Welcome to the online home of Tim Challies, blogger, author, and book reviewer.

Tim Challies

Challies on FacebookChallies on Twitter

June 2009

June 26, 2009
Windows 7
As of today, Amazon is selling offering pre-orders of Windows 7. If you’re using a Windows PC, this is said to be a must-upgrade. If you order through Amazon, they’ll make sure it’s delivered on the software’s release date.
Hitler’s Stealth Fighter
An article at National Geographic looks at a stealth fighter that was under development during World War II but which never went into production.
Piper on TV and Movies
John Piper explains why he does not have a television and why he only rarely goes to movies. He also explains what boundaries he sets in terms of content. (HT:Everyone else in the Christian blogosphere).
The Descent into Credit Card Debt
Mint.com shows how you can so easily slip into serious credit card debt.
The Cap and Tax Fiction
“Despite House Energy and Commerce Chairman Henry Waxman’s many payoffs to Members, rural and Blue Dog Democrats remain wary of voting for a bill that will impose crushing costs on their home-district businesses and consumers. The leadership’s solution to this problem is to simply claim the bill defies the laws of economics.”
Driving While Texting
Car and Driver Magazine tested how long it takes to hit the brakes “when sober, when legally drunk at .08, when reading and e-mail, and when sending a text.” Here are the results: Unimpaired: .54 seconds to brake; Legally drunk: add 4 feet; Reading e-mail: add 36 feet; Sending a text: add 70 feet.”
Deal of the Day: In the Hands of God
In the Hands of God, the new album from Newsboys, is on sale at Amazon for a limited time at just $3.99.
June 25, 2009

Today we come to our second reading in Jeremiah Burroughs’ The Rare Jewel of Christian Contentment. If you have not yet started the book but would like to read along with us, you’re not too late. We are only two chapters in and you can still easily catch up.

Last week I had said that we would read chapters 2 and 3, but several participants in this program suggested that was hurrying things too much. I think they are right, so this week we will look only at chapter 2 and next week will turn to the third chapter. We will try to maintain a good, slow-for-summer pace of a chapter per week.


It is undoubtedly a little too early to get too excited about the book, but through the first couple of chapters I feel like this book is going to be one of my favorites. Everything Burroughs writes seems to smack me right between the eyes. He so clearly has that ability so many of the Puritan writers had to probe into the deepest recesses of the heart and to bring truth to bear on it.

In this chapter Burroughs looks to “The Mystery of Contentment.” The business of this book, he says, is to do just this—to open to you the art and mystery of contentment. The mystery is this: how can a person be content with his affliction and yet thoroughly sensible of it at the same time, so that he even endeavors to remove it. “How to join these two together: to be sensible of an affliction as much as a man or woman who is not content; I am sensible of it as fully as they, and I seek ways to be delivered from it as well as they, and yet still my heart abides content—this is, I say, a mystery, that is very hard for a carnal heart to understand.”

He provides seven “things for opening the mystery of contentment,” though he assures that reader that much more could be side besides these.

First, it may be said of one who is contented in a Christian way that he is the most contended man in the world, and yet the most unsatisfied man in the world. A man who has learned how to be content can be satisfied with any low condition in the world and yet he cannot be at all satisfied in the enjoyment of all the world. It is worth sharing a lengthy quote here:

A carnal heart could be satisfied if he might but have outward peace, though it is not the pace of God; peace in the state, and his trading, would satisfy him. But mark how a godly heart goes beyond a carnal. All outward peace is not enough; I must have the peace of God. But suppose you have the peace of God. Will that not quiet you? No, I must have the God of peace; as the peace of God so the God of peace. That is, I must enjoy that God who gives me the peace; I must have the Cause as well as the effect. I must see from whence my peace comes, and enjoy the Fountain of my peace, as well as the stream of my peace. And so in other mercies: have I health from God? I must have the God of my health to be my portion, or else I am not satisfied. It is not life, but the God of my life; it is not riches, but the God of those riches, that I must have, the God of my preservation, as well as my preservation.

Second, a Christian comes to contentment not so much by way of addition as by way of subtraction. In other words, a Christian finds contentment by subtracting from his desires rather than adding to them. A carnal heart believes it can only be made content by adding such and such possessions; a Christian heart realizes that “the root of contentment consists in the suitableness and proportion of a man’s spirit to his possessions. … The heart is contented and there is comfort in those circumstances.”

