simply "not true" and that by using what we have to create new things, we will in turn create enough for all. This was Alexander Hamilton's theory (the major personality and intellect behind our system). While there are certainly flaws, they come about from an assumption of scarcity rather than a belief that if we all work we can produce plenty for all. In America this has been abused in recent years sure, but there is no other system in the world that has ever produced the standard of living we have in the United States. While it is not a perfect system, in terms of securing economic prosperity, there is no other country or civilization that even compares.

Michael W. Kruse

Thanks Matthew. Helpful thoughts.

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