Entitlements are coming home to roost Government entitlement programs are coming home to roost. In June, scholars at George Mason University wrote, Pension plans operated by state governments on behalf of their employees are underfunded by an estimated $452 billion … Continue reading →
The Wikileaks site has created turmoil because it represents a contest between two major principles of governance: security and transparency. Modern political theory since Hobbes argues that security is the main reason for a government to exist. It creates a … Continue reading →
Last week General Motors went public. General Motors has been resurrected by a taxpayer bailout. When the company sought bankrupty protection, the US government bought the company through an infusion of $49.5 billion in cash. The company was restructured, closing … Continue reading →
If you listen to some of the Republican leaders gloating after the recent mid-term election, you get the feeling that they feel they have a mandate to return to previous Republican policies. But this was not the case. There are … Continue reading →
Classification is Human The firing of Juan Williams over words that reflected cultural profiling raises an interesting study in human perception and stereotyping. For Juan Williams, while fired for admitting he was alarmed when he saw people dressed in Muslim … Continue reading →
Toward a Truly Free Market: A Distributist Perspective on the Role of Government, Taxes, Health Care, Deficits, and More by John C. Medaille (ISI Books, Wilmington, Delaware, 2010) is a genuine contribution to the discussion of how to fix the … Continue reading →
I take neoclassical economics to be more the branch of modern economics that renews emphasis on the foundational thoughts of Adam Smith and David Ricardo, than on the synthesis that gives government a role in the economy such as the … Continue reading →
Stages of Knowledge and the Need for an Integral Republic Knowledge develops through stages, whether it be in individuals or civilizations. These stages relate to the level of perception and experience that evolves through growth and experience. In developmental psychology … Continue reading →
Who Regulates the Regulators? The people who brought us the 2008 bailout for the real estate bubble, have now brought us the government intervention necessary to create a “consumer bubble.” The Dodd-Frank Act, signed into law on July 22, has … Continue reading →
The problem with current U.S. economic models is that they focus on consumption. This model is reflected not only in many recent economic “stimulus” plans like auto and appliance rebates, subsidized home mortgages, and government jobs programs, but it is … Continue reading →
