Religion & Liberty Online Archives

Economics

July 25, 2013

6 Bad Arguments About Income Inequality

Earlier this week I claimed you rarely hear progressives argue that income inequality is a problem since for them it just is an injustice. But there’s another reason you rarely hear them make arguments about why income inequality is morally wrong: their actual arguments are terrible. Continue Reading...
July 23, 2013

Why social mobility matters—and income inequality does not

When it comes to household income, progressives tend to start with their intuitive understanding of fairness (i.e., some people have a lot more income than others), move to the solution (redistribution of income and wealth from those who have more to those who have less), and only then to develop a metric that justifies implementing their solution: income inequality. Continue Reading...
July 22, 2013

Detroit: A Collapse of Real Integrity

Douglas Wilson has an interesting take on Detroit’s bankruptcy: “like a drunk trying to make it to the next lamp post.” Why this analogy? Wilson says we first have to understand that Detroit is inevitably in a defaulting situation; the question now is what kind of default. Continue Reading...
July 19, 2013

Jayabalan on Detroit Bankruptcy

In an interview with Vatican Radio, Acton Rome office director Kishore Jayabalan offers perspective on the bankruptcy filing yesterday by the city of Detroit. Jayabalan told the network that Detroit is “really a city that’s on its knees.” Continue Reading...
July 16, 2013

Obamacare: A Pathway From Work To Welfare?

If the National Bureau of Economic Research is to be believed, Obamacare stands to cause more than 1 million Americans to shift from work to welfare. Why? America will lose an abundance of low-paying full-time jobs to relieve employers of health-care cost burdens. Continue Reading...
July 15, 2013

Miller: ‘Does Capitalism Destroy Culture?’

Anyone who’s driven across the American landscape knows that there will be a familiar string of fast-food chains, gas stations and box stores along the expressways. You could virtually eat the same meal as you drive from one coastline of America to the other. Continue Reading...