Presenting the Biblical basis for free market economics, capitalism, and sound investing.
Friday, June 26, 2020
Tulsa Race Massacre Reveals Resilience Of Black Entrepreneurs
Source: Courtesy of Tulsa Historical Society & Museum via AP
President Trump's recent rally in Tulsa didn't attract the expected crowd, but it was a good one. There was no violence and the President was at his best. One of the best things to come out of the event was increased awareness of the massacre of over 300 black citizens in Tulsa 99 years ago, the worst racial violence in US history.
Many former slaves left the deep south after the Civil War for Oklahoma expecting less discrimination among the tribes. The community in Tulsa became so wealthy it earned the nickname of the Black Wall Street of America. But many confederates also migrated and soon outnumbered the tribes and blacks. The KKK moved into Tulsa in 1920 and began looking for an excuse to attack the black community. It found one in the fabricated story of the rape of a 17-year old white girl, Sarah Page, by a 19-year old black boy, Dick Rowland.
National Conservatism Will Lead Us To Greater Socialism
Source: AP Photo/Charles Krupa
American Compass is the new “think” tank created by the National Conservative movement to persuade voters to adopt socialist economic policies. A recent article, Planning for when the market cannot, attacks the great Austrian economist F.A. Hayek and his explanation of knowledge in the market:
“Ultimately, Hayekian critiques of government planning are compelling only insofar as one is willing to ignore practical reality. His theories may have been adequate as anti-Soviet propaganda, but they are completely useless as a guide for policy.”
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