David Michael Phelps

Posts by David Michael Phelps

“…and then carry the one…”

Whoops. This week, GM retracts its earnings report from four years ago, saying it overstated its profits by somewhere between $300-400 million dollars. The tendency with a story like this is to cry “fraud!” and then denounce corporate America for its inherently corrupt nature. Continue Reading...

Does Pork Get Your Goat?

John Stossel, the icon of indignation, has a piece today decrying the spending habits and attitudes of our Republican-led Congress. I will let you read his article for the details, but for what it’s worth, here are some reasons why I think the disgust Stossel projects is an entirely proper and fitting response to pork barrel spending. Continue Reading...

British Ingenuity

Interesting news from across the pond today. Our British friends seem to be making education a bit more ‘user friendly’. Education Secretary Ruth Kelly is proposing a system where “parents dissatisfied with local schools will be encouraged to set up their own…’The underlying principle is simple – freedom for schools and power for parents,’ said the education secretary.” The Acton Institute has long promoted the idea that the primary responsibility for a child’s education lies with the parents. Continue Reading...

SHAFTA?

Last night, at Acton’s 15 Year Dinner in Grand Rapids, former president of El Salvador Francisco Flores gave a reason for his county’s great economic success: it stopped blaming others. Compare this with another statement yesterday by another politician, Michigan governor Jennifer Granholm. Continue Reading...

New Site for Catholic Social Doctrine

The Verona-based Van Thuan Observatory has recently launched its website, reports the Zenit news service. The Observatory’s namesake, the late Cardinal Van Thuan, was the recipient of the the Acton Institute Faith and Freedom Award in 2002 (read the details in our new 15 Year Report). Continue Reading...

Touché

For a succinct article on governmental processes versus private processes, see this nice little report by Bill Steigerwald. It focues on responses to Hurricane Katrina by private companies and by the city, state, and federal governments. Continue Reading...

Through Rain, Sleet, and Privatization

Any predictions on how this will turn out? All eyes should be watching Japan, whose legislature just approved the privatization of their postal service. (It is important to note that the Japanese postal service is markedly different from ours here in the States.) It is also a state-owned savings bank with more than $3 trillion (਱.7 trillion) in assets, making it by some measures the largest financial institution in the world, and the largest provider of life insurance in the country. Continue Reading...

Submerged Subsidiarity

Because too much has already been said about the recent gulf hurricanes, I won’t put in my two cents. I will, however, direct the reader to the most insightful take on this situation that I have yet to stumble across. Continue Reading...

CAFTA, Prudence, and Volleyball

After receiving some responses to a previous post (CAFTA/Culture of Life: Enemies?), I thought I would post the the exchange with my most recent dissatisfied critic. Here’s to volleying! (I have edited the emails for confidentiality.) Continue Reading...

Natural Law and Targeting Whirlybirds

Psychiatrist and author Theodore Dalrymple has published a brilliant essay in the National Review highlighting the importance of the rule of law. He takes as a case study the looting in the wake of Hurricane Katrina: “New Orleans shows us in the starkest possible way the reality of the thin blue line that protects us from barbarism and mob rule,” writes Dalrymple. Continue Reading...