Weak Become Heroes

Via Sociological Images is this pretty awesome “pro-capitalist” propaganda cartoon from 1948: The Miller Center of Public Affairs (my employer) is holding a conference on the 20th anniversary of the fall of the Berlin Wall, and as such, I spent most of my Monday night at a work-related dinner with prominent IR scholars and Cold…

How do those Northern Europeans do it?

Responding to Ross Douthat’s latest column, Jamelle raises an interesting question: And finally, I wonder how Douthat explains away Northern Europe’s high economic growth rates and robust welfare states? I’m no economist, but I think this has something to do with the fact that government in Northern Europe, while large, is effectively limited and rather…

the unintended consequences of economic populism

“POPULIST, n. A fossil patriot of the early agricultural period, found in the old red soapstone underlying Kansas; characterized by an uncommon spread of ear, which some naturalists contend gave him the power of flight, though Professors Morse and Whitney, pursuing independent lines of thought, have ingeniously pointed out that had he possessed it he…

On Safety Nets

“By treating any and all social safety nets as irreversible steps on the Road to Serfdom, we allow liberals and progressives to shape those policies in ways that are inefficient, ineffective, and overbroad – even though Adam Smith, Hayek himself, and Friedman each advocated for a form of social safety net, demonstrating that social safety…

Top 25 Econoblogs

The Wall Street Journal lists them so you don’t have to (with oddly tiny pictures and even more oddly cramped descriptions.  It’s almost as though whoever designed the slideshow was working on a very small screen, or actually loathes economics blogs and is doing their damndest to make it hard for us to get through…

Understanding Markets

E.D. thinks that market economics don’t apply to education.  Chris disagrees, but thinks that market economics ultimately are about controlling people and inevitably creates – specifically in the realm of education – a form of corporatism.  Chris also explains that this is why he is not a libertarian.  I.  FREE MARKET ECONOMICS ARE NOT ABOUT…

Working with what we’ve got….

I’m sure I’ve run this course long enough.  I’ve been in constant contemplation of the merits of the individual vs. the community.  I’ve written endlessly about the subject and read a good deal on Catholic social teaching, distributism, mutualism, anarchy, dignity of labor, new urbanism, choice, free trade, etc. etc. etc.  This will be my…

Two Individualisms

The discussion surrounding community, individualism, materialism, and the current economic and political crisis is anything but a discussion of perfect definitions or easy answers, and much of it is lodged only in vague theoretical hypothesis, or couched in moral arguments rather than arguments of cold, hard reason or data.  Essentially, where I argue against the…

Geithner’s Terrible, Horrible, No Good, Very Bad Bank Plan

This is my third financial/economic/treasury round-up.  I am not an expert in these matters so what I’ve been trying to do is bring some expert voices to the League in order to better flesh out these thoughts.  If anybody wants to add more relevant links to the comments, I’d appreciate it, because this crazy treasury…

quote of the day

“Talk about misplaced anger. Wall Street built a wooden house, stuffed it with flammable material, set it on fire, and then poured gasoline on the blaze. And now it’s blaming the inferno on the arson inspector, who wasn’t appointed until after the fire had reached three-alarm status?” ~Daniel Grossman

quote of the day

I’ve found that those who defend Bernanke as having inherited Greenspan’s mess are most likely to have first heard Bernanke’s name on the day Bush nominated him. But he’s played an important role in shaping monetary policy, the regulatory environment, and the financial system itself for many years. And as I’ve noted before, he voted…

the moderating influence of the technocratic Republican

Predictions are a mugs game, and mine are worse than most, so take this with a grain of salt. But I see two likely narratives emerging concerning Arnold Schwarzenegger, neither of which I like. Schwarzenegger’s golden political image has been tarnished lately by the utter fiscal insolvency of California. Part of this can be explained…

Growth and Prosperity

The loss of our self-understanding as parts of a whole meant that individuals who achieved material success were able to consider their achievement as fully their own. By contrast, those who happened to be counted among the “lazy and contentious” (Locke’s term) were understood to have failed on through their own fault alone. A society…

Neo-Traditionalism, Community, and the Post-Postmodern Gentleman

Scott coins an interesting term: post-postmodern.  The essence of the post-postmodern man, it seems, is a sort of meshing of Reason and Tradition that eschews both the ignorance and outdatedness of many old practices and traditions, as well as the arrogance and certitude of the modern man of reason. While it has generally been conservatives…