Category: The Economy

Book Review: Eco-Tyranny
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Book Review: Eco-Tyranny

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In Eco-Tyranny, author Brian Sussman sounds a timely and important warning: The radical “greens” are not in retreat. With the defeat of cap-and-trade legislation in 2010 and the increasingly discredited alarmist theory of anthropogenic global warming, the greens may have lowered their public profile; however, with the full cooperation of the Obama administration, they are [...]

It Takes a Village to Raise a Business
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It Takes a Village to Raise a Business

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Many conservatives are reacting strongly to a recent speech given by President Obama in which he seems to denigrate the entrepreneurial spirit of American enterprise. “If you’ve been successful, you didn’t get there on your own,” said the president at a campaign event [the other] week in Virginia.”You didn’t get there on your own,” he reiterated. [...]

“Story of Stuff” Videos Aim Stealth Indoctrination at Students
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“Story of Stuff” Videos Aim Stealth Indoctrination at Students

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Yesterday, I noted a sure sign that summer is nearly over: There were commercials on TV for ingredients to make school lunches. Already, the folks at Oscar Mayer are offering suggestions for how to make a lunch that kids will find nutritious and delicious, though they don’t offer any advice in the ads on how [...]

A Divided Nation: Is America “Coming Apart?”
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A Divided Nation: Is America “Coming Apart?”

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Best-selling author and controversial social scientist Charles Murray is back in the news. This time it’s because of his new book, Coming Apart: The State of White America, 1960-2010. In Coming Apart, Murray deftly wields both statistical data and anecdotal evidence to document the wholesale abandonment of the ideals that for two centuries defined the [...]

23 Secrets Free Traders Won’t Tell You
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23 Secrets Free Traders Won’t Tell You

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During a presentation of the worldwide financial crisis three years ago, none other than Queen Elizabeth asked the best question “How come no one could foresee it?”  She was not alone; the worldwide economic recession has upended many sacrosanct beliefs about how finance and economics really work. This country is currently in its worst economic [...]

Carter to Obama: Same Old Story on Energy Policy
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Carter to Obama: Same Old Story on Energy Policy

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As spring bloomed, the president addressed the nation on energy. The president told us, “Without our planning for the future, it will get worse … The oil and natural gas that we rely on for 75 percent of our energy is simply running out.” Unless profound changes are made in the next decade, the president [...]

Energy: Pennsylvania’s Choice, America’s Model
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Energy: Pennsylvania’s Choice, America’s Model

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We can’t drill our way to energy independence. Or so proclaims the president and many of his supporters. Here in Pennsylvania, the proclamation rings hollow; we are in the midst of a historic natural gas boom. Pennsylvania has an abundant supply of natural gas locked up in the geology of the Marcellus Shale, thousands of feet below two-thirds [...]

Book Review: All the Devils Are Here
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Book Review: All the Devils Are Here

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All the Devils Are Here, by Bethany McLean and Joe Nocera, is a fascinating look at the principle players who brought about the financial crisis of 2008. It reveals the motives and mistakes made over the course of a decade by those who were entrusted with running the largest financial corporations of the world as [...]

A Whirlwind Tour of the Supreme Court’s Commerce Clause Jurisprudence
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A Whirlwind Tour of the Supreme Court’s Commerce Clause Jurisprudence

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There is a widely held view that Congress has virtually unlimited power to legislate, especially concerning economic matters. Consider, for example, the passage of the controversial Patient Protection and Affordable Care Act two years ago. While Congress’ power to regulate the economy is not completely unbounded, it is very far-reaching indeed. However, it was not [...]

Who Gives a Hoot About the 1%?
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Who Gives a Hoot About the 1%?

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Before they decamped for winter, the Occupy Wall Street folks were promoting the idea of redistributing wealth from the rich to the poor. Although the income of super-rich in America has soared in the last two decades, such a blueprint would achieve neither justice nor economic growth. America has always been a land where creative [...]

The Triumph of Greed
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The Triumph of Greed

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Goldman Sachs executive Greg Smith made headlines last week with a public letter of resignation from the legendary firm.  Smith’s letter chronicled the ethical decline that led to his departure, and has sparked renewed interest in the culture of unmitigated greed that animates the world of high finance.  In his letter, Smith refers to a [...]

