Economics

October 06, 2023

No, Chicago, We Don’t Need Government-Run Grocery Stores

The city of Chicago is plagued by waves of violence, looting, and plunder dating back to 2020, which was deemed “the summer of looting” by the Chicago Tribune, spurred by the murder of George Floyd while in police custody amid COVID lockdowns. Continue Reading...

May 25, 2023

End the Fed’s Cat-and-Mouse Game to Tame Inflation

Nine times. If you’ve seen the classic ’80s film Ferris Bueller’s Day Off, you recognize and can hear the principal’s voice. Ferris, an overconfident and overzealous teenager, has managed to ditch school with his two pals—again. Continue Reading...

May 02, 2023

The Genesis Paradigm vs. the Gender Paradigm

Abigail Favale’s The Genesis of Gender: A Christian Theory presents a positive vision of gender as part of God’s good creation. She describes and responds to contemporary gender theory, showing how it is contradictory to the Christian understanding of gender in general. Continue Reading...

March 16, 2023

The Myth of American Inequality

The notion of rising income inequality has permeated modern American discourse and is assumed as inherent to our economic system such that any claim to the contrary is easily dismissed as ignorance or insincerity. Continue Reading...

November 30, 2022

Freeing the Market from Unfree Minds

Free Market: The History of an Idea by Jacob Soll, a professor of history, philosophy, and accounting, attempts to trace the philosophical and theoretical evolution of the free market over 2,000 years. Continue Reading...

October 26, 2022

Banking, Panics, and Regs: The 2022 Economics Nobel

Earlier this month, Ben Bernanke, Douglas Diamond, and Philip Dybvig were awarded the Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel. Bernanke, Diamond, and Dybvig were honored for their many contributions to our shared understanding of both the role of banking and banking failures. Continue Reading...

September 26, 2022

The Inflation Reduction Act Won’t Reduce Inflation

President Biden has signed the Inflation Reduction Act (IRA), his attempt at delivering on his campaign promises of new investments to combat climate change, improve healthcare, and impose “fair” corporate taxes. Continue Reading...

September 02, 2022

Is It Time for a Minimum Corporate Tax?

Big reforms should be based on wide consensus. At the height of an economic crisis caused by the combined effects of the pandemic lockdowns and sanctions for Russia’s war in Ukraine, further economic experiments such as a global minimum corporate tax could easily become another example of the law of unintended consequences in action. Continue Reading...

August 26, 2022

Pope Francis wants us to pray for small and medium-sized enterprises

Who would ever have guessed this would happen? Well, it did. And in the quiet month of Rome’s roasting August, when the city experiences a near-total exodus to cooler climes. Very few journalists, in either the religious or secular press, noticed. Continue Reading...

August 23, 2022

Customers put product value ahead of political values

For years American business has allowed itself to be swayed by the push and pull of political culture. Investment decisions, corporate donations, and hiring practices have been made in response to a culture that demands acquiescence or cancellation. Continue Reading...

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