The Ideal Economy of Wilhelm Roepke
Ralph E. Ancil, The Imaginative Conservative

We are often told that among the great benefits of our modern capitalist economy are our expanded choice, free­dom, and power to get what we want. And yet at the same time it is evident that there is still a deep and pervasive sense of dissat­is­fac­tion among us, as though the more we get what we want, the less happy we are.

More on the President’s Uninsured Tax
Veronique de Rugy, National Review Online

There has been, understandably, a lot of attention paid to the tax that uninsured Americans will have to pay if they decide not to buy insurance. I find this data useful to understand how it may work . . .


USCCB Blog offers “Rules” on “The Gospel and Social Media”
Fr. John Zuhlsdorf, What Does The Prayer Really Say?

Sr. Mary Ann Walsh posted on the USCCB blog some “rules” for social media and evangelization.

Great news: Cities to apply Kelo to . . . mortgages
Ed Morrissey, HotAir.com

If one wanted to craft a strategy to make the home-mortgage market even less stable, increase already-unsustainable public debt, and erode private property rights even further than we have already seen, it would be hard to top a new idea from California, of all places.

  • Roger McKinney

    Roepke: “…it is evident that there is still a deep and pervasive sense of dissat­is­fac­tion among us, as though the more we get what we want, the less happy we are.”
    Roepke was a great economist, but his views of society are just wrong. Yes, free markets give us choice and that’s good, but it’s not the purpose of free markets. Free markets are nothing less than the instantiation of property. Property doesn’t exist without free markets because property requires control.
    An extra benefit of free markets is that they reduce poverty. Most of us assume that less poverty is a good thing.
    So why does Roepke toss into the issue the subject of happiness? It doesn’t belong in economics. No one has ever thought that more wealth or choices or even less poverty will create greater happiness.
    True happiness if found in the pursuit of God. Free markets cannot make us more godly.