Great Society: A New History by Amity Shlaes (Harper, 511 pages, $32.50) Amity Shlaes’ new book, Great Society, reminds us of the vast folly of our government’s misplaced faith in the collective. At a time when Great Society ideas —…
American politics are nasty and often counterproductive because we have tried to solve too many problems politically, through government programs, rather than socially, through civil society. We have substituted bureaucracies for individual and community initiatives. Historically, America was built by…
The Federal Reserve Bank (the Fed) has a policy to create and sustain 2-percent inflation in America on an annual basis. J. P. Morgan would be chagrined to know that he helped create a central bank that promotes inflation. The…
Tariffs are a popular remedy to maintain a favorable balance of trade and create domestic jobs. Some believe tariffs will foster a renaissance of American manufacturing, but let’s consider the facts. America has six million unfilled jobs, with almost every…
The following article is based on my recent lecture at the Mises Institute in Auburn, Alabama, entitled: “Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence.” Here I will explore morality as Hazlitt’s foundational theme in economics. Henry Hazlitt is…
President Trump’s recent budget proposal calls for reforms to the federal student loan program, so that colleges that “accept taxpayer funds have skin in the game through a student loan risk-sharing program.” Certainly, a change in the student loan program…
The most important issue facing America today is the national debt and increasing federal deficits. Our national debt now exceeds yearly gross domestic product (GDP). The U.S is the wealthiest country in the world, but our government has the largest…
The next time an ambitious politician suggests an intervention by the Federal Government to solve an important issue of the day, we must remember Caveat emptor — let the buyer beware. Let us consider the adverse impact of federal funding and…
We are living through one of the great crises of the modern Church. Since the turn of the century the crisis has only worsened. It must be addressed now. Catholic Laity are struggling to reform and resolve the sex scandal,…