Category: General

Have a new book, or one not so new, that you’d like to recommend to PowerBlog readers for packing away to the beach and vacation spot? Add your picks to the comment box on this post.

Let’s begin with five books selected by Acton Research Director Samuel Gregg, who was a contributor to National Review Online’s symposium, “Got Summer Reading?”

By Samuel Gregg

For those who sense we’re presently reliving the 1930s (sigh), this is the book Paul Krugman and the other high priests of the economic left don’t want you to read. Anyone searching for an account of the New Deal that simply tells the truth about how and why it failed will benefit from reading Amity Shlaes’s The Forgotten Man (2008). Her well-written narrative of the Roosevelt administration’s failures and arbitrariness as it wrestled with the Great Depression not only reveals the New Dealers as truly out of their depth; it also indirectly raisesquestions about some disturbing trends in contemporary American political and economic life.

Another book that gets beneath superficial commentary on a subject that needs further discussion is David Satter’s It Was a Long Time Ago, and It Never Happened Anyway (2012). As we all know, the Left in America and Europe (in fact, everywhere) has never really acknowledged the full barbarity of Communism. Satter’s text, however, underscores just how much denial and downplaying of the sheer moral and physical destruction wrought by the Soviet experiment continue to poison contemporary Russian politics and culture. (more…)

My fellow members in the Calvin Coolidge Fan Club will appreciate Julia Shaw’s great article explaining why “the man remembered as ‘Silent Cal’ is one of the most eloquent voices for the great and enduring principles expressed in our Declaration of Independence.”

Historians remember Calvin Coolidge as saying the “chief business of the American people is business,” a quote that’s frequently taken out of context. . . .

Coolidge did not mean that Americans consider wealth to be the highest accomplishment. “The accumulation of wealth cannot be justified as the chief end of existence,” he argued. “And there never was a time when wealth was so generally regarded as a means, or so little regarded as an end, as today.”

While Americans were “profoundly concerned with producing, buying, selling, investing and prospering in the world,” their highest aim was not material success. Americans, he said, “make no concealment of the fact that we want wealth, but there are many other things that we want very much more. We want peace and honor, and that charity which is so strong an element of all civilization.” Americans were also concerned about character: “industry, thrift and self-control are not sought because they create wealth, but because they create character.”

Read more . . .

Blog author: jcarter
Tuesday, July 3, 2012

I Was Hungry and You … Called Your Congressman
Kristin Rudolph, Juicy Ecumenism

Since the federal budget debate began to heat up in the spring and summer of 2011, a group of religious activists formed a “Circle of Protection” with the purpose of lobbying President Obama and Congress to avoid cutting funding for welfare programs.

Chamber of Commerce: “America’s Byzantine tax code”
Erika Johnsen,

A competitive business environment is just as essential to innovation as well-functioning markets. In the enterprise states study, we have fresh evidence of how states are fostering economic growth and jobs through their innovation.


Galatians 6:9 (NKJV) And let us not grow weary while doing good, for in due season we shall reap if we do not lose heart.

Is it possible to sow, toil and work only to lose heart and not reap any reward? Can all of our effort be lost simply by getting tired and giving up? If this is true, then it is imperative that we figure out how to not grow weary or lose heart while we are On Call in Culture.

Blog author: jcarter
Monday, July 2, 2012

Jerry Ford, Faith, Free Markets and Michael Novak in Grand Rapids
Mark Tooley, Juicy Ecumenism

The rebirth of American confidence and prosperity was fueled by new intellectual ammunition for democracy and free markets. Chief among them was Catholic philsopher Michael Novak’s 1982 Spirit of Democratic Capitalism. Novak provided theological and moral arguments for limited government and free enterprise.

Adam Smith: The Morality of the Invisible Hand
Gertrude Himmelfarb, Standpoint

“Das Adam Smith Problem” — that problem was put to us a century-and-a-half ago by a German economist (August Oncken, little known today except for that memorable phrase), and we are still wrestling with it. At issue is the apparent contradiction between The Wealth of Nations and The Theory of Moral Sentiments — between the political economist and the moral philosopher.


Online today at The American Spectator is an article from Acton Research Director Samuel Gregg. The article highlights the forethought of German economist Wilhelm Röpke, who predicted Europe’s present economic downturn in the middle of the twentieth century. Röpke, Gregg says, was a “euroskeptic” before the term existed. Excerpt here:

Where Röpke proved correct was in envisaging that efforts to impose European political integration from the top-down would go hand-in-hand with attempts to replicate large welfare systems and extensive regulation across Europe. What’s now called “Social Europe,” Röpke maintained, was integral to the same dirigiste and rationalist mindset that viewed extensive planning by political-bureaucratic elites as infinitely superior to the workings of Adam Smith’s invisible hand within a legal framework of clear rules and limited government.

Röpke died in February 1966, decades before the present crisis that’s created a bleak economic future for an entire generation of young Europeans and turned the phrase “Greece” into a byword for dysfunctionality. Like many prophets, Röpke’s predictions about the long-term effects of choices made by European leaders in the 1950s and 1960s were mocked in his own time. But in the unlikely event of Europe’s political masters escaping the echo chamber that tells them that salvation can only be found in ever-greater centralization, those whose knowledge of history extends beyond the last 24 hour news cycle might be honest enough to admit that Röpke was right.

And the PIIGS might fly.

Entire article here.

Blog author: jcarter
Monday, July 2, 2012

Uncontrolled public debt threatens to rupture society, says Niall Ferguson, as the older generation thrives at the expense of the young.

In his Reflections on the Revolution in France (1790), Edmund Burke wrote that the real social contract is not Jean-Jacques Rousseau’s contract between the sovereign and the people or “general will”, but the “partnership” between the generations. He writes: “SOCIETY is indeed a contract… The state … is … a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born.” In the enormous intergenerational transfers implied by current fiscal policies we see a shocking and perhaps unparalleled breach of precisely that partnership, so brilliantly described by Burke.

Read more . . .