Today on “Kresta in the Afternoon” – Mar. 11
Talking about the “things that matter most” on Mar. 11
4:00 – It Didn’t Have to Be This Way: Why Boom and Bust Is Unnecessary-and How the Austrian School of Economics Breaks the Cycle
Why is the boom-and-bust cycle so persistent? Why did economists fail to predict the economic meltdown that began in 2007—or to pull us out of the crisis more quickly? And how can we prevent future calamities? Economist Harry Veryser tells the fascinating (but frightening) story of how our modern economic condition developed. The most recent recession, far from being an isolated incident, was part of a larger cycle that has been the scourge of the West for a century—a cycle rooted in government manipulation of markets and currency. The lesson is clear: the devastation of the recent economic crisis—and of stagflation in the 1970s, and of the Great Depression in the 1930s—could have been avoided. It didn’t have to be this way. He makes his case.
5:00 – The Magician’s Twin: C. S. Lewis on Science, Scientism, and Society
Beloved for his Narnian tales and books of Christian apologetics, bestselling British writer C. S. Lewis also was a perceptive critic of the growing power of scientism, the misguided effort to apply science to areas outside its proper bounds. In a wide-ranging book of essays, contemporary writers probe Lewis’s prophetic warnings about the dehumanizing impact of scientism on ethics, politics, faith, reason, and science itself. Issues explored include Lewis’s views on bioethics, eugenics, evolution, intelligent design, and what he called “scientocracy.” Contributor Jay Richards joins us.