Jonathan Witt

Posts by Jonathan Witt

Obama to Small Businesses: I’m from the government, and I’m here to help.

In last night’s State of the Union address, President Obama commented that “even though banks on Wall Street are lending again, they’re mostly lending to bigger companies. Financing remains difficult for small-business owners across the country, even though they’re making a profit.” He then offered some of our tax dollars to help: “So tonight, I’m proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat.” The irony is that our government helped create this problem in the first place, both Republicans and Democrats. Continue Reading...

WFR Relief for Haiti

If you are looking for a Christian relief organization working in Haiti, let me recommend WFR Relief, located in Louisiana. Led by Don Yelton, WFR has a solid track record for effective compassion in times of disaster, having “provided humanitarian aid and disaster relief in 50 countries since 1981.” They distinguished themselves, for instance, in the wake of Hurricane Katrina. Continue Reading...

Climategate Summary and Update

If you’re looking to catch up on the Climategate scandal, one of our interviewees from The Effective Stewardship DVD church curriculum, Steven Hayward, has an excellent summary and analysis here at The Weekly Standard. Continue Reading...

Bernanke Versus the Austrians

My essay in today’s American Spectator Online looks at why Ben Bernanke should not be confirmed to a second term as Chairman of the Federal Reserve: Two planks in Bernanke’s recovery strategy: Expand the money supply like a banana republic dictator and throw sackfuls of cash at failed companies with a proven track record of mismanaging their assets. Continue Reading...

Socialism Flu Shots for Christmas

Got the socialism blues? Worried that a friend or maybe a teenage son or daughter may contract a nasty case of it? Marvin Olasky at World magazine recommends former Acton research fellow Jay Richards’ 2009 HarperOne book, Money Greed and God: Why Capitalism Is the Solution and not the Problem: Among the myths Richards demolishes: The Nirvana Myth (contrasting capitalism with an unrealizable ideal rather than with its real alternatives), the Piety Myth (focusing on good intentions rather than results), and the Materialist and Zero-Sum Game Myths (believing that wealth is not created but simply transferred). Continue Reading...

Capitalism is Not Based on Greed

In a new essay at The American, Jay Richards explains why capitalism isn’t based on greed. In Acton’s first documentary, The Call of the Entrepreneur, Richards along Rev. Robert Sirico, Sam Gregg, Michael Novak and others touch on this matter in making the moral case for the free economy. Continue Reading...