The political implications of bitcoin

Prior to the publication of John Maynard Keynes’ The General Theory of Employment, Interest, and Money, balanced budgets reflected the received wisdom for governments. By making the case for debt spending in times of recession (and the virtually ignored case for restricting spending in times of growth), Keynes gave political leaders a license to abandon the requirement of balance. Continue Reading...

Reining in the EPA’s regulatory overreach

President Donald Trump turned heads and drew criticisms for his efforts to curb the regulatory reach of the Environmental Protection Agency. With the appointment of Scott Pruitt to lead the agency, Trump has vowed to create a leaner bureaucracy by requiring agencies to repeal two regulations for each new regulation enacted. Continue Reading...

Why truly free trade is also truly fair

Throughout our political discourse, we continue to hear critiques of free trade from left and right, each of them ultimately aiming to prod us closer to an abstract notion of so-called “fair” or “fairer” trade. Continue Reading...

Fusionism and Western Civ

Pope Leo XIII, writing in the midst of social crisis at the end of the nineteenth century, wisely observed: “When a society is perishing, the wholesome advice to give to those who would restore it is to call it to the principles from which it sprang.” For the American experiment in ordered liberty, this means in large part going back to the Anglo-American tradition represented by Adam Smith and Edmund Burke. Continue Reading...

Economic freedom eases poverty

“The poor will always be with us, but such a sobering reality does not free us from an obligation to work to alleviate the ravages of poverty,” says Trey Dimsdale. “On the contrary, Jesus’ statement only serves to remind us that every generation will face the question of how best to fulfill our holy obligations to them.” It is clear that many in the present generation have taken notice of the plight of the poor and are moved by genuine compassion to advocate for the poor, provide for their needs and seek to lessen the suffering caused by their circumstances. Continue Reading...