Video: ‘Fighting Poverty: We’ve Been Doing it All Wrong’

Yahoo! Finance’s Stock Analyst, Kevin Chupka, recently interviewed Rev. Robert Sirico about the “Cure for Income Inequality” and the work of PovertyCure. Chupka begins by stating that “close to half the planet lives on less than $2 dollars a day” and that an alarming number of Americans are living below the poverty line. Continue Reading...

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What Most People Get Wrong About Economics

I am not an economist. Truth be told, I only took one class in economics as an undergrad. However, I’ve learned a lot in the past few years, and one of the things I’ve learned is that most people don’t understand economics. Continue Reading...

60 Second Review: Milton Friedman

The Book: Milton Friedman: A concise guide to the ideas and influence of the free-market economist by Eamonn Butler The Gist: As the subtitle suggests, this short book provides a concise overview of the ideas and influence of the late economist, Milton Friedman The Quote: “[T]he supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. Continue Reading...

PowerLinks 05.19.14

The 8 worst places in the world to be religious Daniel Burke, CNN Among the most worrying trends, according to the State Department, are “authoritarian governments that restrict their citizens’ ability to practice their religion.” Swiss Voters Defeat $24.65 Minimum Wage by a Wide Margin Melissa Eddy, New York Times The proposed rate — considerably higher than elsewhere in Europe and more than double the $10.10 President Obama has sought in the United States — found little support in a national referendum, with 76.3 percent opposed, according to initial results released by the government. Continue Reading...

The Power of the Personal and the Temptation of the Planner

In his latest column, David Brooks examines the limits of data and “objective knowledge” in guiding or directing our imaginations when it comes to solving social problems. Using teenage pregnancy as an example, he notes that although it may be of some use to get a sense on the general drivers of certain phenomena, such information is, in the end, “insufficient for anyone seeking deep understanding”: Unlike minnows, human beings don’t exist just as members of groups. Continue Reading...