Very few people actually argue that there should be no tax to support the functions of government. Distributists accept that government has a proper role in society and needs to exist for the fulfillment of that role. The functions of government have a cost which must be covered, therefore, we must address the question of […]
When I first saw this story, I was surprised. Then I was vaguely sympathetic, for a few seconds. Then, I became completely incredulous that anyone could think about this for more than a minute and still believe that it’s a good idea: Free cars for poor fuel road rage. Not only did somebody apparently think […]
The American economy remains sluggish and, from all over the political spectrum, particularly the left, people have turned their attention to inequality. The Occupy Wall Street movement, though without actual plans for reform, emphasizes the growing inequality between the top one percent and the 99 percent of Americans below them, with the implication that income […]
The latest episode of This American Life follows the story of Mike Daisey and his investigation into the origins of Apple products, especially the iPhone which is “Made in China.” What might the iPhone say if it could speak for itself? Ira Glass provides some answers to such a question in the opening moments of this episode, “Mr. […]
There is one thing…that must strike all Englishmen who have the good fortune to have American friends; that is, that while there is no materialism so crude or so material as American materialism, there is also no idealism so crude or so ideal as American idealism. America will always affect an Englishman as being soft […]
It is sometimes said, following Milton Friedman’s insight, that business is not a friend to the free market, and the truth of this is no more evident than in recent battles between established restaurateurs and operators of mobile eateries. Once a business becomes established and enjoys a measure of success, a narrow view of its […]
I start my meditation with a true story that will serve as a parable. On his 21st birthday, the nature writer Francis Thompson was presented by his father with a bill for all the expenses of his upbringing including the costs of his birth and delivery. Francis paid the bill, but he never spoke to his […]
During their brief existence, the Occupy movement has already yielded some benefits on the economic front. As Fr. Thomas Massaro of Boston College puts it: My gratitude to the Occupy movement grows directly out of my identification with Catholic social teaching…. In these years of high unemployment, blocked opportunity, crushing debt, anxieties about future economic […]
I recently strolled down Grant Street in downtown Pittsburgh and was struck by two images. First, there was the stirring life-sized Nativity that each year is displayed on the property of the giant U.S. Steel building. It is an inspiring sight. As I walked along, however, my eyes were distracted by something I was not […]
I did most of my growing up in Springville, New York, a small town boasting about 4,200 citizens in the southtowns of Western New York. The nearest big city is Buffalo, which boasts several verypopular sports teams. Buffalo is a sports town, despite a complete lack of national championships in any of them (though the […]
Distributism includes the principal of subsidiarity, the idea that the family is the basic unit of society and higher levels of societal organization (city, county, state, federal) exist to support the lower levels without the authority to usurp their roles and rights. The higher the level of societal organization (government), the lower its scope of […]
“No matter your thoughts about the Occupy Wall Street movement, the protesters were right in at least one respect: The rich are getting richer, and the poor are getting poorer.” Variations on this statement were repeated in dozens of blogs, commentaries, and even news reports in the past months. The claim comes via a Congressional […]
In a recent piece for the Wall Street Journal, Andy Stern, an Obama insider and one of organized labor’s more aggressive personalities, praised what he called “China’s superior economic model.” Does China have a superior economic model? That depends: Superior to what? Mr. Stern, who headed the Service Employees International Union, cited Andy Grove, founder […]
Economics” is the name which people have come to give to the study of wealth. It is the study by which we learn how wealth is produced, how it is consumed, how it is distributed among people, and so on. It is a very important kind of study, because it often depends upon our being […]
“We must re-establish the primacy of politics over the market.” That sentence, spoken a little while ago by Germany’s Angela Merkel, sums up the startlingly unoriginal character of the approach adopted by most EU politicians as they seek to save the common currency from what even Paul Krugman seems to concede is its current trajectory […]
Many, many books, articles, and experiences have inspired and influenced this Urban Homesteading idea (see Part 1). I cannot possibly include them all here – but I have tried to include a few items that capture the major themes that have inspired me. This first article deals with urban agriculture and its economic impact. It […]
I was born in Norwich, CT at William Backus Hospital; and lived in Norwich until I was three years old. My family then moved to Hartford, my father worked downtown as a State employee and I was raised in Hartford until reputable families fled the city for the suburbs. East Windsor was home until college, […]
One fact that has become increasingly evident in the Great Recession’s wake is the disproportionate influence exerted upon economic policy by those aged 65 years or older. This group is far more economically secure than most other Americans — according to a recent Pew Research Center study, the gap between the average net worth of those […]
Ancient Wisdom for Modern Nations The horses’ feet clop upon the stone road as the carriage rocks along, the sound of conversation echoing from its confines out into the quiet countryside. It is 140 BC. The Roman nation is nearing the apex of its affluence and power. Death, discouragement and defeat during a brutal series […]
A barrage of news headlines on the Solyndra scandal continue to remind us that President Obama made green jobs one of his administration’s priorities. Those headlines also reveal this initiative to have been a costly mistake. The bankruptcy of Solyndra, the solar-panel manufacturer that has collapsed despite receiving half a billion dollars from the federal […]
Lately, there has been the labeling of government officials, and Obama in particular, as socialists, and decrying government interventions as socialist per se. Now, I will not deny that Obama is probably a socialist of some sort at heart, and that he has many of the aberrant moral ideas as the socialists. However, the characterization […]
With the name of the great author Charles Dickens, titles such as A Christmas Carol or Great Expectations frequently come to mind. Otherwise, Hard Times and A Tale of Two Cities will leap to the lips of those more literate. Yet one of his lesser-known works highly deserving of attention is Little Dorrit, written in the […]
“Dexia” is not a word familiar to most Americans, and if told that it is a French bank in need of a fresh bailout, the knowledge would likely elicit no more than a yawn. Interest might increase, however, if they were told that the American taxpayer has bailed this bank out before and is likely […]
There’s a widespread impression that the international financial system which the United States and its friends put in place after World War II is breaking down. The old system may of course be patched up and limp along for some time to come, but sooner or later something else will take its place. What that […]
