Jerry Bowyer

Jerry Bowyer

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God and Economics, the Video: How Sound Economic Policies Lead to Prosperity

By Jerry Bowyer (May 10, 2012)

A few years ago, frustrated with the low quality of economic discussion in our nation, I decided that I needed to do something about it. As I did not have the power to cajole... more

I Am America's Amygdala

By Jerry Bowyer (May 04, 2012)

I am America’s amygdala. I reside in the temporal lobe of the human brain, near the hippocampus. There are two of me in each normal human brain, and we are both shaped like... more

Glenn Beck, National Decline And The Story Of The Roman Empire

By Jerry Bowyer (Apr 28, 2012)

In my last installment in this series I argued that talk show host Glenn Beck was raising legitimate concerns about the state of the nation, but that he had a... more

Two Cheers For Glenn Beck, With Some Reservations

By Jerry Bowyer (Apr 14, 2012)

Glenn Beck’s analyses of the history of authoritarian movements has many people concerned, and justifiably so. Most recently Beck has been laying out the ways in which the... more

Problems With the Truth: Confessions of a 22-Year Rick Santorum Observer

By Jerry Bowyer (Apr 05, 2012)

I’ve known Rick Santorum for 22 years, having first met him in 1990 before he’d won his first campaign for Congress. I interviewed him on WORD-FM, an evangelical Christian... more

Gold, Money Creation, and the Monetization of Debt

By Jerry Bowyer (Mar 31, 2012)

In the previous article in this series I pointed out that even after recent dramatic sell-offs gold prices are still higher than one would expect if one saw them as... more

What Gold Sees, and Ben Bernanke Does Not

By Jerry Bowyer (Mar 23, 2012)

Last August I wrote a short series for Forbes.com on valuation techniques for gold, (Some Thoughts For The Gold Bulls, The Case Against Buying Gold,... more

'My Brother's Keeper': Answering My Critics and Obama's Defenders

By Jerry Bowyer (Mar 09, 2012)

In a previous column, I took the President to task for his repeated use, most recently in his speech at the National Prayer Breakfast, of the phrase “my brother’s... more

The Price of Low Interest Rates? Weaker Economic Recoveries

By Jerry Bowyer (Mar 03, 2012)

The great Austrian School economist Friedrich Hayek had an important insight in Prices and Production which should cause us to be on the lookout for some severe... more

What Is the Liquidity Premium? What Does It Mean?

By Jerry Bowyer (Feb 24, 2012)

In the outstanding 1980s miniseries about the development of the first atomic bomb, Day One, the Hungarian physicist Leo Szilard is quoted as saying that he always keeps... more

Dear President Obama: I'm Only My Brother's Keeper If My Brother Is My Sheep

By Jerry Bowyer (Feb 10, 2012)

There are lots of things that people think are in the Bible, but really are not. For example, “God helps those who help themselves” is not there, nor is “Cleanliness is next... more

Why Analysts Can't Properly Value Stocks And Bonds

By Jerry Bowyer (Feb 03, 2012)

We’ve already taken a look at the ways in which modern Keynesian economics and its nephew modern portfolio theory insulate finance from economics by failing to use the... more

On Risk, Follow the Iron Lady

By Jerry Bowyer (Jan 30, 2012)

Why does everybody start talking about systemic risk, after a crisis has already started? If we define a systemic risk event as something large enough to affect the entire... more

Forget Systemic Risk, Let's Look For System Saving Events

By Jerry Bowyer (Jan 17, 2012)

I’ve been writing lately about right tail risk, which refers to the possibility of the occurrence of unusual and unexpected events which might make the whole global economy... more

Christmas, Kurtosis, Fat Tails, Black Swans and Risk Management, Pt. 2

By Jerry Bowyer (Jan 07, 2012)

Christmas season is as good a time as ever to remind you that a probability distribution has two tails. Event distributions have been getting a lot of attention over the past... more

Christ vs. Caesar on Wall Street

By Jerry Bowyer (Jan 01, 2012)

Christ was born into the Pagan world of Rome, a world of cyclical despair. As historian of science Stanley Jaki spent his life documenting, the pagan world view was one of... more