Over at NRO, Thomas Sowell takes on what he calls the “lie” of “trickle-down economics.” Thus, writes Sowell, “the ‘trickle-down’ lie is 100 percent lie.” Sowell cites Bill de Blasio and Barack Obama as figures perpetuating the “lie,” along with writers in “the New York Times, in the Washington Post, and by professors at prestigious American universities — and even as far away as India.”
But we should also note that “trickle-down theories” get a mention in Evangelii Gaudium, too: “some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world.”
In the midst of his discussion, Sowell asks the following penetrating questions:
Why would anyone advocate that we “give” something to A in hopes that it would trickle down to B? Why in the world would any sane person not give it to B and cut out the middleman?
Whether or not there is such a thing as “trickle-down economics” in the discussions about the market economy, isn’t there something akin to what Sowell asks about at play in usual redistributive welfare programs? Don’t we “give” something to governmental bureaucracies and agencies in the hopes that they will in turn redistribute it (hopefully in more than a trickle) to the poor?
And as for the “trickle” part of trickle-down welfare economics, Juan de Mariana long ago observed that “money, transferred through many ministers, is like a liquid. It always leaves a residue in the containers.” So why not give directly to the poor and cut out the middleman, as Sowell wonders?
That’s precisely the discussion that’s been going on over at the Bleeding Heart Libertarians blog, among other places, about direct cash transfers to the poor instead of bureaucratic welfare programs. Head on over to the BHL blog to check it out.
Acton’s busy week of media appearances continued last night with Acton President Rev. Robert A. Sirico joining guest host Arthur C. Brooks – president of the American Enterprise Institute – on The Hugh Hewitt Show to discuss Pope Francis, Evangelii Gaudium, and the compatibility of Catholic social teaching with free market capitalism. We’ve embedded the interview for you below, and added the video of Arthur Brooks’ 2012 Acton University plenary address after the jump.
Acton Institute Director of Research Samuel Gregg sat down with Daniel McInerny, the Editor of the English edition of Aleteia, to discuss his latest book, Tea Party Catholic. McInerny and Gregg explore what Catholics should believe regarding limited government, free markets and capitalism. Check out Sam’s book here, and view the interview below.
We’ve had a busy couple of weeks at the Acton Institute, hosting a number of events here in Grand Rapids including a couple of Acton Lecture Series presentations. The first of those came on October 15, as we welcomed John Blundell, Visiting Fellow at the Heritage Foundation and Distinguished Senior Fellow at the Institute of Economic Affairs. His talk was titled “Ladies for Liberty: Women Who Made a Difference in American History,” and provided a fine overview of a the contribution that women have made to the struggle for liberty in American history. We’re pleased to present video of Blundell’s lecture below.
More: John Blundell spoke once before as part of the Acton Lecture Series, in 2011. You can view his earlier address, “Lessons from Margaret Thatcher,” after the jump. (more…)
On Saturday, November 9, the Intercollegiate Studies Institute is hosting a conference on the 60th Anniversary of Russell Kirk’s The Conservative Mind. The conference, which will examine the impact of Kirk’s monumental book—which both named and shaped the nascent conservative movement in the United States—is to be held at the Eberhard Center on the downtown Grand Rapids campus of Grand Valley State University, which Acton supporters will recognize as the home of Acton University from 2006-2010, and that conference’s precursor, the Acton Symposium in 2005. The ISI conference promises to be a stimulating experience, featuring Gleaves Whitney of Grand Valley’s Hauenstein Center, Professor Bruce Frohnen of Ohio Northern University, and Gerald Russello, editor of the University Bookman, the scholarly quarterly founded in 1960 by Kirk.
That being said, Acton has a connection to Russell Kirk that goes beyond the coincidental sharing of conference space. For one thing, the Acton Institute was blessed to have Kirk serve in an advisory capacity from the founding of the institute up until the time of his death. And it was our honor to host the great man for what would turn out to be his final public lecture.
The lecture took place on Jaunary 10, 1994 at the University Club in Grand Rapids, not far from his home in Mecosta, Michigan. Kirk spoke on the topic of Lord Acton on Revolution, laying out his case that Acton, over the course of his life, developed a tendency to too easily approve of revolution, even sometimes showing an “enthusiastic approbation” of it. Ultimately, Kirk believed that Acton was too enthusiastic about revolution, and he faults Acton for too earnestly supporting the abstract common good that revolution would supposedly advance, while failing to foresee the dangers that revolution could pose to the liberty that Acton so cherished.
For a man who had recently been “under house arrest for the past six weeks under my doctor’s orders, having overexerted myself on the lecture platform,” he speaks with great enthusiasm and energy, and with great clarity of mind. Just over three months later, he passed away at his home in Mecosta, Piety Hill.
It was our privilege to draw from Kirk’s wisdom in our early days as an institution, and it is now our privilege to share this, his final lecture, with you.
More: Acton’s remembrance of Russell Kirk, from Religion and Liberty, Volume 4, Number 3.
Even More: Russell Kirk on “Enlivening the Conservative Mind.”
If you missed Acton’s Anniversary Dinner on October 24th, well, you sort of blew it. A packed house welcomed noted satirist, student of stupidity, political reporter (but I repeat myself), and all-around fun guy P.J. O’Rourke to Grand Rapids, and he came prepared to let the audience know just how unprepared he was to address an Acton Institute function:
For more from this year’s dinner, check out this earlier post: ‘Acton has Given Me a Backbone’
There was something wrong with Zhang’s dog. The Chinese man had bought the Pomeranian on a business trip, but after he brought it home he found the animal to be wild and difficult to train. The dog would bite his master, make strange noises, and had a tail that mysteriously continued to grow. And the smell. Even after giving the mutt a daily bath Zhang couldn’t bear the strong stink.
When he could take it no longer, Zhang sought help from his local zoo in Tunkou. They informed him that the dog was not a dog at all — it was an Arctic fox, a protected rare species.
The Tea Party movement is like Zhang’s dog. For the four years, pundits and politicians have been trying to identify this political animal. Almost everyone thinks they have political movement on their hands, but as many folks recognized years ago the Tea Party “movement” is not really a movement at all. It’s a new title for something old the Republicans have ignored for a long time. A number of astute observers recognized that fact soon after the “Tea Party” movement was born.
“Having looked at the swelling of the Tea Party,” Paul Gottfried wrote in The American Conservative in 2010, “I’ve come to the conclusion that it’s not a uniform movement. There are at least three different movements trying to give the impression of being one.” And as Matthew Continetti of The Weekly Standard said that same year:
There’s a fascinating profile of Jim DeMint, the new president of the Heritage Foundation, in BusinessWeek, which makes a good pairing for this NYT piece that focuses on the GOP’s “civil war” between establishment Republicans and Tea Partiers.
But one of the comments that really stuck out to me concerning DeMint’s move from the Senate to a think tank was his realization about what it would take to change the political culture in Washington. As Joshua Green writes, DeMint had previously worked to get a new brand of GOP legislator elected to Congress, including Ted Cruz and Marco Rubio. But later “DeMint gave up trying to purify the party from within.”
On June 27, 2013, Samuel Gregg, Acton’s Director of Research, discussed his book Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future as part of the 2013 Acton Lecture Series. If you weren’t able to join us here at the Acton Building for the lecture, you can watch below: