Faith and Economics

Back by popular demand! We are revisiting one of our most thought-provoking conversations on the sunk cost fallacy and why our past investments can make it so hard to let go. The sunk cost fallacy is when one has already invested into a project, begins to examine the overall cost estimate involved and with the project, and thus commits to the project even harder because they are personally invested in the project. Yet, some economists say NO, you must only examine the future costs and rewards! What do you think? Join the conversation now!!

What’s in store for 2026? Join the Gwartney Team to discuss their predictions for the coming year in culture, politics, and even sports. Remember, the Gwartney Team has a predictive success rate of 100% going back 38 years, so you can put your full confidence in our prognostications.* Join in to learn what’s happening… before it happens!*I have been informed that no, they don’t, and also no, you can’t.

The podcast returns to the topic of Venezuela. In early December we (boldly!) predicted regime change in Venezuela, and a month later Maduro is in U.S. custody. An enormous amount of questions linger: How did Venezuela wind up with a socialist strongman like Maduro? Should the US remove global leaders who oppress their own citizens regardless of US interests? Was it in the best interests of the US to remove Maduro? Was unilateral, surgical extraction the best method of regime change? And, very importantly: What comes next?

Peter leads a discussion going over an interesting nonfiction book by one of the podcast's favorite authors. The Abolition of Man argues against various forms of relativism and scientism, defending a version of natural law grounded in a moral realism that Lewis claims is the bedrock of all historically successful cultures.