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Economic Meanderings of a Saturday

What's more fun than learning good stuff on a Saturday, especially when it comes to good economic principles? Not much.  ;-)  Here are some insights I've had today during my studies.

Jump Starting "Too Big to Fail" in 2004

“We’ve said these are the big guys,” Harvey J. Goldschmid, a Securities and Exchange Commissioner said, provoking nervous laughter, “but that means if anything goes wrong, it’s going to be an awfully big mess.” It was a mess, but the government cleaned up the mess at the expense of you and me, by giving more favors to the same large banks very similar to the ones it gave them at that fateful meeting in the spring of 2004.

From Believing to Knowing--Via Doubts

When I was 11 years old, I was asked to bear my testimony to my "Blazer" primary class of our Latter-day Saint ward.  I remember it vividly, because at that time I said "I can't say that I know  the Church is true, but I can say that I believe  that it is true."

Joseph Smith's First Vision: Were All Religious Creeds Really An Abomination?

The official version of Joseph Smith's " First Vision ", found in the Pearl of Great Price of the Church of Jesus Christ of Latter-day Saints, says that God told Smith that "all [the] creeds [of the existing religions] were an abomination in his sight". Many non-Mormons take great offense at this characterization of their religions.  But I intend to show in this article that Smith used the   perfect  word to describe the situation, a word that, when properly understood, should not be offensive to anyone.

The LDS Book of Abraham: We Don't Have That Papyrus

There are a lot of misunderstandings, inside and outside the Church of Jesus Christ of Latter-day Saints, about Joseph Smith and the Book of Abraham. The most common misconception is the idea that the fragments once housed in the Metropolitan Museum of Art were the source of Joseph Smith's translation.  They almost assuredly were not.

The Hazards of Occupational Licensing

Is occupational licensing beneficial to society? In a relatively few cases... perhaps .  But in the vast majority of cases massive detriment lurks.  Here are a few examples, including in the medical industry, which, currently under licensing regulation, doesn't seem to be benefiting.

Evolution: It's Natural that There are Three Types of Selection

I believe in evolution. We are constantly evolving. I'm sure you've heard of "natural selection". But I think we have the opportunity to evolve in two additional ways.  I call those methods free selection and divine selection.