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Pope Francis on Poverty

Pope FrancisWhen Sarah Palin said the Pope’s views on poverty were “kind of liberal” and Rush Limbaugh called them “pure Marxism,” the media were aghast. In a rare moment of unity, scoffers joined now-and-then Catholics, former Catholics, and practicing Catholics in protest. Palin and Limbaugh quickly, and prudently, said they had meant no disrespect.

Ironically, their criticisms of Francis’ views on poverty were perfectly valid (though Rush’s categorization was greatly overstated).… Read More

 

Progressivism’s Fundamental Flaw

Francis Galton (Bing)Progressivism is the dominant political and social philosophy of our time. Even people who know little about it tend to regard it favorably. They believe that since progress suggests moving forward, developing, and improving, Progressivism must be positive and good. But Progressivism doesn’t deserve this favorable image because it is rooted in a profound falsehood—that the vast majority of human beings are mentally deficient and nothing can be done to alter their condition.Read More

 

Enjoying Your Obamelet?

White House KitchenObamelet is an apt metaphor for the President’s transformation of the economy. It recalls Vladimir Lenin’s statement, made 75 years ago in reference to the Great Famine in Ukraine:  “If you want to make an omelet, you must be willing to break a few eggs.” Let’s be clear: I am not labeling the President a murderer or a communist like Lenin. Nor am I implying that he is intentionally hurting people.… Read More

 

Wages, Capitalism, And Morality: Part II

Leoxiii(Note: Part I documented that the minimum wage harms the very people it is designed to help and the popular alternative—letting capitalism work, unencumbered by regulations—encourages practices that cry out for reform. It concluded by suggesting that a new approach is needed, one based on a discipline that economists seldom consult—ethics.)

The division of knowledge into particular fields of study and the tendency to narrow specialization within each field have led many scholars to assume that nothing outside their disciplines is relevant to those disciplines.… Read More

 

Wages, Capitalism, And Morality: Part I

Economist Milton FriedmanIt is commonly believed that fairness demands a certain level of wage be guaranteed to all workers. That is the idea behind the minimum wage that has long existed in the U.S. and other countries. But does that wage benefit workers? Some economists say it does, but others argue that it actually hurts those it is designed to help. People on latter side of the argument include Thomas Sowell, Walter Williams (who calls the minimum wage “maximum folly”), and Nobel Prize winner Milton Friedman.… Read More

 

Government To The Rescue

rand-paulSenator Rand Paul was recently on a TV news show lamenting the circumstances surrounding the bill that supposedly saved America from the “fiscal cliff”—‘‘The American Taxpayer Relief Act of 2012’.” He explained that the senators were given three minutes to read and evaluate the 154-page bill before voting.

Yes, you read that right—three minutes! They were given the bill at 1:36 a.m. and required to vote at 1:39 a.m.… Read More

 

The Key To Cutting Government Spending

United_States_CapitolIf a rowboat springs a leak and is fast filling with water, the first step is to stop the leak. Then the water can be baled out. A similar approach is necessary with America’s economy. For a very long time, excessive spending (the leak) has caused mounting national debt (the rising water that threatens to sink us). The first step in recovery is therefore to curtail government spending.… Read More

 

Is Obama A Socialist? Does It Matter?

obama_socialismThe question of whether Barack Obama is a socialist has never really been answered. Obama supporters and a fawning media have always managed to dismiss it as unfair or irrelevant. In fact, it is neither. An elected official’s political philosophy has a direct relationship to the initiatives he puts forward, the advisors he chooses, and his relationships with his peers at home and abroad.  It is unfortunate that the question was not answered four years ago.… Read More

 

Where Credit Is Due

redistrubitionYou didn’t get there on your own . . . If you were successful, somebody along the line gave you some help . . . Somebody invested in roads and bridges.  If you’ve got a business . . . you didn’t build that.  Somebody else made that happen.

Thus spoke President Obama, and the media responded in predictable fashion. Liberal pundits argued that the President’s remarks didn’t mean what they seemed to mean.… Read More

 

Unintended Consequences

cheap rentMurphy’s law states that if anything can possibly go wrong, it probably will. A cynical view, to be sure, but one supported by considerable evidence. On the other hand, things can also go unexpectedly right. Both situations underscore the same fact—intentions do not govern outcomes.

For example, the 18th amendment to the U.S. Constitution was intended to rescue Americans from the evil effects of alcohol consumption.… Read More