When Cardinal Robert Prevost was named Pope, he took the name of Pope Leo XIV. Leo XIII authored Rerum Novarum, which is the basis for Catholic social teaching and is friendlier to private property and free markets than anything the Vatican has produced since then.
When Cardinal Robert Prevost was named Pope, he took the name of Pope Leo XIV. Leo XIII authored Rerum Novarum, which is the basis for Catholic social teaching and is friendlier to private property and free markets than anything the Vatican has produced since then.
Our media, higher education, and, of course, governments tell us that our social and economic problems are due to capitalism. Yet, what we see are governments bringing us inflation, chaos, and the horror of war. It's time we abandon the fiction that governments "serve the people."
Our media, higher education, and, of course, governments tell us that our social and economic problems are due to capitalism. Yet, what we see are governments bringing us inflation, chaos, and the horror of war. It's time we abandon the fiction that governments "serve the people."
America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through greater decentralization, lower taxation, and more expansive freedoms.
Would medical care be available to people who might have a difficult time paying for it? In a private property order, charitable institutions would play an important role in ensuring more people have access to medical treatment.
America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through greater decentralization, lower taxation, and more expansive freedoms.
Monetarists and rational expectations economists believe that if monetary policy is transparent, then increases in the money supply will not have negative effects. The actual results say otherwise, as introducing new money into the economy leads to economic instability.
Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse.
Why is the Trump administration levying tariffs? Are they for tax purposes? Protecting domestic industries? Bargaining chips for international deal making? The administration and its supporters have floated mutually-exclusive reasons for these policies, making the confusion worse.
