Ask Chuck: Universal Basic Income Explained
Dear Chuck, Can you explain the concept of Universal Basic Income? It seems more like a Robin Hood plan than good economics. Concerned Taxpayer Dear Concerned Taxpayer, Universal Basic Income (UBI), known by many other names, is defined by its most ardent supporters like this: “It is a regular income paid to everyone without […]
Ask Chuck: Should I Buy a House?
Dear Chuck, My wife and I are considering buying a house now although it’s a year earlier than we planned. We don’t know if the low rates will be available next year. Should we go for it? Buy or Hold? Dear Buy or Hold, You and your wife are not the only ones with […]
Ask Chuck: Should I Buy Gold?
Dear Chuck, Gold is soaring now. Should I buy gold before our economy tanks? Gold Fever Dear Gold Fever, I’m probably going to step on some toes because people have very strong opinions about gold. Gold, speaking of the tangible metal, is an asset, a commodity, and makes for a good insurance policy–but not […]
Ask Chuck: Preparing For a Cashless Society?
Dear Chuck, I’m hearing more and more about a “cashless society.” What can we as believers do to prepare for such a possibility and how should we navigate the days ahead? Prepping for Digital Currency Dear Prepping for Digital Currency, This is not an easy question as there are many strong, differing opinions; some […]
Confronting Economic Injustice
My heart aches. I lament the cruel treatment of black people, the senseless loss of life. I have shed tears in private. I am disturbed by my only recent real sensitivity to the obvious pent up hurt and hopelessness in the black community. They are tired, frustrated, and longing for lasting change. So am I. […]
Ask Chuck: Is there Hope for this Economic Crisis?
Dear Chuck, Is the sky falling? I have never seen so much panic around a virus in my life! It seems the economic damage being done is worse than the flu? When will this nightmare end? Holding Out Hope Dear Holding Out Hope, Bear with me; a lot is going on. The events we […]
Ask Chuck: Will Social Security Go Broke?
Dear Chuck, I’m a recent college graduate with my first “real” job. With that comes paying into the Social Security System. My concern is whether or not there will be funds for me someday, especially in light of the recent deficit report. Worried Millennial Dear Worried Millennial, First, I am impressed with a number […]
Ask Chuck: 4 Steps to Prepare for a Recession
Dear Chuck, I keep reading about experts predicting that a recession is coming. What do you think? Although I am getting ready, what is your advice to help me ride it out? Getting Ready Dear Getting Ready, Of course a recession is coming! They are inevitable; we just don’t know when or if we […]
Ask Chuck: Everything You Need to Know About Negative Interest Rates
Dear Chuck, I can’t wrap my head around negative interest rates. What does this mean for my savings accounts in the bank? Can you help me figure this out? Confused about Rates Dear Confused, You are not the only one who finds this a challenge to understand. Simply put, it inverts the model that […]
Ask Chuck: Is Universal Basic Income a Biblical Solution?
Hey Chuck, I read more and more people pushing for Universal Basic Income (UBI)? This sounds cool but so does a free condo on the beach. First, what is it? More importantly, is it really a good thing? Interested in UBI Thanks for your important and timely question. UBI is being talked about heavily among […]