The magic of the washing machine

What was the greatest invention of the industrial revolution? The late great Hans Rosling makes the case for the washing machine. Rosling explains how the productivity gains of the washing machine (and similar labor-saving devices) lead to increases in education and economic growth in the developing world. Continue Reading...

Bishop Robert Barron explains Marxism in 21 minutes

Despite Marxism’s growing popularity among young people, church authorities spend little time discussing the topic – and when they do, they often speak in a misleading way. Thankfully, Bishop Robert Barron, the auxiliary bishop of the Archdiocese of Los Angeles, addressed the topic at length last week. Continue Reading...

What is currency manipulation?

Yesterday the Treasury Department took the unusual step of designating China a currency manipulator. Secretary Mnuchin, under the auspices of President Trump, made the change, saying, “In recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in the past.” Continue Reading...

One nation under debt

The federal debt is a risk to our future. The nation’s growing debt will weaken our economy and threaten our safety and security. Unfortunately, politicians either avoid the issue or suggest reforms that sound good but can’t solve the problem. Continue Reading...

How market forces can help preserve the environment

Many people believe government rules and regulations are the only way to protect the environment. But there are important benefits that properly structured market forces can bring to environmental policy. When the government and markets work together, it leads to effective solutions for sustainability. Continue Reading...