Category: PowerLinks

Blog author: jcarter
Friday, March 25, 2016
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Crony Capitalism: Inefficient, Unjust, and Corrupting
Samuel Gregg, Crisis Magazine

Donald Trump’s candidacy has brought many topics to greater public attention: everything from frustration with the political correctness that the left uses to stifle debate, to wage stagnation and immigration policy. Another subject, however, that has gained significant traction because of the Trump campaign is the problem of crony capitalism—or, more simply, cronyism.

Right-to-Work laws and income inequality
Aparna Mathur, AEI Ideas

In a new paper, my co-authors and I study whether Right-to-Work (RTW) laws are possible contributors to increasing income inequality in the US. RTW statutes remove union membership as a prerequisite for employment by making it illegal for labor unions and employers to enter into contracts that require employees to be fee-paying members of a union.

SC Senate passes state registry of refugees
Andrew Shain, The State

The S.C. Senate approved a state registry of refugees Wednesday — a day after terrorists bombed a Brussels airport and subway station, killing more than 30 people and injuring another 250. The Senate voted 39-6 to start the registry, which could be the first of its kind in the nation.

Wrestling with the Troubling Transactions of Holy Week
Greg Ayers, Institute for Faith, Work, and Economics

Two Christian economists converse about Jesus clearing the temple, Judas’s betrayal, and more.

Blog author: jcarter
Thursday, March 24, 2016
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Why socialism always fails
Mark J. Perry, AEI Ideas

Given the recent resurgence of socialism, especially as it is now being embraced by young Americans, I thought it might be a good time to re-visit my 1995 essay to review why socialism: a) failed in the 20th century, b) is failing in the 21 century (e.g. Venezuela, see photo above), and c) will always fail.

Capital ideas in a time of inequality
Tim Hartford, The Undercover Economist

‘The wealthy do not simply wallow in bank vaults like Scrooge McDuck. They spend their money’

Flint Water Crisis Inquiry Finds Cascade of Errors
Julie Bosman, New York Times

Among other problems, an independent task force charged with investigating the city’s tainted water cited poor communications and faulty equipment.

Holy Week at the Supreme Court — Impressions from Sister Constance, Little Sister of the Poor
Kathryn Jean Lopez, National Review

On Wednesday, the Little Sisters of the Poor had their day at the Supreme Court. It was oral arguments in Zubik v. Burwell, the religious-freedom challenge to Obamacare’s abortion-drug, contraception, female sterilization mandate.

Blog author: jcarter
Wednesday, March 23, 2016
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Pay for success — How market forces can improve the social safety net
Angela Rachidi, AEI Ideas

Pay for Success is an innovative way to finance social welfare programs that could substantially improve the social safety net so that people can finally lift themselves up.

Actually Bernie, Markets, Not Socialism, Promote Kindness
Julian Adorney, FEE

Bernie Sanders’ success is remarkable. He may be behind in delegates, but he remains competitive in a two-horse primary race, despite being an avowed socialist who has made denouncing capitalism central to his campaign.

Congress Digs In for a Turf War Over Poverty
Russell Berman, The Atlantic

Paul Ryan is pushing lawmakers to tackle an issue Republicans have long ignored, but all Democrats see are cuts—and a familiar foil.

Occupational Licensing Reduces Mobility
Alex Tabarrok, Marginal Revolution

Brookings has a good memo on four ways occupational licensing reduces both income and geographic mobility

Blog author: jcarter
Tuesday, March 22, 2016
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Scalia death a blow to Obamacare contraception challengers
Lawrence Hurley, Reuters

Christian groups asking the U.S. Supreme Court to exempt them from the requirement to provide insurance covering contraception under President Barack Obama’s healthcare law face an uphill battle following Justice Antonin Scalia’s death last month.

Human Liberty and “The Obsolete Man”
Thomas M. Doran, Catholic World Report

Have we finally arrived at the real—and inhuman—Twilight Zone?

Caesarism for Cities
Stephen Eide, City Journal

To prevent more Detroits, states must rein in local officials’ fiscal recklessness.

Marriage Is an Important Tool in the Fight Against Poverty
W. Bradford Wilcox, Family Studies

Whatever your education level and race, you and your kids are markedly less likely to be poor if you’re married.

Blog author: jcarter
Monday, March 21, 2016
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Minimum Wage Hike in DC Will Stifle Job Creation
James Sherk, The Daily Signal

While raising the minimum wage sounds compassionate, it will probably hurt the very workers its advocates want to help.

Scientists Discover a Good Climate Surprise
The American Interest

Trees are emitting a lot less carbon dioxide as a result of warmer surface temperatures than previously believed, according to new research published in the journal Nature.

Georgia Guts Religious Freedom Bill
The American Interest

On Wednesday night the Georgia legislature introduced new language to its religious freedom bill and passed the bill in mere hours. Haste makes waste. This new language significantly waters down a religious freedom bill that had real force even though it was, as we pointed out three weeks ago, already lacking in certain respects.

The Case for Originalism
Ilan Wurman, City Journal

Adhering to the original public meaning of the Constitution doesn’t mean that there is no role for interpretation.

Blog author: jcarter
Friday, March 18, 2016
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Social Media and Original Sin
Eric Metaxas, BreakPoint

If you ever doubted the reality of original sin, just check the comment section on any website.

Free market needs some ‘Sunshine’
Glenn Harlan Reynolds, USA Today

Private sector businesses like Twitter and Facebook far from models of transparency.

What “Negative” Interest Rates Are, and What They Mean for Global Economies
Kristin Wong, Lifehacker

What if a bank’s interest rates were so low, they actually charged you to keep your money there? And what if you could take out a loan without paying any interest at all?

Despite Appearances, These Are Great Times for Human Liberty
Jeffrey Tucker, FEE

The resistance has powerful tools at its disposal

Blog author: jcarter
Thursday, March 17, 2016
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Justice Dept. Condemns Profit-Minded Court Policies Targeting the Poor
Matt Apuzzo, New York Times

The Justice Department on Monday called on state judges across the country to root out unconstitutional policies that have locked poor people in a cycle of fines, debt and jail.

Sovereignty & Systems: Why American Government Has Failed
Alexander Salter, The Imaginative Conservative

Sovereignty is a kind of political property right. Like more familiar economic property rights, a political property right is a defined sphere of exclusive control. Unlike more familiar economic property rights, a political property right does not confer a right to enjoy a good or service, but to exercise power.

How Moral Outrage Makes Markets Work
Julian Adorney, FEE

Social signalling makes top-down regulation irrelevant.

Self-Sufficiency, Not Government Spending, Should Be the Measure of Antipoverty Progress
Robert Rector, The Daily Signal

This week President Barack Obama’s Department of Health and Human Services reached the startling conclusion that if massive welfare programs such as food stamps and the refundable earned income credit are counted as income, poverty is reduced.