Archive for the ‘Economics’ Category
January 11th, 2010 | 
Author: “The primary cause of financial struggle is simply not knowing the difference between an asset and a liability.” So says Robert Kiyosaki in his book, Rich Dad, Poor Dad.
Economic categories are no longer what they were. It is now common to hear government officials say that the revenue they did not receive was a “cost” to the government.
Imagine going to the company accounting system and entering an amount in the costs of the company for revenue that was not obtained. “Let me see, we should have had another $10 million this year. Let’s put that in as a cost to the business. Better still, make it $10 billion.”
And you think corporate fiscal accountability is bad. Read the rest of this entry »
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The first argument against the use of debt is that the Bible tells us very plainly to avoid it. In a passage in Romans 13:8, the apostle Paul, writing under the inspiration of the Holy Spirit, tells us that we should “owe no one anything except to love one another” (Rom. 13:8a).
There are some, however, who argue that this passage is not referring to financial debt. Commentators are divided on the matter, and when the scholars disagree it is often difficult for the layman to form an opinion. Their position, however, is usually presented as a statement without supporting evidence. Read the rest of this entry »