What Pope Francis Misses About the Morality of Capitalism

“Defending capitalism on practical grounds is easy,” writes economist Donald Boudreaux at the Mercatus Center. “It is history’s greatest force for raising the living standards of the masses.” What’s more difficult, it seems, is understanding its moral logic, spiritual implications, and which of each is or isn’t inherent to private ownership and economic exchange. Continue Reading...

Overcoming ‘Anti-Foreign Bias’ in Trade and Immigration

Many conservatives exhibit a peculiar tendency to be pro-liberty when it comes to business, trade, and wages, but protectionist when it comes to the economic effects of immigration. It’s an odd disconnect, and yet, as we’ve begun to see with figures like Donald Trump and Rick Santorum, one side is bound to eventually give way. Continue Reading...

The Poison of Anti-Immigration Protectionism

As the number of Republicans vying for the presidency reaches new levels of absurdity, candidates are scrambling to affirm their conservative bona fides. If you can stomach the pandering, it’s a good time to explore the ideas bouncing around the movement, and when necessary, prune off the poisonous limbs. Continue Reading...

Stop Trying to Inject Your Work With Meaning (Hint: It’s Already There)

In a recent piece for the Wall Street Journal, Rachel Feintzeig sets her sights on the latest trends in corporate “mission statements,” focusing on a variety of employer campaigns to “inject meaning into the daily grind, connecting profit-driven endeavors to grand consequences for mankind.” Companies have long cited lofty mission statements as proof they have concerns beyond the bottom line, and in the past decade tech firms like Google Inc. Continue Reading...