Third, a Christian comes to contentment not so much by getting rid of the burden that is on him as by adding another burden to himself. This is to say that a Christian labors and burdens himself with his own sin. “The heavier the burden of your sin is to your heart, the lighter will the burden of your affliction be to your heart, and you shall come to be content.”

Fourth, it is not so much the removing of the affliction that is upon us as the changing of the affliction, the metamorphosing of the affliction, so that it is quite turned and changed into something else. “You shall be poor still as to your outward possessions, but this shall be altered; whereas before it was a natural evil to you, it comes now to be turned to a spiritual benefit to you. And so you come to be content.”

Fifth, a Christian comes to this contentment not by making up the wants of his circumstances, but by the performance of the work of his circumstances. “A carnal heart thinks, I must have my wants made up or else it is impossible that I should be content. But a gracious heart says, ‘What is the duty of the circumstances God has put me into?’” Burroughs says also, “I know nothing more effective for quieting a Christian soul and getting contentment than this, setting your heart to work in the duties of the immediate circumstances that you are in now, and taking heed of your thoughts about other conditions as a mere temptation.” Here he offers a great illustration about a child climbing a hill, but I will lead you to seek that out on your own.

Sixth, a gracious heart is contented by the melting of his will and desires into God’s will and desires; by this means he gets contentment. “In one sense, he comes to have his desires satisfied though he does not obtain the thing that he desired before.” He does this by making God’s will and his own the same.

Finally, the mystery consists not in bringing anything from outside to make my condition more comfortable, but in purging out something that is within. Those who are worldly demand what is outside themselves to bring out contentment; Christians know that contentment comes by putting to death the evil desires that lurk within.

As I read this week’s chapter, challenged at each of the seven points (and wishing that I could read it again and again) I realized that this is a book useful for arming me before trials come. Sure, it would be a book to read in the midst of a trial, but even better, I think, it is a book to read in times of peace, in times of relative contentment. Here we can arm ourselves for those tough times, those inevitable tough times, when we will be faced with great discontentment and will have to choose whether we will embrace the circumstances and find joy in them or whether we will become bitter, allowing our circumstances to master us.

What a treasure this book is. And we are only two chapters in.

Next Week

For next week, simply read chapter 3. Then, on Thursday, swing back by this site and we can discuss the chapter together a little bit.

Your Turn

The purpose of this program is to read these classics together. So if there is something you’d like to share about what you read, please feel free to do so. You can leave a comment or a link to your blog and we’ll make this a collaborative effort.
June 25, 2009
Gossip Affects Your Spiritual Waistline
Chris Brauns: “Bits of gossip are like chocolate nuggets: smooth and creamy, they melt in your mouth: it tastes good to be in the loop; it is sweet to hear someone else notice the same weaknesses in another that have frustrated you; it feels spiritual to ask for prayer - - gossip and grumbling and complaining are a tempting treat.”
A More Powerful Fed
Just what America needs: “During the debate over financial regulation, the Federal Reserve chairman, Ben S. Bernanke, has been surprisingly quiet. But behind the scenes, he has been a forceful proponent of giving the Fed more power, both defending his management of the economic crisis and arguing that more authority would help the agency act more decisively to reduce the chances of a recurrence, according to interviews with lawmakers and officials from the Fed, the Treasury and the White House.”
How to Live Well Financially
Randy Alcorn offers wise counsel about making wise financial decisions.
A Wedding Story
Ali shares a great little wedding story from the other side of the world. “Bright and early on Saturday morning, we got our whole group down to the dock to find that, in typical West African fashion, the drivers we had chartered were ready to go, but refused to leave until we paid them an extra ten thousand cefa (about twenty US dollars). It was seven fifteen in the morning, the wedding was scheduled to begin at two thirty, and we were off to a promising start.”
No Country for Burly Men
I found this rather interesting: “A ‘man-cession.’ That’s what some economists are starting to call it. Of the 5.7 million jobs Americans lost between December 2007 and May 2009, nearly 80 percent had been held by men. Mark Perry, an economist at the University of Michigan, characterizes the recession as a ‘downturn’ for women but a ‘catastrophe’ for men.”
Deal of the Day: Does Grace Grow Best in Winter?
RHB has Ligon Duncan’s new book on sale, today only.
June 24, 2009

June 19 marked the beginning of Toronto’s annual Pride Week. Now in its 28th year, this is a week-long celebration of diverse sexual and gender identities. Here is how the organizers describe it: “Pride Week celebrates our diverse sexual and gender identities, histories, cultures, creativities, families, friends and lives. It includes a three-day street festival with over eight stages of live entertainment, an extensive street fair (including community booths, vendors, food stalls), a special Family Pride program, a politically charged Dyke March and the infamous Pride Parade.”

