Crisis, Economics and the Compromise of Principle

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

The Workers in the Vineyard

THE WORKERS IN THE VINEYARD A parable takes a commonly-understood truth and uses it as a foundation (or a principle) to explain some other truth.  In other words, it takes what the audience already understands and then uses this understanding to explain something the audience does not understand. In Matthew 20, the parable of the workers in the vineyard teaches … 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

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