It’s called the “Marketplace Fairness Act,” but how fair is it and who does it really benefit? The legislation, which is expected to pass the Senate, is heralded by supporters as instituting market equity to the brick and mortar retailers. Supporters also proclaim it will help to alleviate state budget shortfalls. The Marketplace Fairness Act gives new authority to states to directly collect sales taxes from online retailers. Jia Lynn Lang at The Washington Post explains:
Read more on Will New Internet Sales Tax Laws Create Market Fairness?…

There is much talk about raising minimum wage, even to the absurd rate of $22 per hour. President Obama has promised an increase to $9 per hour. Some small business owners, feeling the pinch of these raising wages, are turning to technology to solve their economic issues.

Read more on Raising Minimum Wage Means More Jobs … For Technology…

Zero-sum: It’s thinking that if you have more, I have less. One more baby in a family is one more mouth to feed, and less food for everyone else. One new business opens up on the block, and all the rest of the businesses suffer. The guy in the cubicle next to you gets a raise, and you get nothing, because there’s nothing left.

Read more on Dear President Obama: Don’t Live in the Zero-Sum Universe…

As I leafed through this week’s Wall Street Journal Europe political commentary, I finally felt a little redemption. Hats off to WSJ writers Peter Nicholas and Mark Peter whose brief, but poignant August 20 article “Ryan’s Catholic Roots Reach Deep” shed light on vice presidential candidate Paul Ryan’s value system. This was done by elucidating how Paul Ryan views the relationship of the individual with the state and how the local, small-town forces in America can produce great change for a nation gravely concerned about its weak and vulnerable.

The article references a standard Catholic but still-very-unknown-teaching on “subsidiarity.” Go figure, not even my word processing program recognizes the term in its standard U.S. English lexicon. Alas, subsidiarity is not a word you read about in the secular Wall Street Journal, either, whose op-eds debate many critical intuitions of the free market and democratic society yet seldom examine the intersection of theology and economics, like the Acton Institute does so well.

Indeed the WSJ Europe article was not that erudite (for other more elaborated pieces on subsidiarity go here and here and be sure to watch Fr. Robert Sirico’s  enlightening video (below). Neither do the WSJ writers spell out the details of Ryan’s various economic and welfare reform proposals inspired by the principle of subsidiarity, which include a repeal of nationalized medicine and drastically reducing spending on various excessive national welfare and other expansive public agencies.  Nonetheless, last Monday this secular media outlet gave its readers a very Catholic glimpse into  Ryan’s political world view which is  a product of a hardworking, Irish  Catholic family from  “small-town” America  (Janesville, Wis.)  trying to solve its own problems by the teachings of the Catholic Church. Read more on Small-town Paul Ryan: Defender of Subsidiarity…

In his new book, Defending the Free Market: the Moral Case for a Free Economy, the Rev. Robert Sirico points out that capitalism has been given a bad name that it truly doesn’t deserve:

Read more on What Gave Capitalism a Bad Name?…

Last week’s Wall Street Journal features a column from Michael Meyerson detailing the religious perspective of the Declaration of Independence. With questions of religious liberty occupying a sizable space in the public square, the article is especially timely. According to Meyerson, the Declaration’s brilliance lies in the “theologically bilingual” language of the Framers. Phrases like “endowed by their Creator with certain inalienable rights” employ what he calls a nondenominational inclusivism, a show of rhetoric that neither endorses nor rejects any particular religious ideology. The underlying implication of this statement, which captures the broader thrust of Meyerson’s article, is that the Framers recognized religion’s intrinsic value in a democratic state. He goes on to argue that the Framers’ understood religious expression as not only permissible, but desirable, for a budding nation. This is especially evident in two oft-forgotten but explicitly religious passages of the Declaration. First, the Framers’ acknowledged their own  “appealing to the Supreme Judge of the world for the rectitude of our intentions.” They also professed a “firm reliance on the protection of divine Providence.” Such phraseology, Meyerson argues, testifies to the value that the Framers’–among them some staunch supporters of church-state separation–placed on religious freedom:

Read more on The Declaration of Independence and the Necessity of Religion…

In the Wall Street Journal, Acton Institute President and Co-Founder Rev. Robert A. Sirico looks at the recent “note” on economics released this week by the Vatican. The document, titled “Toward Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” was published with an eye toward the upcoming G-20 meeting in Cannes, France, on Nov. 3-4. This 18-page document has, Rev. Sirico observes, “been celebrated by advocates of bigger government the world over.”

Read more on Rev. Sirico: The Vatican’s Monetary Wisdom…

Water is becoming scarcer and even more of a necessity than it was before. And while stories of water scarcity typically occur in underdeveloped, arid countries, the United States and other developed countries must realize they are no longer exceptions and must take into consideration the importance of water and the allocation of its use.

Read more on Water: A Right or a Commodity?…

Current events in India have left the country wrestling with an important question: What is civil society and what does it consist of? These are not easy questions to answer as definitions of civil society can greatly vary.

Read more on Samuel Gregg on India’s Civil Society…

Incandescent light bulbs are months away from being banned because they do not meet the efficiency requirements passed by Congress in 2007 that take effect starting 2012; however, before the ban takes place there may be a need to further evaluate the safety and benefits of CFL light bulbs.

Read more on Will I need a CFL Bulb Waiver?…