Economics

June 04, 2019

When the Federal Reserve does too much

Note: This is post #123 in a weekly video series on basic economics. “If you think through all of the variables that shape a country’s economy, it’s no wonder that monetary policy is difficult,” says economist Alex Tabarrok. Continue Reading...

June 03, 2019

New study exposes career training cronyism

Last week the Mackinac Center — a think tank that focuses on public policy in Michigan — published a new study: “Workforce Development in Michigan.” The study, authored by Hope College economics professor, Acton research fellow, and Journal of Markets & Morality associate editor Sarah Estelle, examines the wide variety of skills-training and employment programs in the state. Continue Reading...

June 03, 2019

Are rising education and healthcare costs our own fault?

Alex Tabarrok, professor of Economics at George Mason University and co-author of the Marginal Revolution blog, has co-authored a new book with Eric Helland exploring why prices have risen so sharply in healthcare and education. Continue Reading...

May 31, 2019

Greed vs. self-interest: Toward markets driven by love

“When you see the greed and the concentration of power, did you ever have a moment of doubt about capitalism and whether greed is a good idea to run on?” That question was famously asked by Phil Donahue to economist Milton Friedman in a popular exchange from 1979. Continue Reading...

May 30, 2019

Rev. Robert Sirico on socialism and the religious left in the Detroit News

The Detroit News has published an opinion piece by Fr. Robert Sirico on our increasingly contentious public discourse, socialism, and the religious left titled ‘The dangers of creeping toward socialism’: The popes have traditionally condemned socialism in the strongest possible terms as being incompatible with Christianity, because its concept of society itself is utterly foreign to Christian truth. Continue Reading...

May 29, 2019

Aldi and the virtues of ‘brutal efficiency’

In recent years, we’ve witnessed a food revolution of sorts, leading to expansive consumer choice and an increasing emphasis on healthy or specialty foods that are locally and ethically sourced. In turn, a flurry of grocery chains have capitalized on such trends, with some stuffing their aisles with countless brands as others focus on “socially conscious” goods at luxury prices. Continue Reading...

May 24, 2019

Study: How do millennial Christians approach faith, work, and calling?

Millennials recently surpassed Baby Boomers and Generation Xers to become the largest generation in the American workforce—a development that has likely led many to recall the common stereotypes about millennials as dreamy-eyed idealists or lazy, entitled complainers. Continue Reading...

May 22, 2019

Rev. Ben Johnson on ‘Donald Trump’s one-front trade war’

In the U.S. edition of The Spectator, Rev. Ben Johnson looks at how President Donald J. Trump eased tariffs on North American and European trade partners so he could ratchet up pressure on China. Continue Reading...

May 20, 2019

Is Facebook a monopoly the government should break up?

Chris Hughes, a co-founder of Facebook and co-chairman of the Economic Security Project, has recently written an impassioned plea in the New York Times calling for the government to break up Facebook. Continue Reading...

May 16, 2019

Yet another example of how the Vatican misunderstands America…and economics

After almost twenty years in Rome, I’ve learned not to insist too much on the Vatican reading the USA with any kind of accuracy, so I usually don’t feel the need to comment on every little misunderstanding coming from the Roman Curia. Continue Reading...

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