On Tuesday, the Acton Institute, along with our friends from the Mackinac Center for Public Policy, welcomed F.H. Buckley, Foundation Professor at George Mason University School of Law and author of The Once and Future King: The Rise of Crown Goverment in America, for a lecture presentation in the Acton Building’s Mark Murray Auditorium. Buckley addressed the topic of his book, describing the increase in presidential that has occurred since the time of the founders, and which has reached its fullest flowering in the Obama Administration. You can watch the video below; if you haven’t listened already, you might be interested in the latest edition of Radio Free Acton which features an interview with Buckley.
On this edition of Radio Free Acton, I was privileged to speak with F. H. Buckley, Foundation Professor at George Mason University School of Law and author of a number of books, his latest being The Once and Future King: The Rise of Crown Government in America.
The story of American Government is the story of the rise of presidential power, which has seen its fullest, and – for those who believe in the principles of the Constitution and oppose one-man rule – most unsettling flowering in the presidency of Barack Obama. How did a country that was founded on small-r republican principles go from overthrowing the rule of the King George to essentially creating its own elected monarchy, which George Mason, one of the founding fathers, considered worse than the real thing? Buckley discusses this process and our current political dilemma.
Later this week, we’ll post the video of Buckley’s lecture on the same topic, which he delivered yesterday at the Acton Building’s Mark Murray Auditorium at an event co sponsored by Acton and The Mackinac Center for Public Policy.
Today, Professor Helen Alvaré of George Mason University, testified before the House Judiciary Committee Subcommittee on the Constitution and Civil Justice regarding taxpayer-funded abortions under Obamacare. Alvaré, who teaches family law, law and religion, and property law, states that Americans have never understood abortion as a “good,” and that abortion cannot be labeled health care. The video below is her testimony.
Call for Papers: “Intellectual Property and Religious Thought”
University of St. Thomas School of Law, April 5, 2013. The University of St. Thomas will hold a conference titled “Intellectual Property and Religious Thought,” on April 5, 2013, co-sponsored by the Terrence J. Murphy Institute for Catholic Thought, Law, and Public Policy and The University of St. Thomas Law Journal. The conference will be held at the University of St. Thomas School of Law building in downtown Minneapolis.
Some come like Nicodemus – a religious leader who came to talk to Jesus in private – at night. Many have felt remorseful about what happened on Wall Street and how it has hurt so many people. They describe the behavior in their profession with words such as “greedy,” “risky,” or “reckless.” These business and banking leaders do feel sorry, but repentance means that remorse must be coupled with a change in the behaviors that led to the problems.
The Prophet, who can read their very thoughts (“repentance and accountability were far from their minds”), bids them to change their ways and reminds them about God and Mammon. But it is not so much a conversion of hearts and minds Wallis is asking for, as it is the divine wrath of Washington regulators. His three-point plan (emphasis mine):
First, provide transparency and accountability. Given the human condition and the many temptations of money, we need transparency and accountability in financial markets and instruments, including high-risk and questionable ones such as the now infamous “derivatives.” To protect the common good, we need to enact greater regulation and oversight of all elements of the banking industry.
Second, provide consumer protection. Any pastor can now tell you stories of how parishioners were mistreated, cheated, and damaged by current banking practices. Many clergy strongly favor protecting consumers from predatory financial practices. They want a strong independent Consumer Finance Protection Agency, with jurisdiction and enforcement power over all companies in the financial sector, in order to protect people from fraudulent, misleading, and abusive practices.
Third, limit size and risk, so banks are no longer too big to fail – and are bailed out at public expense. This means setting limits on the size of financial institutions and the risks they can take. Ban bank ownership of private investment funds, and establish an orderly process to dissolve a failing bank, in order to avoid future taxpayer bailouts. Give a stronger voice to shareholders and investors in institutional practices and policies – including determining the executive compensation of companies, and the now infamous bank executive bonuses.
A much more intelligent and balanced analysis of the financial crisis was published yesterday by Russ Roberts, a professor of economics at George Mason University and a scholar at the Mercatus Center. Note the complete lack of cheap moralizing that informs so much of Wallis’ economic “analysis.” This is from the introduction to Roberts’ “Gambling with Other People’s Money”: (more…)