Corrupted Capitalism and the Housing Crisis
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Corrupted Capitalism and the Housing Crisis

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To say that our public discourse today stands in need of some improvement is undoubtedly an understatement, but perhaps no area of our common life requires more careful consideration than our political speech. All too often we find public discussions of political economy cast in stark terms, such as “socialism” versus “capitalism.” Very often these [...]

At What Price Life?
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At What Price Life?

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It is no secret that in life, our values tend to guide our decisions.  The things we hold dear, the things that are priorities to us, our principles… these are the factors that influence how we live our lives, from who we associate with to how we spend our time and how we spend our [...]

Corn Subsidies at Root of U.S.-Mexico Immigration Problems
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Corn Subsidies at Root of U.S.-Mexico Immigration Problems

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America’s immigration debate will never be adequately addressed until we think clearly about the economic incentives that encourage Mexican citizens to risk their lives to cross the border. In fact, if we care about human dignity we must think comprehensively about the conditions for human flourishing so that the effective policies promote the common good. [...]

A Whiff of Privatization
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A Whiff of Privatization

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Three decades ago, Prime Minister Margaret Thatcher implemented a policy called “privatization” to rejuvenate the moribund economy of the United Kingdom. Like the United States today, the cost of a too-large government was sapping the vitality of the U.K.’s economy. The private sector was staggering under the heavy tax burden needed to fund the public [...]

Gradually, Then Suddenly
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Gradually, Then Suddenly

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It is not often that one sees Ernest Hemingway cited in an article on the federal budget and fiscal situation. But that is what GOP House Budget Chair Paul Ryan (R-WI) and Senator Jeff Sessions (R-AL), ranking member of the Senate Committee, did in a recentWashington Post op-ed on President Obama’s last budget of his first term. [...]

Playing Politics with Unemployed Veterans
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Playing Politics with Unemployed Veterans

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Getting the U.S. economy back on a path to solid growth and the job creation engine jumpstarted is dominating the headlines, talk shows and policy debates in Washington right now. Many of the legislative prescriptions focus on the dismal unemployment woes of newly separated military veterans, whose rates outpace the civilian population. The troubling figures [...]

Industry: A Distributist Solution Part II
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Industry: A Distributist Solution Part II

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The family’s limited participation in the manufacturing of medium to large-scale goods appears to present us with a challenge. Large-scale industry is needed to accommodate the production of heavy machinery, automobiles, and other technologies we use everyday. To the skeptic, Distributism seems unresponsive to these needs and incapable of fitting into our modern framework. In [...]

Europe in Demographic Denial
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Europe in Demographic Denial

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If there is one word that captures many Europeans’ response to the continent’s financial crisis, it is denial. Witness the description by the editors of France’s newspaper-of-record, Le Monde, of France’s S&P credit-downgrade on January 13 as “un non-événement financier.” The fact that this “non-event” will increase France’s borrowing-costs (not to mention those of the EU’s own bailout [...]

Cheerleader-in-Chief
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Cheerleader-in-Chief

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I was asked for my initial reaction to President Obama’s State of the Union speech, and the handsomely redesigned Think Christian posted them last night, “Jobs, Steve Jobs, and the State of the Union.” As I point out, the president’s protectionist posturing is belied by the realities experienced by companies like Apple. The president is essentially telling companies: Ask [...]

From Teacher to Farmer: Why I Went Back to the Land
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From Teacher to Farmer: Why I Went Back to the Land

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A little more than a year ago, I quit my job as a theology teacher at a Catholic high school to become a full-time organic farmer. I like to call myself a “Catholic farmer”, because I am striving to live out the Church’s teachings on marriage and the family, as well as Catholic social teaching, [...]

Justice, Fairness, and Taxation, Part 4
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Justice, Fairness, and Taxation, Part 4

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I would like to wrap up this series with an examination of a few more types of taxation. Keep in mind, that this series is not intended to be exhaustive. It is intended to open the door to discussion by presenting ideas for consideration. (See Part 1, Part 2, Part 3) I do not pretend [...]

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