Economics

July 30, 2013

Economic Mobility and the Cleveland Plan

Anthony Dent has a clever plan to improve economic mobility: move strategically unimportant federal departments and agencies to economically impoverished cities and towns across America. Republicans would support it because, well, they hate DC and favor “real” America. Continue Reading...

July 29, 2013

The Death Of Detroit’s Middle Class

Detroit is bankrupt. The city government can’t pay its bills. Scores of empty houses and garbage-strewn lots greet anyone who drives down once-bustling streets. There is a lot of finger-pointing, and no easy answers. Continue Reading...

July 29, 2013

Do Distributists Get Anything Right?

As David Deavel points out, free market economists and distributists “are often at each others’ throats.” Deavel is attempting to scrutinize distributism – what it is and what it isn’t – in a series at Intercollegiate Review. Continue Reading...

July 26, 2013

‘Drowning Public Budgets’: The Problem With Unions

In this Prager University video, Philip Howard explains how unions are sucking money from city and state budgets across America. This type of financial drain led, in part, to the demise of Detroit. Continue Reading...

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...

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