Economics – Page 17 – Religion & Liberty Online

February 03, 2020

Law & Liberty forum helps break down free markets versus economic nationalism debate

Since 2015, I have spent more time than I could ever have imagined debating the issue of whether free markets are more optimal for the United States (or any other country) than the various policies usually grouped together under the phrase “economic nationalism.” Continue Reading...

February 03, 2020

Samuel Gregg: ‘Economic nationalism will not make America great again’

In early January, Samuel Gregg explained at Law & Liberty how economic policies driven by nationalist protectionism have, in many cases, eventually resulted in economic loss. Generally, protectionist policies are implemented in order to protect workers and industries, however, they also have the effect of throwing market incentives off balance. Continue Reading...

January 30, 2020

Untangling the roots of wealth inequality is more complex than it appears

Inequality is one of those topics that is sure to spark quick and intense debate, wherever and whenever it is raised. In any such discussion, however, facts matter. That’s one reason why my attention was recently drawn to an article published in early December at Real Clear Markets, titled “Inequality Is Decidedly Not the Problem In the U.S.” Continue Reading...

January 28, 2020

Churches, tax exemption, and the common good

Are churches tax exempt as a matter of privilege or right? What does tax exception cost communities and churches? Christianity Today has been hosting an interesting debate on these issues. Paul Matzko, Assistant Editor for Tech and Innovation at the CATO Institute, argued in the cover story of this month’s issue that tax exemption comes at a high a cost to the communities in which they are located: This feeling that churches don’t contribute to the common good is not uncommon in America. Continue Reading...

January 28, 2020

Amity Shlaes proves that LBJ’s Great Society was a “nightmare”

When President Lyndon B. Johnson unveiled the plans for his Great Society initiative at the University of Michigan in 1964, he promised to usher the United States into “a new age.” Continue Reading...

January 28, 2020

How an Argentine cooperative is empowering workers and entrepreneurs

Despite the once promising election of President Mauricio Macri, Argentina’s first non-Perónist leader in 13 years, the country has largely returned to its embrace of leftist economic policies, including recently imposed capital controls and interventionist price fixing. Continue Reading...

January 23, 2020

Alexandria Ocasio-Cortez’s crass Marxist materialism

During a Martin Luther King Day discussion with the writer Ta-Nehisi Coates, Representative Alexandria Ocasio-Cortez, D-N.Y., made clear that she is not just a democratic socialist but a Marxian one. Evie Fordham of Fox Business has written a helpful summary of the remarks, including Ocasio-Cortez’s concise explanation of the Marxist theory of the exploitation of labor: “No one ever makes a billion dollars. Continue Reading...

January 22, 2020

Lunch lady equality: The fruits of Sweden’s ‘good socialism’

Sweden is often hailed for its sweeping cultural and political emphasis on the equality of all things. But while the popular discourse tends to center on its progressive economic policies and far-reaching public services, the country’s focus on fairness stretches across the spheres of Swedish society—including, more recently, its school cafeterias. Continue Reading...

January 21, 2020

Bernie Sanders tweets a recipe for exacerbating the housing crisis

Note: An expanded version of this post was released as this week’s Acton Commentary. This week, Democratic presidential hopeful Senator Bernie Sanders, I-VT, tweeted the following reaction to a story from The Economist describing rising American rent payments: This is a crisis. Continue Reading...

January 20, 2020

Donald Boudreaux on why Oren Cass’s comparative advantage is not discussing comparative advantage

Last week I wrote about the basic economic illiteracy behind of Oren Cass’s case for industrial policy. So basic were the mistakes that I thought perhaps I had misread Cass’s argument. Continue Reading...

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