Tag Archives: Ivory Tower

News

Obama to appoint anti-business radical to regulate businesses?

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From ABC News. (H/T Verum Serum)

Excerpt:

President Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News.

Warren currently chairs the Congressional Oversight Panel of the Troubled Assets Relief Program and has been seen by many on the Left as a force for greater accountability and transparency, and a check against the forces in the Obama administration more closely allied with the financial sector. Many officials in that sector eye her warily as too anti-business…

Naming Warren as an assistant or counselor to both the president and Treasury Secretary Tim Geithner would allow the president to bypass a Senate confirmation process that could prove lengthy and contentious.

Morgen writes:

The official White House announcement tomorrow will no doubt emphasize Warren’s role in originating the idea for this agency, and her impressive academic credentials. (Credential number one – she’s a “dear friend” of Obama’s dating back to law school.)

But expect there to be major fireworks over this appointment. Just how anti-business is Warren? Here is only a preview, from her blog on TPM in 2005 (emphasis added):

The middle class is being carved up as the main dish in a corporate feast.  Strugging with flat incomes and rising costs for housing, health care, transportation, child care and taxes (yes, taxes), these folks are under a lot of financial strain.  And big corporate interests, led by the consumer finance industry, are devouring families and spitting out the bones.

Well, I think it’s safe to say she isn’t a fan of this particular industry, if not corporations in general. But with the Consumer Financial Protection Agency charged with regulating everything from mortgages to credit cards, and the companies who market them, you would think it would be helpful to have someone with at least a semblance of impartiality heading it up.

Apparently the White House disagrees.

This is why corporations aren’t hiring. They’re waiting for anti-business Obama to get voted out in 2012.

Videos

Videos from apologist William Lane Craig and economist Thomas Sowell

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William Lane Craig

Bill Craig
William Lane Craig

First, one from William Lane Craig, called “In Intellectual Neutral”. (H/T Apologetics 315)

It’s 40 minutes long.

This lecture is Dr. Craig’s appeal to the church to use their minds as a way to serve Christ. This is a very passionate and accessible lecture designed to motivate people to take the life of the mind more seriously. His focus is on getting Christians to focus on learning arguments and evidence, so that when they discuss these topics they can appeal to logic and objective reality (science and history) to confirm their views. He is concerned that unless we get good at this, that people will not regard Christianity as a “live option” when choosing their worldview.

I’ve heard this lecture delivered in person at Wheaton College one year when he spoke in the chapel to all the students. It was very moving. But this version is twice as good. This time he’s really letting loose.

Thomas Sowell

Thomas Sowell

This one features my favorite living economist, Thomas Sowell. (H/T ECM)

It’s 40 minutes long.

Thomas Sowell’s new book is about intellectuals, those who deal primary with words and ideas, not arguments and evidence. These intellectuals have the goal of reforming society based on the ideas that they learn in classrooms. (Sowell is not talking about engineers, medical doctors, accountants, etc. – people who actually have hands-on knowledge in advanced areas)

Sowell is concerned with people who are specialized in one narrow area such as linguistics, and then make pronouncements on public policy or economics without knowing anything about those areas. He argues that intellectuals have a low opinion of people who don’t go to the best schools, but instead focus on practical things. This conviction that other people are stupid makes them want to seize control and force their vision onto the world. The vision of the intellectuals includes metaphysical and moral beliefs.

In addition to what Sowell says in the video, I would expect that these intellectuals also disdain the morality and theology of Christians, whom they see as non-intellectuals, because they never hear reasons why people believe in Christianity and Christian morality in their Ivy-league classrooms. This absence of a defense is what causes them to be so aggressive about trying to marginalize what they view as unfounded beliefs and antiquated moral rules. Maybe they would not be so aggressively secular and collectivist if we were all as prepared to give a defense as William Lane Craig is?

More economists

If you like what you see in these videos, you might want to consider reading one of my favorite papers by economist Robert Nozick entitled “Why do Intellectuals Oppose Capitalism?” He uses a similar definition of intellectuals as being “wordsmiths”, rather than engineers, entrepreneurs, and doctors. My other favorite living economists are Walter Williams (#2) and Jennifer Roback Morse (#3).