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The Market is a Moral Teacher

Does the free market encourage moral behavior? Virgil Henry Storr, Research Associate Professor in the Department of Economics at George Mason University, recently wrote a report called “The Impartial Spectator and The Moral Teachings of Markets.” He addresses critics’ concerns that the free market brings out and nurtures human vices. Continue Reading...

Conservatives and the Non-Triumph of Capitalism

Conservatives need to stop shying away from principled, as opposed to merely utilitarian, defenses of economic freedom and its associated institutions, says Acton research director Samuel Gregg in an article for Public Discourse: Some fiscal conservatives are certainly too sanguine about creative destruction’s unintended negative effects on our lives. Continue Reading...

PowerLinks – 05.09.13

Moral markets Marvin Olasky, World Americans are about to relearn the lesson, says Steve Forbes, that it is big government and not capitalism that causes economic instability Three Girls in Cleveland… and Millions Worldwide Ed Stetzer, Lifeway Research Blog I cannot help thinking about the fact that this is, well, a horrible reality for several other families across the world. Continue Reading...

The Regulators Are Coming for Bitcoin

Last month, in my series on Bitcoin, I wrote that for the crypto-currency to succeed it will one day have to become trusted by more mainstream consumers, which requires adding such features as regulatory oversight and a centralized monetary authority—the very features of other currencies that Bitcoin was created to avoid. Continue Reading...

‘A Church That Walks Serene’

“Let us not forget: we are a pilgrim church, subject to misunderstanding, to persecution, but a church that walks serene, because it bears the force of love.” ― Oscar A. Romero, The Violence of Love It is no secret to Christians that being one is not easy. Continue Reading...

Verizon Shareholders Reject Net Neutrality Resolution

Last week, Verizon Communications Inc. shareholders rejected a wireless network neutrality proxy resolution from two prominent Interfaith Center for Corporate Responsibility members, Nathan Cummings Foundation and Trillium Asset Management Corporation. As this writer noted in a March 28, 2013, blog post concerning a similar proxy resolution submitted to AT&T Inc., advocacy of network neutrality is far removed from the ICCR’s goals of furthering social justice because it kills jobs, deters technical innovations and drives up consumer bills.  Continue Reading...

The Injustice of US Educational Attainment

As commencement ceremonies once again are being celebrated around the country, I was reminded again of the moral crisis of US education. Elise Hilton recently surveyed the dismal employment rate among young adults in the US, writing that we have moved in twelve years from having the best rate in the developed world to being among the worst, following the path of Greece, Spain, and Portugal. Continue Reading...