My friend John Bell pastors New City Baptist Church right in the heart of Toronto and has an active evangelistic ministry within Toronto’s gay village. I asked him if he would write an article reflecting on some of the joys and challenges in this unique ministry.


It is Gay Pride week here in Toronto and Tim has asked me to write a guest post detailing my evangelistic efforts in Toronto’s LGBT-oriented community [LGBT stands for Lesbian Gay Bisexual Transgender). I would appreciate any helpful insights or criticisms the readers of this blog can offer me, as well as your prayers.

I began this ministry two years ago while working as an intern in a downtown Toronto church. I was told that part of my internship duties would involve three hours of evangelism every week in a coffee shop or pub. This was not happy news. To be honest, I find this kind of evangelism very intimidating. “Cold call” is not my style; I’m too polite! As the pastor explained what he expected of me, a likely scenario played itself out in my mind: I approach somebody at Starbucks who is reading a book and drinking a latte. I introduce myself and ask if I may sit with them and talk. Naturally, they want to know my business, so I straightaway introduce the topic of religion or Jesus, probably sounding like the Mormons who came to their door the previous week while they were eating dinner.

Personally (and God uses all types, so I’m not making an absolute statement) I find this kind of evangelistic tactic less than ideal. I don’t know anything about this person, yet I have just interrupted their morning coffee to talk about what I want to discuss. I wanted my evangelism to get off on a better foot, to be more natural; I wanted to initiate the discussion in a way that was neither “rude” nor by way of a specious pretext (conducting a poll on spirituality, etc). Moreover, if I asked to sit and speak with a woman, she might think I was hitting on her. Of course living where I do, a man might think the same thing. Better to take the bull by the horns, I thought. I had never been to a gay coffee shop before but I thought (correctly) that gay men would want a complete stranger to sit with them and chit-chat, so that’s what I decided to do.

Toronto’s gay village is just a ten minute walk from where I live. The first time I ventured out, I prayed to the Lord that he would show me where to go and what to do and what to say. I was very nervous. I had no plan. I was certain I was going to see all manner of disgusting things and that I was going to be thrown bodily out of the establishment for disseminating fundamentalist hate. But I had to tell my pastor that I had evangelized for three hours that week, so I was stuck.

The Lord went ahead of me. I stepped into the first coffee shop I saw, a Timothy’s at Church and Alexander. I found out later that this is the gay coffee shop in all of the Greater Toronto Area. (See the Wikipedia article http://en.wikipedia.org/wiki/Church_and_Wellesley). Its clientele is mostly middle-aged men. I bought my coffee and looked around for a place to sit. The tables are very small and the seats are close together—perfect for evangelism, though I’m sure that was not the original intent!

The gay community in Toronto is very close-knit. Most of the men have known each other for years and everyone is on a first name basis. Many men are fixtures at this coffee shop. I have become friends with four of these fixtures: A– , who has severe cerebral palsy that confines him to a wheel chair (that does not impede his sex life, however; he told me he’s had hundreds of partners); D– , an HIV infected drag queen who was molested by a Catholic priest; J– , a civil servant, recently relocated from Ottawa; and C– , who works in the credit department of a national bank. These men have accepted me as their friend and have introduced me to other gay men, although they know I’m a straight, born again conservative Christian who does not condone their lifestyle.

I have talked to quite a number of gay men now—almost all of them white and middle aged. Many of them came out of the closet after having been married with kids. For whatever reason, 85% have come from Catholic backgrounds. That means that much of my evangelistic groundwork has already been covered. There is no need to explain that the bible has two testaments, or who Moses or Abraham were, or convince them of the historic factuality of the resurrection; for the most part, they believe it. I’m finding it’s the authority of scripture that I need to deal with the most.

