
On top of all the political, economic, and civic stuff that has been swirling around my head, I wrote a poem about what also has been going on in my head. I met a woman at the church we visited last Sunday and her name is Ann. We just very randomly approached one another, and I asked her whether she worked outside the home or worked in the home, she replied she was a "writer." Well, I just got so excited! She writes poetry, is working on her memoires, and has been an editor of a newspaper. She has already inspired me to write another poem. Thank you Ann.
9/30/08
Poem?
Labels: poem
Economics 101-There's no such thing as a free lunch!

My mind is not in a fog today, but it has many, many concepts, current events, and cultural considerations flitting around from one synapse to another one, and I cannot figure out which concept to write about.
Marx’s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout
By Martin Masse
In his Communist Manifesto,published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him.
Indeed, analysts at the Heritage and Cato Institute, and commentators in The Wall Street Journal and on this very page, have made declarations in favour of the massive “injection of liquidities” engineered by central banks in recent months, the government takeover of giant financial institutions, as well as the still stalled US$700-billion bailout package. Some of the same voices were calling for similar interventions following the burst of the dot-com bubble in 2001.
“Whatever happened to the modern followers of my free-market opponents?” Marx would likely wonder.
At first glance, anyone who understands economics can see that there is something wrong with this picture. The taxes that will need to be levied to finance this package may keep some firms alive, but they will siphon off capital, kill jobs and make businesses less productive elsewhere. Increasing the money supply is no different. It is an invisible tax that redistributes resources to debtors and those who made unwise investments.
So why throw this sound free-market analysis overboard as soon as there is some downturn in the markets?
The rationale for intervening always seems to centre on the fear of reliving the Great Depression. If we let too many institutions fail because of insolvency, we are being told, there is a risk of a general collapse of financial markets, with the subsequent drying up of credit and the catastrophic effects this would have on all sectors of production. This opinion, shared by Ben Bernanke, Henry Paulson and most of the right-wing political and financial establishments, is based on Milton Friedman’s thesis that the Fed aggravated the Depression by not pumping enough money into the financial system following the market crash of 1929.
It sounds libertarian enough. The misguided policies of the Fed, a government creature, and bad government regulation are held responsible for the crisis. The need to respond to this emergency and keep markets running overrides concerns about taxing and inflating the money supply. This is supposed to contrast with the left-wing Keynesian approach, whose solutions are strangely very similar despite a different view of the causes.
But there is another approach that doesn’t compromise with free-market principles and coherently explains why we constantly get into these bubble situations followed by a crash. It is centered on Marx’s Proposal Number Five: government control of capital.
For decades, Austrian School economists have warned against the dire consequences of having a central banking system based on fiat money, money that is not grounded on any commodity like gold and can easily be manipulated. In addition to its obvious disadvantages (price inflation, debasement of the currency, etc.), easy credit and artificially low interest rates send wrong signals to investors and exacerbate business cycles.
Not only is the central bank constantly creating money out of thin air, but the fractional reserve system allows financial institutions to increase credit many times over. When money creation is sustained, a financial bubble begins to feed on itself, higher prices allowing the owners of inflated titles to spend and borrow more, leading to more credit creation and to even higher prices.
As prices get distorted, malinvestments, or investments that should not have been made under normal market conditions, accumulate. Despite this, financial institutions have an incentive to join this frenzy of irresponsible lending, or else they will lose market shares to competitors. With “liquidities” in overabundance, more and more risky decisions are made to increase yields and leveraging reaches dangerous levels.
During that manic phase, everybody seems to believe that the boom will go on. Only the Austrians warn that it cannot last forever, as Friedrich Hayek and Ludwig von Mises did before the 1929 crash, and as their followers have done for the past several years.
Now, what should be done when that pyramidal scheme starts crashing to the floor, because of a series of cascading failures or concern from the central bank that inflation is getting out of control? It’s obvious that credit will shrink, because everyone will want to get out of risky businesses, to call back loans and to put their money in safe places. Malinvestments have to be liquidated; prices have to come down to realistic levels; and resources stuck in unproductive uses have to be freed and moved to sectors that have real demand. Only then will capital again become available for productive investments.
Friedmanites, who have no conception of malinvestments and never raise any issue with the boom, also cannot understand why it inevitably leads to a crash.
They only see the drying up of credit and blame the Fed for not injecting massive enough amounts of liquidities to prevent it.
But central banks and governments cannot transform unprofitable investments into profitable ones. They cannot force institutions to increase lending when they are so exposed. This is why calls for throwing more money at the problem are so totally misguided. Injections of liquidities started more than a year ago and have had no effect in preventing the situation from getting worse. Such measures can only delay the market correction and turn what should be a quick recession into a prolonged one.
Friedman — who, contrary to popular perception, was not a foe of monetary inflation, but simply wanted to keep it under better control in normal circumstances — was wrong about the Fed not intervening during the Depression. It tried repeatedly to inflate but credit still went down for various reasons. This is a key difference in interpretation between the Austrian and Chicago schools.
As Friedrich Hayek wrote in 1932, “Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion. ... To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about ...”
The confusion of Chicago school economics on monetary issues is so profound as to lead its adherents today to support the largest government grab of private capital in world history. By adding their voices to those on the left, these confused free-marketeers are not helping to “save capitalism”, but contributing to its destruction.
Martin Masse is publisher of the libertarian webzine Le Québécois Libre and a former advisor to Industry minister Maxime Bernier.
9/29/08
Sad Day for the Country

