Economics

Every nation has its “founding myth,” as we are apt to hear from post-modern quarters. But is this ever true when it comes to our economic history. In curricula from K-12 to history graduate school, it is staple...
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We continue to see constant progress in reducing human labor to a mechanical routine, like the script followed by workers in chain restaurants or the swiping motion that’s pretty much the only skill left in staffing the Walmart...
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Justin Welby, the humble and good-humored Archbishop of Canterbury, marked himself from the beginning of his reign by the contrast he struck with his predecessor Rowan Williams, now Baron of Oystermouth. Lord Williams was one...
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The Pentagon’s $800 million spent on Afghan economic development has “accomplished nothing,” says the intrepid gumshoe hunting down waste, corruption and inefficiency. Meanwhile, he has 322 investigations still underway, across the US government’s similar $120 billion...
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Is there another academic as broadly educated, thought-provoking, understandable and just good-hearted as Deirdre McCloskey? There can't be many. In her scholarly breadth, if not her conclusions exactly, she rivals meta-historian Christopher Dawson. She...
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I hardly know where to start in responding to Messrs. Richards’ and Witt’s “response” to my earlier article on “Distributism in the Shire”. More to the point, I hardly know where to...
reaganomics

Last week at the President Ronald Reagan Ranch Center in Santa Barbara, Calif., the staff made a nice move. On the occasion of the publication of the first volume of the collected works of the progenitor...

In their impossibly good book Money, Markets, and Sovereignty (2009), Benn Steil and Manuel Hinds make the point that over the last four thousand years, the only period in which humanity has not consistently based its...
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In a very interesting interview in Catholic World Report on October 30, Jay W. Richards, co-author of The Hobbit Party, a new book examining the political thought of J. R. R. Tolkien, sought to distance Tolkien from...
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The German economist Wilhelm Röpke, commenting on the expansion of European welfare states in 1958, wrote, “To let someone else foot the bill is, in fact, the general characteristic of the welfare state and, on closer...
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“Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.” Jefferson’s brutal verdict comes to mind in the fierce debate over...
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With the stock market cruising at all-time highs and the unemployment rate sitting at quaint levels, a fashionable new argument is making the rounds. Barack Obama is better at economic recovery than Ronald Reagan ever was.

“Supply-side economics needs a 21st-century update,” went a post at the American Enterprise Institute’s blog the other day, challenging the assurance from the Cato Institute’s Dan Mitchell that no, it doesn’t....
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Introduction Contributing to the multi-faceted crisis Americans now face is the loss of those values and principles that are essential to a healthy economy. We could mention the incestuous relationships between business and politics,...