Progressives have made idleness pay more than employment.
Category: The Economy
Here we go again. Pope Francis gave another interview and already everyone is screaming. Other people have written about various aspects of it, but there’s one thing in particular I found interesting that I would like to talk about. This is the following statement everyone seems to be freaking out about: The most serious of the […]
“If it matters, measure it.”
You had better restrain government so that Atlas doesn’t shrug where you live.
Or is it already too late?
One of the selling points for comprehensive immigration reform is the claimed benefits of granting a special kind of green card to all foreign students earning advanced degrees in science, technology, engineering, and math (STEM). This argument is being made by corporate leaders, including those from the high-tech sector, who argue that it is a […]
If we fail to preserve the institutions of the republic, the American dream will be in grave danger.
“Am I creating wealth, or am I engaging in rent-seeking behavior?” If this question would be asked during a course of business ethics at George Mason University (GMU), few would be surprised. “Rent-seeking” is a term used often in “Public Choice” economics, and GMU has been the home of an academic center with that focus. […]
Society ensures social justice when it respects the dignity and the rights of the person as the proper end of society itself.
by Jeff Mirus
Not so long ago, most ecclesiastical officials and Catholic academicians emphasized solidarity as a political ideal. Owing to a common misunderstanding of both government and solidarity, that emphasis was almost always at the expense of subsidiarity. In recent years, however, the tide in favor of subsidiarity has begun to turn. It remains true that concern for […]
Plutocracies are societies where majority wealth is controlled by a shrinking minority. They are driven by economies powered and consumed by the wealthiest class over a mass population dependent upon their fortunes. Wealth creation is the principal motivator in these economies and corporations are their vital actors. Snatching public policy away from the hands of […]
by Adrian Pabst
Benedict’s vision for an alternative political economy resonates with people of all faiths and none.
Today the Vatican announced that its ability to process credit card transactions, interrupted since January 1 by a decision of the Bank of Italy, had been restored. The renewed access to international financial networks comes one day after Pope Benedict announced that he will step down from his office as successor of Peter on February […]
Paul Ryan says it’s going to happen, the sequestration, that is. One can hardly imagine any alternative scenario, in which Democrats and Republicans work it all out, and come out singing Kumbaya with a deal to avert the workings of the automatic cuts, share and share alike, to domestic and defense discretionary spending. Certainly, it would be better a) […]
by Kevin Ford
Great change for the good often comes slowly. It creeps up through the cracks in a broken system, and begins to take the place of its previous forms. Slowly, public opinion, public actions, and individual sentiments begin to be formed in a new way. This is exactly what is happening in America today. The Local […]
There is a well-known passage in Adam Smith’s Wealth of Nations (book I, chapter 2) that runs thus: It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and […]
The latest unemployment figures are again depressing, but not for the usual reasons. They provide further confirmation of Barack Obama’s fundamental transformation of America, specifically through his creation of a growing government class. The numbers show a massive increase in government jobs created over the last five months—621,000, to be exact, dwarfing private-sector job growth. […]
It’s yet another example of the unintended consequences of government meddling in the economy, a new study shows that large amounts of high fructose corn syrup (HFCS) found in national food supplies across the world may be one explanation for the rising global epidemic of type 2 diabetes and resulting higher health care costs. The […]