From Econstories.tv: In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there’s a “boom and bust” cycle in modern economies and good reason to fear it.
Read more on Fear the Boom and Bust — rappin’ with Hayek and Keynes…
Writers on this blog have pointed to a lot of examples of effective compassion when it comes to charity and public policy. But what can ineffective compassion, or maybe just a lack compassion, look like? The Lieutenant Governor of South Carolina Andre Bauer made a comment saying government assistance programs for the poor was akin to “feeding stray animals.” I’m not highlighting the comment just to bash Bauer and you can watch the clip where he clarifies his comments. He continues in a follow up interview by offering up a much more articulate and measured response to the problems of government dependency.
This week’s Acton commentary:
As 2010 unfolds, many countries are confronting a public deficit crisis of disturbing proportions. Since 2008, countless politicians have underscored that a cavalier attitude to debt on the part of Main St. and Wall St. contributed significantly to the recent financial crisis. It’s therefore ironic to observe these contemporary preachers of thrift plunging developed economies into an abyss of public liabilities.
Over at the American Orthodox Institute’s Observer blog, Fr. Hans Jacobse takes Ecumenical Patriarch Bartholomew to task for jumping on the global warming bandwagon:
We warned the Ecumenical Patriarch that endorsing the global warming agenda was reckless. Anyone with eyes to see saw clearly that global warming (since renamed “climate change” — a harbinger that the effort might freeze over) was a political, not scientific, enterprise calculated to centralize the control of the economies of nation-states under bureaucracies.
The Economist reports on a new study by psychologists that looks into the problem of abuse of power. The researchers attempt to “answer the question of whether power tends to corrupt, as Lord Acton’s dictum has it, or whether it merely attracts the corruptible.”
Daren Fonda at Smart Money has a great primer on faith-based mutual funds, “Faith & Finance: A Boom in Religious Funds.” These kinds of funds can be understood as a slice of the broader sector of “socially responsible investing.”
The Acton Institute’s film “The Birth of Freedom” is a treat to watch again and again. But there is a rather dramatic effect towards the end of the film when the relationship of The Cathedral at Notre Dame and the cubist Grand Arche, located in the Parisienne arrondissement La Defense but dedicated to humanitarian “ideals” rather than military victories, are contrasted with musical and cinematic styling that borders on being overdone. That is until you enter the world of National Public Radio et al as I did recently when listening to a broadcast of “Arts Alive” on KUSC, the station of The University of Southern California. (Some readers might want to think “Pete Carroll” to get their bearings.)
Published today on National Review Online:
When I first heard the news from Haiti and watched the horrible stories on television, I had the same impulse I imagine millions around the world experienced: I found myself thinking of catching the next plane to Port-au-Prince to help in whatever way I could.
The Birth of Freedom opens and closes with Martin Luther King, Jr.’s iconic “I Have a Dream” speech. King appealed to Americans to live out the true meaning of this nation’s creed that all men are created equal. The documentary sets that appeal within the broader context of the Christian West’s slow but ultimately triumphant march to freedom.
Read more on Celebrate Martin Luther King Day With The Birth of Freedom Film…
