Category: PowerLinks

Blog author: jcarter
Monday, July 18, 2016

We Need to Talk About Downward Mobility
The American Interest

Low levels of social mobility, more than raw inequality or slow growth, is probably the greatest challenge facing the American political-economic system today.

Africa is moving toward a massive and important free trade agreement
Luke Warford, Washington Post

African heads of state and government officials are meeting this week in Kigali, Rwanda, for the 27th African Union Summit. On their agenda will be taking the next steps to establish a free-trade area that would include all 54 African countries — which could be up and running by the end of 2017.

How Girls in Blue-Collar Communities Are Being Left Behind
Emily Deruy, The Atlantic

Schools often offer vocational classes at the expense of advanced courses, which can leave young women with few options.

Fed Economists Try to Portray Bitcoin as a Fiat Currency
Demelza Hays, FEE

A University of Pennsylvania economics professor and an advisor to the Philadelphia Federal Reserve recently released a working paper claiming that Bitcoin is a fiat currency.

Blog author: jcarter
Friday, July 15, 2016

Poverty and Policy
R. Shep Melnick, Claremont Review of Books

This strange understanding of “welfare” informs the book’s misleading title. Unlike the hundreds of millions of people around the world who live in extreme poverty, none of the families profiled in $2 a Day actually lives on…$2 a day.

Free Trade and Catholic Social Teaching
Stephen M. Krason, Crisis Magazine

It is shaping up that one of the major issues this election year is going to be free trade and the international trade deals that the U.S. has negotiated over the past quarter-century.

How Conservative Policy Can Create The Conditions For Upward Mobility
Evan Smith, Opportunity Lives

As many Americans know too well, ours is an age of stagnant wages and rising costs, of economic anxiety and stress, and of uncertainty as to what will come next.

The Simple Reason Most Regulations Are Harmful
Scott Sumner, FEE

One of the most basic ideas in economics is that the vast majority of regulations are harmful. Here’s a simple example.

Blog author: jcarter
Thursday, July 14, 2016

Is Homelessness Only a Housing Problem?
Stephen Eide, Family Studies

Is homelessness purely a housing problem, or do norms and family structure play a role?

The Double Standard on Low-Wage Work
A. Barton Hinkle,

Democrats love unpaid interns. Republicans more likely to pay them.

The Capitalist’s Imagination
Brooke Harrington, The Atlantic

The German sociologist Jens Beckert argues that literary theory can help explain what economics fails to.

What to Know About the History of the Fed’s Beige Book
Merrill Fabry, Time

On Wednesday, as it does every six weeks, the U.S. Federal Reserve will release what’s called the Beige Book, so-called for the color of its cover.

Blog author: jcarter
Wednesday, July 13, 2016

Is Liberalism a Heresy?
Francesca Aran Murphy, First Things

The only viable vehicle of conservatism in modernity is a market-oriented liberalism that regards freedom within law as the means to the common good.

Why African Entrepreneurship Is Booming
Ndubuisi Ekekwe, Harvard Business Review

This adaptation by the local companies to indigenous creativity is a response to new market realities.

Welfare reform to promote work and marriage
Robert Doar and Kiki Bradley, AEI

A disturbing lack of progress within the current poverty model calls for reform. The odds of a child born into poverty moving out of it have remained almost completely static for the last two decades.

James K.A. Smith, Comment

Restoring creation will require the Spirit-inspired work of building caring institutions and life-giving habits.

Blog author: jcarter
Tuesday, July 12, 2016

Following Minimum Wage Increases, Unemployment Spikes among Black Male Teens
Mark J. Perry, FEE

Perhaps one of the more interesting data points from last week’s Employment Report is displayed in the graph above, which shows that the jobless rate for black male teens (aged 16-19 years) increased to 40.1% in June from 28.1% in May.

International Group Helps To Save The Lives Of Sex Trafficking Victims
Bethany Mandel, Opportunity Lives

“The very children I held hands with and saw running in the streets were not just trying to survive poverty. Many were living in hell, enduring torture,” says Don. “I couldn’t believe it was right under my nose and I didn’t even know it.”

Supreme Court Delivers Bitter Pill on Religious Liberty
A. Barton Hinkle,

Court refuses to hear case about Washington laws that allows pharmacists all kinds of exemptions, except ones that are matters of conscience.

What’s the Matter with Saying ‘Government Schools’ in Kansas?
Ramesh Ponnuru, The Corner

Julie Bosman reports in the New York Times that conservatives in Kansas have taken to calling public schools “government schools,” and that other people are upset about this use of a “calculated pejorative.”

Blog author: jcarter
Monday, July 11, 2016

Beyond America: Advocating for religious liberty around the world
Travis Wussow, ERLC

By nearly any measure, 2015 was the worst year to be a Christian in living memory. As the Obama administration and U.S. Congress recognized in early 2016, the so-called Islamic State has been perpetrating a genocide against Yezidis, Christians and Shia Muslims. As Secretary of State John Kerry said, the Islamic State “kills Christians because they are Christians; Yezidis because they are Yezidis; Shia because they are Shia.”

Donald Trump-Style Protectionism Could Hurt World Economy, IMF Chief Says
Abigail Abrams, Time

Donald Trump’s anti-trade policies and isolationist attitude could have dangerous consequences for the global economy, IMF Managing Director Christine Lagarde warned in an interview with the Financial Times on Thursday.

The Fines and Fees That Keep Former Prisoners Poor
Alana Semuels, The Atlantic

States and counties have upped the amounts they charge defendants, saddling those getting out of jail with huge amounts of debt they have little hope of paying off.

Free Markets Empower Women Entrepreneurs
Nima Sanandaji, FEE

It is difficult to find examples of male-dominated areas of the economy that were monopolized, or so heavily regulated that entrepreneurship was crowded out, by the rising European welfare states.

Blog author: jcarter
Friday, July 8, 2016

Jesus and ‘The End Of Jobs’

Over the last few years, and especially of late, there is a swelling chorus of concern that we may be on our way to a future in which there simply aren’t enough jobs to go around. Not just a shortage of good jobs, mind you, but a shortage of jobs, period.

Four Reasons Religious Freedom Matters for Society
Hugh Whelchel, Institute for Faith, Work, and Economics

Religious freedom bears implications for our lives, just like the biblical view of freedom and economic freedom. In fact, religious freedom is entwined with these other freedoms.

The Next Accountability: Getting What We Want from Schools – Without Technocracy
Greg Forster, Friedman Foundation

For decades, the word “accountability” brought education reformers together. Today, it’s driving us apart.

How the Reaction to Kevin Durant Explains Our Conflicted Feelings About Free Trade
Jim Geraghty, The Corner

In some ways, sports fans’ hyperbolic reaction to professional athletes’ free agency decisions mirrors the country’s perspective on free trade: we love having freedom of choice for ourselves, but we don’t like other people having those same choices.