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February 17, 2016

A Problem for Fighting Poverty: Fewer Than Half of American Adults Work Full-Time

The single best weapon against poverty in America is a full-time job. In 2014 the poverty rate among married couples was 6 percent; the poverty rate among married couples who both have full-time jobs was 0.001 percent. Continue Reading...

December 31, 2015

Why Does the New York Times Want to Hurt the Poor?

While it may be difficult to imagine, there was once an era when the New York Times was concerned about the poor. Consider, for example, a 1987 editorial they ran with the headline, “The Right Minimum Wage: $0.00.” Continue Reading...

December 09, 2015

3 Modern Economic Lessons from an Ancient Tax on Windows

King William III of England needed money, so in 1696 he decided to implement a new property tax. To make sure the tax was progressive (i.e., affected the rich more than the poor), the parliament devised a seemingly clever idea: they’d use the number of windows as an index for the value of a house. Continue Reading...

December 07, 2015

The Federal ‘Anti-Poverty’ Program that Taxes the Poor

Imagine you’re at the checkout line at the supermarket and the clerk asks how much income your family earns each year. Offended, you ask why that is any of her business. Continue Reading...

September 18, 2015

My Response to Rolling Stone Magazine’s Claim that Pope Francis is Taking on ‘Conservative U.S. Clerics’

On Sept. 10, Rolling Stone magazine published a long article titled “Pope Francis’ American Crusade — The pope takes on climate change, poverty and conservative U.S. clerics.” From the title alone you could tell where this was headed. Continue Reading...

August 21, 2015

Americans Don’t Know Pope’s Environmental Views (And What That Means For Us)

There has been no document by a world leader that has received more attention this year than Laudato Si. Three months have passed since Pope Francis released his encyclical on the environment, and yet the media coverage and political commentary on it has hardly waned. Continue Reading...

August 17, 2015

Amazon and the ‘All Jobs Delusion’

In the movie Annie Hall, Alvy Singer (Woody Allen) tells an old joke about two elderly women having dinner at a Catskill mountain resort. One of them says, “Boy, the food at this place is really terrible.” Continue Reading...

July 31, 2015

6 Quotes: Milton Friedman on freedom and economics

Aristotle has often been described as the philosopher of common sense. Similarly, Milton Friedman, who would have been 103 years old today, could be described as the economist of common sense. Continue Reading...

July 30, 2015

USCCB’s Misunderstanding of Economics

Today, the United States Conference of Catholic Bishops (USCCB) called for supporting just wage public policies. While the religious leaders genuinely concern for the poor, they display a deep lack of understanding of basic economic principles, namely the law of supply and demand. Continue Reading...

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