The number of people filing for unemployment insurance has soared to 26 million over recent weeks—16 percent of our labor force. For some segments of the workforce—restaurant and hotel workers — it is much higher. Still, others have had their hours cut back. For all, this has greatly compounded the anguish of coping with the … Continue reading Job Losses
Today’s Crude Oil Glut
Have you heard that the price of a barrel of crude oil has fallen below $10? At the beginning of the year, it was $60. And it was not that long ago that it was above $100. Crazy! What does this mean? First off, it is telling us that supply has exceeded demand in a … Continue reading Today’s Crude Oil Glut
The Bible and Economics: Connecting the Two
Is the field of economics in a different sphere from the Bible? For a good part of my professional life, I treated them as such. I found the tools of economics to be extremely useful for addressing the policy problems through which I was working. And I marveled at how well a decentralized, market-based (capitalist) … Continue reading The Bible and Economics: Connecting the Two
Thomas D. Simpson, PH.D. 