Economics

The Good News About Our Economy & Families

"Among both conservatives and progressives, there are claims that the world is getting worse and that the American family had a better standard of living, better opportunities for employment, and a simpler life forty years ago. . . . There are several factors that play into this perception. The first is that we suffer from . . . negativity bias. It is easier for us to see the bad things that are happening rather than the progress." - IFWE

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Inflation Fears Are Justified, but There’s No Reason To Panic (Yet)

"Headline numbers aside, it is abundantly clear the CPI is being pushed up by several spending categories where demand took a dive during the pandemic. Prices for hotel stays, airfares, and restaurant meals, for instance, have accounted for a large portion of the recent CPI increase." - Heritage

331 reads

Economics for Church Leaders: Why the Price System Is One of God’s Artworks

"As with most good gifts given by God to humans, we are able to corrupt it and use it in ways that harm our neighbors. Yet for the most part, the price system is an ingenious method of communication that has been used to improve the human condition." - TGC

1105 reads

The fallacy of capitalism’s ‘race to the bottom’

"The Biden administration proposes a global minimum tax on corporations to end the 'global race to the bottom.' Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty." - Acton

410 reads

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