Economics

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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,...

There was a time in the Depression of the 1930s when conservative thought sprang from the dire concrete reality of that terrible era, not from abstractions. They did not use the word “conservative” very often, preferring to call...
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Excerpt from Return to Order: From a Frenzied Economy to an Organic Christian Society A second element of organic society involves the manner in which remedies are found. In searching for...
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As any old newspaperman can tell you, crafting headlines is a rare skill quite distinct from ordinary good writing. A New York Post example, "Headless Body in Topless Bar," is a work of art. Or when rural American...

Knut Hamsun The modern market economy has never lacked for its literary expositors. From the time the industrial revolution (a term coined in the 1820s in France) first gained notice as a major and permanent...
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Marek Belka, President of the National Bank of Poland It is written in Matthew: “Therefore keep watch, because you do not know the day or the hour.” On June 5th of this year, I...
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Libertarian futurists such as Tyler Cowen and Brink Lindsey sometimes write as if the point of all our remarkable techno-progress—the victory of capitalism in the form of the creative power of “human capital”—is some combination of the emancipatory...
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That a French socialist economist is trashing the American economy for fomenting inequality should hardly be news. But Thomas Piketty is enjoying some moments in the popular press, before returning to the usual comfortable sinecure for the...
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Americans have long mistrusted great power, which they regard as the enemy of freedom. They have not been as consistent in their mistrust of great wealth. This discrepancy, born alike of innocence and ambition, has provided...
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When Ronald Reagan was elected president in 1980, he promised to undo as much of the remaining New Deal legislation as it was possible to eliminate. By then, the constituencies that had supported Franklin Roosevelt during the...