9/25/08
AHHHH


I have always written the posts on this blog as I would for a magazine, or a devotional book. It seems that most people like to read short, personal posts that only take a minute or two to read. Trying to appeal to more and more people, I am trying to write more of these interspersed with continued longer posts. I love to write and I always figured most people did not want to read about what I did on a day to day basis. I mean, who wants to hear that I did five loads of laundry, ironed seven shirts and assorted clothes, swept the upstairs, went to Wal-Mart twice because I forgot something that I needed for dinner, took Bekah to school and picked her up in the afternoon, cooked dinner, unpacked five boxes of books, etc, etc.. What is exciting about that? It is probably exactly what you did, or something like that.
9/22/08
SBS Soggy Brain Syndrome

Hesitating to write what is on my mind, and continuing to mull it over and over seems like such a chore. Sometimes swimming in a sea of thoughts that do not make a very coherent whole makes for a soggy brain. That's it, my brain has Soggy Brain Syndrome (SBS for short). If every one else in the world can have a syndrome, why can't I? Being one of those people that has to rest after being with new people or crowds for any extended period of time, SBS has taken over my body at this point. This weekend I went with a very good fellow friend in ministry to a woman's retreat. We laughed, cried, talked, slept, shopped, and had a great time. I actually had to sit with women I didn't know, talk to women I didn't know, eat with, sing with, worship with, and sleep (almost) in the same room with women that I didn't know. I really do love people, women in particular, but it wears me out to be with people that I do not know for any length of time. I did manage to take a nap on Saturday afternoon and that helped. Everything about the weekend was fabulous. Somewhere along the way I have finally learned, well maybe not completely learned, that it is OK to be an introvert. I married an extrovert who at times has not always understood me and my quirks. At the same time I have not always understood how he could be with people 24/7. The world needs us both. Ken will be the first one to tell you that he has learned his need for solitude from me, and I will be the first one to tell you that I have learned that I need people. Actually, I always knew that, but people scare me. I have learned over the years that people are not as scary as I think, and that all people are in so many different ways alike. Women, whether they are fat or skinny, pretty or plain, learned or simple minded, are all insecure in some way. Some of us really try to cover that up in a big way, but underneath it all we worry about what other women think about us.
Labels: introvert
9/19/08
John Milton's Poetry

I know I keep jumping from one author to another, but my mind right now is jumbled with many thoughts trying desperately to come up with some kind of coherent thesis. I feel kind of like the little white balls in the lottery tumbler waiting for the person to stop the motion so that at least a few of my thoughts can come to the surface and make themselves known.
Labels: book review, Milton
9/18/08
More on Jonathan Edwards in his Religious Affections

