Financial deregulation expands opportunity

The Dodd-Frank Act became law in 2010, adding more regulation to a banking industry that was already heavily regulated.  The main purpose of this 2,300 page act was to give consumers protection against big profit seeking banks but the unintended consequences prove to be much greater.  Continue Reading...

Washington showdown looms over Ex-Im Bank and cronyism

President-elect Donald Trump Sen. Lindsey Graham, Republican from South Carolina, wants to change the rules of one of the biggest crony capitalist organizations in Washington.  He wants to make it easier for the Export Import Bank to dish out large amounts of corporate welfare to companies such as Boeing, which already brings in revenues upward of $95 billion per year. Continue Reading...

Why great men are almost always bad men

“Power tends to corrupt, and absolute power corrupts absolutely,” is the most famous quote by the English Catholic historian Sir John Dalberg-Acton. But what exactly did he mean by it? That particular quote comes from a letter to Bishop Creighton in which Lord Acton explains that historians should condemn murder, theft, and violence whether committed by an individual, the state, or the Church. Continue Reading...

Sed contra: Taxation is theft

Over at the Libertarian Christian Institute, Jamin Hübner engages my reflection on taxation and Sam Gregg’s book, For God and Profit, with his sed contra: “But what if the ‘taxation is theft’ creed is consistent with both Christian and libertarian ideas, and that all things considered, taxation really is theft? Continue Reading...