Latest Posts

January 23, 2018

Pope Francis on ‘the entrepreneurial world,’ human dignity, and family at Davos

Thousands of world leaders have gathered in the Swiss Alps, as the four-day-long World Economic Forum began today in Davos. Among the messages the elites heard was one written by Pope Francis which touched on the importance of family, human dignity, and the role of “the entrepreneurial world” in fulfilling the “moral imperative” to create an uplifting economy for all. Continue Reading...
January 23, 2018

How a universal income could discourage meaningful work

In his popular book, Coming Apart, Charles Murray examined the key drivers of America’s growing cultural divide, concluding that America is experiencing an “inequality of human dignity.” Such a divide, Murray argues, is due to a gradual cultural drift from our nation’s “founding virtues,” one of which is “industriousness.” Continue Reading...
January 23, 2018

Ending America’s bigoted education laws

When James Blaine introduced his ill-fated constitutional amendment in 1875, he probably never would have imagined the unintended consequences it would have over a hundred years later. Blaine wanted to prohibit the use of state funds at “sectarian” schools (a code word for Catholic parochial schools) in order to inhibit immigration. Continue Reading...
January 23, 2018

Asymmetric information in health insurance

Note: This is post #65 in a weekly video series on basic microeconomics. In this video by Marginal Revolution University, Tyler Cowen discusses asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Continue Reading...
January 22, 2018

What you should know about Jubilee Years

Many politically progressive Christians have latched on to the concept of a “Jubilee year” as a biblically endorsed excuse for debt cancellations and as a way to “dismantle economic inequality.” But as a new study by Charles A Goodhart and Michael Hudson explains, Jubilee Years didn’t originate in ancient Israel, they weren’t really about egalitarianism, and they can’t readily be applied outside of agrarian based economies. Continue Reading...