When I first meet someone at the coffee shop and they ask me what I do (which is a natural “in” to introducing the gospel) they assume that I must be a liberal gay Baptist minister, because otherwise what would I be doing in their coffee shop? (The first man I talked to had only just broken up with his boyfriend, a Methodist pastor.) I begin by asking them questions. I get them to do all the talking for the next 45 minutes. I ask them about their job, their background, their family life, their personal life and what they believe and why so I can get a picture of their epistemology and worldview. Needless to say, I frame my questions in an inquisitive, slightly naive, polite fashion, not in an interrogative, formal way. Gay men love to talk (at least the ones in this coffee shop seem to) and people in general today enjoy discussing “spirituality”. Then, out of politeness, they will inevitably ask me what I believe. So I tell them the gospel, starting with Genesis 1, laying out for them the biblical storyline and worldview.

I have been able to share the gospel with many men over the past two years, even though I am saying things highly offensive to the gay lifestyle—which is actually their identity. I base everything I say on the authority of the word; that is, I make it clear to them that that is what I am doing, that I believe the bible is authoritative for all peoples in all cultures and times because it is God’s authoritative revelation to human beings. I stress this emphatically. And I tell them that the Bible condemns me, it condemns everyone. It condemns me as an idolater, someone who is selfish and sinful, who has de-godded God and installed himself in the position of “The Ruler of John’s Life.” I have done things in my life that I am ashamed of and oftentimes what I am ashamed of the bible calls my “sin” (I have found that gay men can relate very well to shame). I do not zero in on their homosexuality (which is what they expect me to do) but rather the fact that they are sinners. Now, more often than not, they will push me and ask if practicing homosexuality is a particular expression of their sinful disposition and I will not hesitate to tell them “yes.” When asked, I tell gay men that, personally, I have a “live and let live” approach to everyone’s sex life, but my personal opinion doesn’t count for anything if God, our creator, has declared otherwise. I tell them I know that I am sounding very intolerant and bigoted when I tell them that they are sinners and that their lifestyle is not pleasing to God. Who am I to tell another human being such a thing on my own authority? But then I explain that it is not on my own authority that I am saying these things. Rightly or wrongly, I am utterly convinced that the bible is the revelation of God. I am banking my eternal soul on it being so. It condemns me, but I have found salvation in Christ. It condemns you. I am here to tell you about the salvation that I have found in Jesus, that I believe you need, that the bible says he needs.

By presenting the gospel in this fashion (which is the same way I present it to heterosexuals) I have yet to have someone become outraged over my perceived intolerance—though I am sure that day is coming! In fact, being straight and conservative has worked in my favor because they see that I must really care about them to come into an environment where I’m a fish out of water to tell them a message that I know they will find offensive. And I do really care for them. Many of them come from backgrounds where they would have believed something similar to what I believe about the authority of God’s word, from a Catholic perspective, but have since “moved on.” Perhaps I am young and deluded in their opinion, but I’m a nice guy and they put up with it, because they can see that I love them, and often times they will say, “We will hear you again on this matter”. They like the fact that I am willing to be their friend, even if I don’t condone their beliefs. I think that shows an integrity and respect; they respond to it and are willing to reciprocate.

I do all this because I love the LGBT community. They are a community comprised of individual eternal souls. Sadly, they are culture that has almost no contact with biblical Christianity in any form. How many drag queens can count a born again Christian amongst their friends? Very few, to our shame.

I’m the pastor of a new church plant in downtown Toronto and it is my earnest prayer that God would use our people to impact this spiritually needy community. I pray for the day when transvestites can walk through our church doors and be greeted with genuinely warm smiles and Christian love. But before that day is likely to happen, they will need a Christian friend whom they have grown to trust; a person they know would never invite them to a place where they are going to be hurt or embarrassed publicly; a place where everyone is on level ground before the cross of Christ because all are sinners; a place where no one person’s sin is made out to be more repugnant than another’s; a place where all sinners can sit under the uncompromised preaching of holy Scripture and hear of the world’s only Savior and salvation in his name alone.

I pray that we would be more deliberate in this regard; that as God’s sovereign grace works through his faithful witness, the church, we would see more gay men and women come to Christ.

June 23, 2009

The BetrayalI wonder what Calvin would have said, what he would have thought, if he could have peered five centuries into the future and seen how he would be honored on the five hundredth anniversary of his birth. Several new biographies; a long list of conferences; books discussing every aspect, every facet of his theology; a bobblehead; and now The Betrayal, a novel that recounts his life as historical fiction.

