An IPS Commentary By Mike Winther, President of the Institute for Principle Studies Crisis, Economics and the Compromise of Principle As I write this, the world is in the middle of the Covid-19 epidemic and Congress has just passed an economic relief bill with an advertised price tag of about 2.2 trillion dollars. This is an amount roughly equal to … Read More
Modern American Bond-Servants
By Michael R. Winther, President of the Institute for Principle Studies As we go to the polls on this “Super Tuesday”, many of our ballots will include one or more bond measures. As we ponder our votes, it is good to remember that bond measures are deficit spending. All too often, Americans condemn debt and deficits, but then vote for … Read More
Unions & Collective Bargaining: Is there a simple answer?
Unions & Collective Bargaining: Is There a Simple Answer? An individual walks into a place of business seeking employment. The owner of the business and the job seeker interview each other, and both decide that an employment relationship may be to the benefit of each. They enter into negotiations over compensation and arrive at a mutual agreement on services to … Read More
Negative Interest Rates and the Impoverishing of America
An IPS Commentary By Michael R. Winther, President of the Institute for Principle Studies Negative Interest Rates and the Impoverishing of America If you have seen bank advertisements for CD rates, or if you have called your local bank or broker lately, you know that interest rates are abysmal. As I write this, Ally Bank is touting their 2-year … Read More
Negative Interest Rates
Negative Interest Rates If you have seen bank advertisements for CD rates, or if you have called your local bank or broker lately, you know that interest rates are abysmal. As I write this, Ally Bank is touting their 2-year certificate of deposit at a rate of 1.78%—I guess that is supposed to be a good deal these days. More … Read More
A Household Understanding of the Economic Crisis
An IPS Commentary By Michael R. Winther, President of the Institute for Principle Studies A Household Understanding of the Economic Crisis Despite the “gloom and doom” pronouncement that many commentators are making regarding our current economic situation, the formula for solving our nation’s economic woes is actually very simple. In fact, most average Americans already know the formula—in both a … Read More
Five Principles
An IPS Essay By Michael R. Winther, President of the Institute for Principle Studies Five Principles At this time in our nation’s history, it is increasingly difficult to write about a political or economic issue without invoking some reference to our faltering economy and the increasingly enormous government bailout expenditures. These economic circumstances represent an excellent opportunity for teaching the … Read More