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For years I’ve been writing in this newsletter that the future of capitalism should be about more than profit maximization. It should be imbued with purpose, meaning, a growing sense of community and culture. Of course, culture is important for organizational success, but what kind of culture to create

During the last few weeks, policymakers at the Federal Reserve — our nation’s central bank — have moved toward slowing down the economy by raising interest rates. The Fed chair, Jerome H. Powell, suggested earlier this week that rates will likely go up in March. Months, even years, of stimulus payments

In an attempt to better understand the debates surrounding gender within the church, I read three books over the holidays that lay a firm foundation: Beth Allison Barr’s The Making of Biblical Womanhood, Kristin Kobes Du Mez’s Jesus and John Wayne, and Michelle Lee-Barnewall’s Neither Complementarian nor

Tonight I graduate from a years-long MBA program that I’m ready to be over. Yesterday I wrote about the knowledge problem and how difficult it is to accurately predict what will happen in the future, especially when using statistics and data. Biases and incentives Unfortunately, the general population—and

More importantly than the time and valuation problems mentioned yesterday, the complicated nature of models like the DCF or those in new Keynesian macroeconomics, or what “value” or “money” even is, brings to bear how difficult it is to properly predict the real world on which many of these assumptions

At six o’clock Wednesday evening I’ll walk across the stage to receive a diploma for an MBA in finance from the University of Texas at Dallas. Over the past two and a half years, while working full-time and taking classes full-time, I’ve read books, watched lectures, met

In the last column, inflation was the top story. It continues to be a top story, but for now we’ll focus on the other mandate of the Federal Reserve and an important component of our economy: labor. The employment kind. Over the last few months, workers have reconsidered their

This week I started writing a new column for a magazine called Common Good, “a place for thoughtful commentary on and stories about the diverse people and ideas shaping faith, work, economics.” The column is called “Quick Notes on the Economy,” where I try to summarize in a few hundred

The talk of the town centers on inflation. The Wall Street Journal reports estimates of over 5 percent in the coming months. For many of us, we see these headlines and we have a general awareness that inflation is bad, but that’s about it. So what are we talking

Experts say that the top 10 percent of United States income earners have only grown richer over the last several decades. This has led many to criticize wealthier Americans for “taking” from poorer Americans. They show you charts like these in the New York Times that presumably prove the point,