Category: PowerLinks

Blog author: jcarter
Friday, April 1, 2016

We are facing an unprecedented age of terror
Jonathan Sacks, The Telegraph

The ethnic cleansing of Christians around the world is one of the great crimes of our age

“Pro-Business” or “Pro-Market”? And What’s the Difference?
Charles Koch Institute

Critics of free markets tend to mistakenly conflate a “pro-business” position with a pro-market one. In fact, the two positions are quite different.

How Crony Capitalism Works
The American Interest

A major source of growing inequality, he says, is not an excess of capitalism, but the distortion of it: The force of market competition has been concentrated on workers and small businesses, while elite professionals and financiers (who encompass the lion’s share of the 1%) have managed to engineer protectionist rackets.

$15-an-Hour Minimum Wage in California? Plan Has Some Worried
Noam Scheiber and Ian Lovett, New York Times

California is on the verge of making itself a guinea pig in a bold economics experiment.

Blog author: jcarter
Thursday, March 31, 2016

An Ethicist Reads The Art of the Deal
John Paul Rollert , The Atlantic

Donald Trump succumbs to the age-old temptation to see capitalism not as an economic system but a morality play.

Welfare System Is ‘Anti-Work,’ Researchers Say
Mariana Barillas, The Daily Signal

The war on poverty is a war on work, the authors of a new book that criticizes the nation’s welfare system assert.

Again, What Is Economic Freedom?
Jeffrey Tucker, FEE

Quite often when I am interviewed, I get the question: What precisely do you mean by “capitalism”? It’s an excellent question. The great debate among capitalism, fascism, and socialism suffers from a lack of clear language.

Nafta May Have Saved Many Autoworkers’ Jobs
Eduardo Porter, New York Times

There are still more than 800,000 jobs in the American auto sector. And there is a good case to be made that without Nafta, there might not be much left of Detroit at all.

Blog author: jcarter
Wednesday, March 30, 2016

Supreme Court asks for additional briefs in Little Sisters case
Melinda Skea, The Becket Fund

Less than a week after it heard the case of the Little Sisters of the Poor, the U.S. Supreme Court took the unusual step of asking for additional information, telling both sides to discuss alternative ways to avoid forcing religious women to provide services against their faith.

To Fight Poverty, Cut Regulations
An interview with Patrick McLaughlin, Forbes

When policymakers create or expand regulations, they often assume that the cost of compliance falls on businesses.

Do European Labor Laws Lead to Terrorism?
Alex Tabarrok, FEE

Inimum wages disemploy and disaffect young immigrants.

Condolences to Apple for its Big Win
Kaveh Waddell, The Atlantic

The company no longer has to help the FBI hack an iPhone, but now it has to deal with questions about its security features.

Blog author: jcarter
Tuesday, March 29, 2016

Georgia’s Republican Governor Rejects a Religious-Freedom Bill
Russell Berman, The Atlantic

Nathan Deal sides with corporations and gay-rights advocates who objected to the legislation backed by conservative evangelicals.

California Nears Deal to Adopt a $15 State Minimum Wage
Adam Nagourney, New York Times

California lawmakers have reached a tentative deal to raise the state minimum wage to $15 an hour by 2022, potentially signaling the biggest advance yet in a campaign to increase pay for low-income workers that has reverberated in the Democratic presidential contest and in cities across the country.

Why many Christians in China have turned to underground churches
John Sudworth, BBC

If Jesus was alive today, would he be a member of the Chinese Communist Party?

A New Car Will Cost You at Least $3,800 Extra Because of Government Regulation
Salim Furth and David Kreutzer, The Daily Signal

The most modest of the independent estimates works out to $3,800 per vehicle, even after the fuel savings are taken into account.

Blog author: jcarter
Monday, March 28, 2016

Mayors Rise to the Defense of Free Trade
Ronald Brownstein , The Atlantic

As presidential candidates from both parties attack TPP, it’s municipal leaders who are offering the most cogent vision of global engagement.

A few takeaways from oral arguments in the Little Sisters of the Poor case
Kevin C. Walsh, Mirror of Justice

Most reports of yesterday’s oral arguments in the Little Sisters of the Poor case suggest that the Court is likely to split 4-4. That may be, I suppose, but who knows? In any event, this suggestion of an split understates just how bad of a day it was for the federal government. If Justice Scalia were still on the Court, the stories would be describing the argument as a government rout.

Millennials’ Approach to Trade
Bryan Riley, The Daily Signal

More than any other age group, people under the age of thirty (“millennials”) understand the important role international trade plays in the U.S. economy. Strong support from millennials gives an optimistic outlook for the future of international free trade.

A New Way To Feed Africa And Grow Upward Mobility
Evan Smith, Opportunity Lives

Many African nations are facing a serious agriculture problem. With conditions uncertain — weather changes, crop disease and price volatility being the most common factors of distress – it can be tough for farmers to obtain loans to help finance their yearly crops.

Blog author: jcarter
Friday, March 25, 2016

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

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.