Inflation: A Moral Problem

Despite signs of a cooling economy, the Fed is holding the line on interest rates. And reason is fairly simple: Worries about inflation. While there are many good reasons for fiscal restraint in the face of the inflation threat, there are also larger moral issues at work, says Sam Gregg. Continue Reading...

Another Round in the Moyers/Beisner Saga

For those still interested, the latest installment of the Bill Moyers/Cal Beisner saga is in (for those of you who need refreshing, check out the posts here, here, and here. Moyers summarizes his side of the story with links here, under the section titled “Moyers and Beisner Exchange”). Continue Reading...

Ghosts in Paper Houses

One thing that they do over at GetReligion is track “ghosts” in news stories. I think I found one this morning on the CBS Morning Show, and it’s fitting to talk about it given that today is Halloween. Continue Reading...

Follow-Up on Climate Change at the Economist

About a month ago I posted some responses to the editorial position taken at the Economist. One of their claims was with regard to the Kyoto Protocol and that “European Union countries and Japan will probably hit their targets, even if Canada does not.” At the time I registered skepticism with respect to these estimates. Continue Reading...

An Economist’s Report on Climate Change

In a report commissioned by the UK government, Sir Nicholas Stern, a former chief economist of the World Bank, argues that the cost of waiting to take action to curb CO2 emissions will outpace other economic arguments against action on climate change. Continue Reading...

CNN Poll: Broken Government

Data from a new CNN poll: “Queried about their views on the role of government, 54 percent of the 1,013 adults polled said they thought it was trying to do too many things that should be left to individuals and businesses. Continue Reading...

Patterns of Philanthropy

“From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked” (Luke 12:48 NIV). When Bank of America Philanthropic Management noticed that “the wealthiest 3% of American households responsible for nearly two-thirds of charitable giving,” it decided to study philanthropic giving. Continue Reading...

Plug-In Hybrids Are Not So Green

The Wired.com blog Autopia passes along this NYT story outlining some of the fundamental challenges facing plug-in hybrid electric cars. The basic formula for the appeal of such hybrids is as follows: “The electric system runs mostly on coal, natural gas and uranium, all relatively plentiful. Continue Reading...

Micro-Finance: A Way Out of Poverty

In awarding the Peace Prize to Muhammad Yunus and the Grameen Bank, the Nobel Committee has focused the world’s attention on the power of “bottom up” economic development. Jennifer Roback Morse reminds us that “the micro-credit movement has helped many of the poor become less poor, and to lift themselves, their families, and their neighbors out of abject poverty.” Dr. Continue Reading...