Year: 2016

December 19, 2016

Explainer: Christmas 2016 by the Numbers

As the most widely observed cultural holiday in the world, Christmas produces many things—joy, happiness, gratitude, reverence. And numbers. Lots of peculiar, often large, numbers. Here are a few to contemplate this season: $50.82 – Average amount U.S. Continue Reading...
December 19, 2016

Throwing Reconstructionist shade

Now that conservative Christians are something of a favored group by the executive branch of the US government again after a two-term hiatus, it’s time for many to dust off those old memes regarding the theocratic tendencies of the Christian Right. Continue Reading...
December 16, 2016

The economics of Bedford Falls (Part 1 of 3)

Upon it’s initial release in 1946, Frank Capra’s It’s a Wonderful Life was something of a financial flop, failing to reach the break-even point of $6.3 million. Although it was nominated for Best Picture at the Academy Awards, it wasn’t until subsequent decades that it became recognized as one of the greatest Christmas films ever made.* Continue Reading...
December 16, 2016

Deck the halls with macro follies

During the holiday shopping season the media inevitably talks about consumer spending, and how it is vital to economic growth and job creation. But if people are buying more that means that are saving less. Continue Reading...
December 15, 2016

The value of trust—and how to create it

Trusting strangers not only makes our lives easier, it makes our country more prosperous. As economist Tim Hartford says, “One of the underrated achievements of the modern world has been to develop ways to extend the circle of trust by depersonalising it.” Continue Reading...
December 15, 2016

All is gift: Embracing the divine generosity of Christmas

Throughout the Christmas season, we are routinely reminded of our “gift nature,” whether through the transfer of presents, the confluence of family gatherings, the creative flurry of plays and performances, or, most importantly, the central story of the One who gives it all meaning in the first place. Continue Reading...