I am behind in my reading of this book and I am trying to get caught up without missing out on the meat of the content. I am in the section where Edwards is contrasting between the hypocrite and the true believer. He says some very awesome things here. I am always amazed at the nuances that can arise between the belief systems of Theology. You always begin any study with your view of God, every study. The subtle differences that make themselves known through study creep up. Usually through our study of men and women that make it a habit of the mind to have contemplated the Scriptures and the God of the Scriptures at length and for years. Here we find that Edwards has pulled apart what it really means to be either a hypocrite or a believer in such a way that he makes these nuances known. Most evangelicals would say the opposite of what he is saying here in his text, and because we have not studied, thought through, or read the masters we do not catch it. Often times the hypocrites are the ones that seemingly are the ones that glide through their "Christian" walk like the Rock of Gibraltar, no doubts, no loss of faith or hope, and no dread of being deceived, because the great deceiver is telling them that all is well. He wants them right where they are. "Don't Worry be Happy." He says of the true believer, "though there be many things that are good evidences of a work of grace in them, yet they doubt very much whether they are really in a state of favor with God, because it is they, those that are so unworthy, and have done so much to provoke God to anger against them. Their doubts in such a case arise from unbelief, as they arise from want of a sufficient sense of, and reliance on, the infinite riches of God's grace, and the sufficiency of Christ for the chief of sinners." What wonderful insight. This comes from a theology that says we do not earn any of it. Salvation, sanctification, conviction of sin all of it is by grace and grace alone. When we are hit by doubts, wonderings, trials, heartaches, could it not be the hand of a loving God telling us the truth about ourselves, that we are in such desperate need? We then know that we are need of repentance. So often though, I am convicted, truly repent and then as James says at the end of chapter 1, I walk away and never remember that I am still in need of His abiding grace, that is until God once again nudges me, punishes me, reminds me, loves me in spite, jars me etc, etc......... Edwards goes on to say that when "their love decays" (how about those words!), and he is talking about true believers, fears then arise, all because God knows what we were made for and what He has called us to live for. Is that not encouraging? I quote again, "God's people, when fallen into dead and carnal frames, when love is asleep, would be lamentably exposed indeed: and therefore God has wisely ordained, that these two opposite principles of love and fear should rise and fall, like the two opposite sides of a balance; when one rise the other sinks...divine love prevails, and comes into lively exercise, this brings in the brightness of hope, and drives away black lust, and fear with it." How awesome is that? To know that our trials are there only because of love, and that love will it prevail, perseverance of the saints! Oh what blessed hope we have, oh it makes me want to shout. It doesn't depend on me and I am safe in His blessed arms. Because I am His, He will keep me until the end. Praise Him.
Labels: book review, Jonathan Edwards
9/16/08
Fluff about Dallas and Bama


As I have been perusing different posts that have been written by my friends and relatives, sometimes I wonder why I do not get more comments from the people that are reading my blog. Now if it sounds as if I am whining, you would probably be correct. I am just one of those people that loves to know that my writing is enjoyed, read, skimmed, thought about, hated, or even mediocre. I find though that comments are left on blogs when the blogs are not of a serious nature, what I call fluff. In light of this, I have decided to write about something of a "fluffy" nature. Maybe I am just too serious of a person, actually I know that I am.
Labels: dogs
The great deceiver


As I wrote in an earlier post, I am reading Jonathan Edwards book Religious Affections. Tim Challies is reading through some of the Christian Classics, and I have done the past three along with him. This seems to be a very timely book. We live in an age where even "religious" affections and feelings are from the pit. I was reading the comments on his blog and found some very interesting information all dealing with the church here and elsewhere. He made mention of a couple of people in the Contemporary Music Industry that were very telling. One was that Ray Bolz, singer of As the Anchor Holds and Thank You, has come out of the closet as being and very much living the homosexual lifestyle. The second was Mike Guiliamucci of the group Hillsong has for two years been living a lie coning people into believing that he was dying of terminal cancer, when the opposite was true. I will post, or I should say attempt to post the U Tube news clip of his apology to an Australian reporter. Jonathan Edwards warns in this book that affections and feelings can be in themselves a big con game. Of course he doesn't use those kinds of words, but actually uses some very harsh words instead. Both of these men (Boltz and Gugliamucci) have been greatly deceived in one way or the other, and the father of lies is alive and well. Filled with profound sadness my heart goes out to these men, their families, and the people that really followed their music.
9/12/08
Whetting the Appetite


