Denmark to American leftists: We’re not socialist

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6 Quotes: John C. Bogle on capitalism, values, and virtue

John C. Bogle, founder of the Vanguard Group of Investment Companies, died yesterday at the age of 89. Bogle popularized the practice of indexing, the practice of structuring an investment portfolio to mirror the performance of a market yardstick, like the Standard & Poor’s 500 stock index. Continue Reading...

Brexit and demophobia

Last night, the UK Parliament rejected Prime Minister Theresa May’s proposal towards an agreed exit from the European Union that would keep North Ireland part of the EU. And here we go again. Continue Reading...

Homeschooling a parent’s choice, not the state’s

Decades ago, when I was first ordained a priest, I shared a prejudice that many people hold: I thought homeschooling families were odd. I believed schooling children at home deprived such children of opportunities to be with other children causing them to be less able to communicate with others, socially awkward and reclusive and narrow in their experience and understanding of the world that they would one day have to grow up in and navigate. Continue Reading...

The irony of Patagonia’s tax cut ‘protest’

In response to the recent Republican-led tax reform—which reduced corporate taxes from 35% to 21%—many companies have responded by handing out surprise bonuses, increased 401(k) matches, and various wage bumps. For a company like Patagonia, however, the tax cuts have been labeled “irresponsible,” a symbol of the federal government’s reckless apathy. Continue Reading...

Understanding the quantity theory of money

Note: This is post #106 in a weekly video series on basic economics. The quantity theory of money states that there is a direct relationship between the quantity of money in an economy and the level of prices of goods and services sold. Continue Reading...