Why the culture matters for economic flourishing

“Moral ecology is the new frontier of political economy: the culture in which the free society thrives — or destroys itself.” –Michael Novak In assessing and addressing the economic issues of the day, we tend to look first to tangible or mathematical solutions, cutting and re-cutting various economic pies as we ponder different policies and pathways to higher employment, better wages, and all-around material prosperity. Continue Reading...

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...

What motivates America’s new socialists?

Is America having a “socialist moment”? There are currently more people who say they prefer socialism to capitalism (37 percent) than identify as evangelical Christians (32 percent). What is driving people who don’t even know what socialism means to prefer it to free enterprise? Continue Reading...

What do Americans mean by “socialism”?

Campus Reform, a project of the Leadership Institute, recently interviewed students in Washington, D.C. to get their opinions on socialism. Not surprisingly, most of them were all for it. And also not surprisingly, most of them could not explain what they mean by socialism. Continue Reading...