June 23, 2009
To Be Like Jesus
Bob Kauflin has announced the release of the new CD from Sovereign Grace Music. It is titled To Be Like Jesus and “contains twelve worship songs that teach the fruit of the Spirit in a creative and memorable way. Through these songs kids will learn that Jesus is our perfect example of love, joy, peace, patience, kindness, goodness, faithfulness, gentleness, and self-control. More than that, they’ll discover that we can’t be like Jesus unless we trust in the power of his cross to forgive us and the power of his Spirit to change us.”’
A Letter from Ray Ortlund to his Family
Josh Harris: “I came across a letter that the late Ray Ortlund wrote for his family before he went to be with the Lord. His son, Ray Ortlund, Jr., found it in his father’s desk and I’m grateful that he and his mother chose to share it with others. I know very little about this man, but I’d like to end my life like him, trusting God and encouraging my family to love and serve Jesus Christ. Read the letter.”
Everybody Needs a Little Love
Here’s another entry in “Mondays with Mounce.” This week he looks at the well-worn Greek words for love.
What Scott asked Kurt
Scott Anderson: “Today, at the Marketplace One Leadership Institute, our class had the interesting opportunity to do about 40 minutes of Q&A with Kurt Warner, quarterback for the Arizona Cardinals.” Scott asked a good question and got a great answer.
Something to think about while shopping: “More than 98% of supposedly natural and environmentally friendly products on US supermarket shelves are making potentially false or misleading claims, Congress has been told. And 22% of products making green claims bear an environmental badge that has no inherent meaning, said Scot Case, of the environmental consulting firm TerraChoice.”
June 22, 2009

I’ve been enjoying writing these little articles titled “Don’t Take Your iPod to Church.” I’ll be the first to admit that I am overstating my case a little bit and even being deliberately vague at times. But through it all I’m seeing some great discussion and am being asked lots of interesting questions. It may be frustrating to everyone else, but I’m enjoying it, at the very least! Let’s press on.

In a previous article I introduced Marshall McLuhan and Neil Postman and their contribution to my thinking on technology. From McLuhan we learn that we cannot neatly separate the medium from the message and from Postman, an interpreter of McLuhan, we learn that every medium carries with it some kind of a worldview—that every medium carries with it “a predisposition to construct the world as one thing rather than another, to value one thing more than another, to amplify one sense or skill or attitude more loudly than another.” Also from Postman we learn the simple truth that “a technology does what it was created to do.” Over time we will learn what it is that a technology was created to do; rarely do we know in advance how a technology will play out. We tend to be immediately positive about technological innovation, but from these two men we learn that there ought to be a certain caution, a hesitation that causes us to look before we leap, to think before we wholeheartedly embrace a new technology—like reading the Bible on an iPod.

So let’s look today at why reading the Bible on an iPod is not the same as reading it in print. I want to look at just two points: linearity and distraction. I’ll grant that there is much more than could be said and that my thinking in this area is undoubtedly underdeveloped. I am thinking these things through as I write them. So take this for what it is.

There is a kind of linearity in a book that is not present in most other media. This is one of the greatest advantages of books and undoubtedly one of the reasons God had Scripture committed to books (and before that scrolls and before that memory). In a book, we read from beginning to end, progressing from introduction to conclusion, from thesis to the proving of that thesis, from explanation to application. We know this is the case with a book—a book amplifies this sense, this skill, of following and grasping a linear argument. This has been one of the most common arguments against using television as a learning medium; though it can display facts, it does so in a non-linear way. The worldview wrapped up in television is one that is non-logical, non-linear. The same is true of electronic media.

Hypertext, text in a digital format, is a double-edged sword. Text in a digital environment is inherently non-linear because it is inherently interactive. Simply compare a printed Encyclopedia Britannica of old to Wikipedia of today for a stark contrast. A person reading the encyclopedia reads an entry from beginning to end, undistracted, focused on just the topic at hand. A person reading Wikipedia is constantly faced with bright blue text. Not only is the color a distraction but the reader knows that each highlighted word links to a new article. Gone is the linearity of a book and gone is the lack of distraction. You, like me, undoubtedly read a few words or a few paragraphs, before being carried away by clicking one of those blue links that demands your attention.

Reading the Bible in electronic format makes it easy to chase down cross-references, to read notes related to the content, to find word definitions and so on. But all of this is at the cost of the natural, God-given flow of the text. As we use our iPods in place of our Bibles, we begin to understand Scripture as we do Wikipedia, a text suited more to browsing than deep study. We begin to feel the Bible is interactive, that it is more for skimming, for following trails from A to B to Z than for deep study or analysis. This is all wrapped up in the very worldview of the electronic device.