For several months now I have been reading the Classic Selection of Books that Tim Challies has suggested reading. This month we are reading Religious Affections by Jonathan Edwards. I will add here portion of Tim's gleanings from this weeks reading. I have gained and learned so very much from the spiritual giants that have preceded us, that I want to whet your appetite to try to persuade you to take up the challenge as well. Let me know at omnibuscross@yahoo.com if you also would read Jonathan Edwards.
DISCUSSION
"What Edwards wanted to convey in this chapter is that holy affections are not heat without light; they are not great feelings and emotions built upon a foundation of little real knowledge of God as He has revealed Himself in Scripture. Holy affections arise from the Christians’ increasing understanding of God and His ways. “The child of God is graciously affected because he sees and understands something more of divine things than he did before, more of God or Christ, and of the glorious things exhibited in the gospel; he has some clearer and better view than he had before, when he was not affected. Either he receives some understanding of divine things that is new to him, or has his former knowledge renewed after the view was decayed.” So knowledge is the key that opens the heart and enlarges the affections.
This chapter, like several before it, drew my thoughts to so many of the counterfeit revivals we’ve seen in our day. Edwards says that there are many affections which do not arise from any increased light in the understanding. These are no evidence of a person’s salvation; such affections can be generated by enthusiasm or excitement or Satan or any number of sources. Their presence is no evidence of salvation. Whenever such revivals pop up (as they do every few years) we need to look not for the outward signs but for the presence of Scripture; we need to look for evidence that we are seeing more than mere heat.
Edwards spends much of this chapter writing about “spiritual sense.” He uses this term to describe a kind of sense beyond the five senses common to all men that allows those who are indwelt by the Spirit to have a kind of knowledge or understanding that draws them to what is truly gracious and spiritual. There are many similarities here with discernment where the Spirit works to draw people away from what is false and toward what is true." Tim Challies
9/11/08
I Choose Life!
OK, OK, here I go with another movie theme, but every time I hear Sid the Sloth say to Diego the Saber Tooth Tiger, "I choose Life," it not only makes me laugh, but brings up a terrific line. "I choose life." Studying the book of James has made me contemplate this saying even more. James tells us in the first chapter:
9/10/08
Wrinkles Can Be Lovely
A friend of mine from Manila posted this picture on her blog crockcronicles, and I just love it! I too hope I look like this old woman someday. You can tell she is lively, loves life, and is not bitter. Oh, Father, to have that grace.
Once Again Pit Bull Attacks Gold on Lake Tillery



Ken and Lynn Cross, of River Run Road, were taking a much needed walk in their neighborhood, when once again they were attacked by the same pit bull dog as before. They were walking and talking down the dirt alley behind Lake Tillery Road when out of no where, it seemed, the pit bull runs up from behind one of the cars on the said property and rushes the golden retriever puppy's throat. The puppy's name is "Bama" and of course the smallest and most vulnerable of the Crosses dogs. She, the pit bull, approached from under the fence and down the dirt alley way. She began grabbing the throat of Bama when Mr. Cross noticed that something was amiss. He turns toward the perpetrator and sees that his puppy is being attacked. He then picked up a stick and with his large frame begins to rush at the dog. She lets go of Bama and runs back into her yard with her tail between her legs. As Mr. and Mrs. Cross proceeded down the dirt alley way, the pit bull comes back out of her yard to once again chase the unprovoked animals. Mr. Cross said, "At that point all I had to do was turn around and show the dog my stick and she high tailed it back to her own yard. I for one am sick of being chased by this animal. She never comes up in any friendly fashion as dogs are accustomed to, she stealthily, and very quietly goes right for our younger dog." Mrs. Cross related that the last time this happened the owners were warned and fined in order for them to keep the dog in the pen. But, "As you can see they are not following the Animal Controls demands and are letting the dog out of the pen on a rope lead. We talked to a woman down the street from them, that have also had the dog picked up by Animal Control. And here it is causing fear and anxiety once again."
Labels: pit bull
"Marwage, it's what brings us here today"

I have recently read the book, The Princess Bride. My husband has been a fan of the movie for years, and I never really "got" the humor. So, I decided to read the book. It was one of the few books that are exactly like the movie, probably because the man that wrote the book also wrote the screen play. As I was laughing at the part in which Buttercup is about to be wed to the wrong man, Prince Humperdink, I found myself repeating the priest's words over and over, "Marwage, it's what brings us here today," or "Twoo Wuv." My kids all know the funniest lines and repeat them often, and now I am doing the same. As I was having fun giggling I was also reminded of the truth in the statements, metaphorically and substantially. Marriage is why I am where I am, and I married for true love. Metaphorically, I am looking forward to the Marriage Supper of the Lamb because of the true, pure love, of my Savior for I am His Bride.
9/1/08
I'M BACK!

I do apologize for the long time it has taken for me to finally post another blog. I have been out of it for quite a while. My husband and I went on a cruise to Alaska for two weeks, it took a week to get ready to go to Alaska, when we got back we had two days to get Margaret off to Covenant College, we spent four days out of town doing that, Karen and Rebekah started their new schools, and then I have taken a week to get laundry done, and try and get my house in order. The one thing that I have learned is that it never gets better! Time is always being eaten up by something, and when I wait like I have, there is never a good time to come back to do the things that I love, like writing. I promise to post a long one either tonight or tomorrow. I ripped my last contact Thursday, and have been half blind since then. I have to prop my computer up on my chest about four inches from my face just to see to type. I hope my contacts arrive by mail tomorrow. Please check back. Love you all. Lynn
