Post Tagged 'debt'

October 20, 2014

The Welfare State and Intergenerational Injustice

Last Saturday The Imaginative Conservative published my essay, “Let’s Get Back to Robbing Peter: The Welfare State and Demographic Decline.” To add to what I say there, it should be a far more pressing concern to conscientious citizens that the US national debt has risen from $13 trillion in 2010 to nearly $18 trillion today. Continue Reading...

July 07, 2014

The Economic Legacy of World War I

The Great War began 100 years ago last week. From an economic perspective (from Pulitzer Prize economist Liaquat Ahamed) the European nations paid for WWI not with taxes, but with massive debts financed largely by America. Continue Reading...

June 06, 2014

Thinking Biblically About Bankruptcy

The Bible has a lot to say about the principles behind bankruptcy law, says T. Kyle Bryant. In the Old Testament, God gave Moses various laws concerning the poor, lenders, borrowers, and debt forgiveness. Continue Reading...

March 05, 2014

Student loan update: ‘I’m from the government, and I’m here to entice you into debt slavery.’

The massive federal student loan program is creating a gargantuan higher education bubble and unsustainable levels of student loan debt, but at least all that borrowed money is going primarily to educate people, right? Continue Reading...

January 08, 2014

Detroit’s ‘Get out of Bankruptcy Free’ Card

Aaron M. Renn’s reflections on the implications of Detroit’s bankruptcy are worth reading, especially as relate to the DIA, a topic of some previous interest over the last year or so: In the case of the DIA, the city owns the museum and the collection. Continue Reading...

December 10, 2013

Redeeming the DIA

Most commentators, apart from Virginia Postrel and the like, seem to think that it would be tragic for the city of Detroit to lose the art collection at the Detroit Institute of Arts (DIA) in the city’s bankruptcy proceedings. Continue Reading...

October 18, 2013

The Moral Complexity of Inflation and Default

As the US federal government sidled up to the debt ceiling earlier this week without quite running into it, one of the key arguments in favor of raising the debt ceiling was that it is immoral to breach a contract. Continue Reading...

October 17, 2013

Samuel Gregg asks ‘Are We Living in Untruth?’

The U.S. government shutdown ended last night with a budget agreement that raises the debt limit, funding the government until February. Acton director of research, Samuel Gregg, addressed this in a new post at Aleteia. Continue Reading...

October 15, 2013

Why Christians Should Oppose the Debt Ceiling Charade

When it comes to political policy, Christians in America have a wide-range of opinions about what should be done. Even when we agree on a general principle, we tend to disagree about how that informs our policy choices. Continue Reading...

October 07, 2013

A Failure to Save

This first appeared in my newsletter, Economic Prospect, in late 2008. Looking back after five years I still like it. The American failure to save is matched by our insistence on spending to have it all. Continue Reading...

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