That is the question asked by the left-leaning Christian organization, Sojourners, in its campaign of the same name. It is a most appropriate question given the battle over the budget and given this time of year, not long after the most holy holiday of the year for Christians. Sojourners claims that, despite record budget … Read more
The headline of a report on a recent survey summed up its findings: “Capitalism Against Christianity, Americans Believe.” Is that good news or bad news? What should Catholics think? Does Catholic social teaching imply opposition to capitalism? The answers you get to those questions would no doubt differ dramatically depending on whom you ask. Although … Read more
Barring an international conflagration or another 9/11, both of which may God forbid, the 2012 election is going to be fought on the question of America’s fiscal future: Will the United States get a grip now, and over the next several decades, on the costs associated with an aging society? Or will we spend-and-borrow … Read more
Recently, CNN’s Money.com posted an article bearing the title, “U.S. Millionaires Population Expanded by 8 Percent in 2010.” According to the article, there are now approximately 8.4 million millionaires in the United States, and last year’s increase was due primarily to rising stock prices, following a 27-percent decline in the number of millionaires in … Read more
There is only one John Zmirak. A prolific author, popular literature professor, gadfly critic of culture and politics, and out-and-proud beagle enthusiast, John leaves an impression. And gives a memorable interview. He spoke with Brian Saint-Paul about his latest book, The Bad Catholic’s Guide to the Seven Deadly Sins. ♦ ♦ … Read more
Today, Gaudium et spes must be read in the light of Centesimus annus and other writings of the late-Pope John Paul II. These remain, by far, the most concrete, sophisticated, and accurate descriptions of the contemporary world. They are rooted in a thoroughly contemporary grasp of the philosophy and theology of the human person, community, … Read more
I can only do justice to John Mueller’s magnum opus Redeeming Economics: Rediscovering the Missing Element (and it is “magnum,” with 470 dense pages and copious footnotes) by comparing it to Adam Smith’s Wealth of Nations, Ludwig von Mises’ Human Action, and the wrongheaded but immensely influential General Theory of Employment, Interest and Money by … Read more
After years of going nowhere, economic theory in the Catholic world just got a big upgrade from none other than the head of the Vatican’s bank. Ettore Gotti Tedeschi, a one-time private banker and professor of financial ethics at the Catholic University in Milan, has headed the Institute for Religious Works since 2009. Writing in … Read more
It belabors the obvious to say that Haiti is a mess. I was there for the one-year anniversary of the January 12, 2010, earthquake and can verify the reports of how little has been done to put the shattered capital, Port-au-Prince, back together again. The overall look of the downtown area is something akin to … Read more
In one of the two greatest lines of world poetry, Dante bows gently toward “The Love that moves the sun and all the stars.” Many moralists speak of love as the one fundamental and universal moral principle, the golden rule honored in all traditions. But what do we mean by love? In English we are … Read more
The U.S. Treasury announced on its website that, at year end, the national debt topped $14 trillion for the first time. This was an increase from $13 trillion on June 1, 2010, and $12 trillion at year end 2009. When the recession officially began in December 2007, U.S. debt to Gross Domestic Product was about … Read more
As I make my weekly trek to Tampa International Airport, I merge onto I-275N in St. Petersburg and pass one of the largest homeless shelters in the area. Actually, “shelter” is overstated; it’s really an underpass supported by Catholic Charities, several community and church organizations, and individual volunteers. Because it gets a lot of traffic … Read more
At long last, private-sector jobs are growing again. They rose 159,000 in October, as reported by the Bureau of Labor Statistics. Even more encouraging are the revisions to earlier surveys, indicating that the improvement in new jobs was not a one-time event. Job gains for August and September were revised up to 250,000 from 157,000. … Read more
Religious philosopher Michael Novak, cofounder of Crisis Magazine, was the 1994 recipient of the Templeton Prize for Progress in Religion. According to many observers, Novak’s influence played an important role in the drafting of Centesimus Annus, Pope John Paul II’s 1991 encyclical on Catholic social teaching. In particular, Novak’s work is seen within the Holy … Read more
Last week, an earnest Catholic commentator over at the Catholic Key Blog mourned the fact that House Democrats had spoiled the chances for “immigration reform” by linking the issue to unrelated matters that scared off supporters, tainting the sacred cause of extending amnesty to illegal immigrants by wrapping it up in a rainbow flag, then … Read more
For years I’ve puzzled over the question of why Catholics have such trouble coming to terms with economics. This problem applies only to modern Catholics, for it was Catholics in 15th- and 16th-century Spain who systematized the discipline to begin with. That was long ago. Today, most of what is written about economics in Catholic … Read more
Mike Garside didn’t know what he was getting into. Easing his BMW off the busy main road connecting the boom towns of Reading and Newbury in southeast England, he felt he might be wasting the weekend. He could be spending the time at work or with his family. But here he was, on his way … Read more
Eighteen months later and billions of dollars spent have not resulted in the new jobs that the stimulus program was intended to create. Private-sector employment has actually declined an estimated two million additional persons since the inauguration of the program. The elusive goal of creating private-sector jobs is the subject of much commentary among economists, … Read more
Welcome to the brand new InsideCatholic! Almost exactly three years ago, we launched the initial version of the site. While we’re proud of that effort, it was very much a first step. This is our second. As Deal mentioned in his morning column, we’ve designed this next iteration of IC to take full advantage of … Read more
This is just too good to miss: A Zogby International survey measuring basic economic knowledge across the ideological spectrum found that conservatives and libertarians rated quite well. Progressives and liberals? Not so much. Researcher and economics professor Daniel Klein explains: Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents’ (all American adults) answers to … Read more