At the same time, the ease of accessing the Bible using hypertext causes us, I think, to view accessing information, rather than applying information, as the noble end (see part 1.5 for more on this).

All of this to say that a book is inherently a better medium for linear study of a linear text.

And this brings us to distraction.

An iPod or iPhone or Palm or Blackberry or whatever electronic device you use to read Scripture is not a devotional medium, it is not a medium used for study or deep reflection. It is an entertainment medium or a productivity medium (or both). When I use my phone, I use it partially for entertainment and partially for business (though I like to convince myself that it is more business than entertainment). My iPod is 95% entertainment with just a small amount of productivity involved if I need to use it to check emails while I’m out and about. So even if I read Scripture on my iPod, I am reading it using an entertainment medium. Thus I am reading it in the context of entertainment. I like to think that my mind can easily make this jump, that I can use it for entertainment in one moment and devotion in the next. But I may be giving my mind too much credit (at least if Postman and McLuhan are to be believed). Can my mind, then, focus and study the text as it does when I read from a book? Or am I inadvertently viewing reading Scripture as a form of business or entertainment?

Furthermore, iPods and iPhones and all the rest of these devices are inherently distracting. They are made to be distracting, tying into one small device a variety of functions that are in constant competition with one another. The iPhone commercials teach us as much, showing a person browsing the internet and then seamlessly receiving a phone call. Multifunction is their very function and we cannot expect to escape that by using ours for a different purpose. Even when reading the Bible, we might at any moment receive a text message or phone call or a calendar notification or some other kind of an audio or visual stimulus. All the while we have information about battery life and data reception and such on the screen before us, distracting us. We cannot sit back and relax and read using an iPhone because we know that, at any moment, we might (and probably will) be distracted. The medium contradicts the message.

My Bible never rings; it never buzzes or beeps or shows up with sudden calendar notifications. It simply shows me the words given by God in a medium that is inherently undistracting.

All of this to say that a book is inherently a better medium for undistracted study of a life-changing text.

I’m done for now. Have at it.

June 22, 2009
Chinese Calvinism
The Guardian has a rather strange article about the growing popularity of Calvinism in China. “Although Calvinism is shrinking in western Europe and North America, it is experiencing an extraordinary success in China. I spent some time on Monday talking to the Rev May Tan, from Singapore, where the overseas Chinese community has close links with mainland China. The story she told of the spread of Calvinist religion as an elite religion in China was quite extraordinary. There may be some parallels with the growth of Calvinism in South Korea, where the biggest presbyterian churches in the world are to be found, but it’s absolutely unlike the pattern in Africa and Latin America. There, the fastest growing forms of Christianity are pentecostal, and they are spreading among the poor. ”
Losing the Millennial Generation
This is a short but good article from True Woman. “Really, should it surprise us that we are losing our teens when we’ve spent so many hours away from them through the week? Has church robbed us, many times, from family meal-times, family devotion-times, family game nights, or family camping trips? Is this what the church should be doing?”
Some Benefits of Life Without Television
Jim and Amy Spiegel reflect on life without television and offer a list of five benefits they’ve experienced by not having TV in their home.
My Dad
This is a great Father’s Day reflection from pastor Ken Davis: “The father of the author of these devotionals was born in Clown’s Cove, Freshwater, Carbonear, Newfoundland. His parents had been brought to faith in Jesus in a ripple effect of the Welsh revival of 1904. The village of Freshwater was a fishing community of Welsh immigrants and when the revival hit in Wales, a preacher from there came to the village to preach the Gospel. I am a third generation spiritual descendant of the Welsh revival and all four of my children are the fourth. Some have said that revival didn’t produce any long term effects. My family is living proof that that is not true.”
Give Bankruptcy a Chance
From David Skeel: “What if regulators hadn’t bailed out Bear Stearns? If we conduct this simple thought experiment, it raises serious questions about both the conventional wisdom and the Obama administration’s new proposals for regulating investment banks and bank and insurance holding companies. Bankruptcy starts to look much better, although it could use several market-correcting tweaks.”
Deal of the Day: What Would Jesus Say About Your Church?
At Monergism Books you can get 50% off the retail price of What Would Jesus Say About Your Church by Richard Mayhue. Registered customers enter the code yourchurch during check out in the coupon box and your book will automatically be 50% off retail at checkout. One per customer. Offer ends Wednesday June 24th or while supplies last.