Category Archives: Economic Liberty

An Entertaining Way to Learn About Contemporary US Capitalism

I have discovered a very good way to learn about a topic is to read about something related – the topic serves as a foundation or is always in the background. For example, a good way to learn about the rise of the Nazis in the inter-war period in Germany is to read about something else that happened in Germany during the same time period. I had this experience with Erik Larson’s In the Garden of Beasts. A consistent day-by-day… Continue Reading ››

Update on the American Health Care Act

I want to provide a brief update on the American Health Care Act bill in the House.  I also want to add a bit more analysis.  Currently the bill has been passed out of two House committees.  Democrats are trying to slow it down but aren’t likely to be successful.  But if it makes it to the Senate, it faces stiff opposition from Democrats and from more conservative Republicans who see the bill as a compromise and not what was… Continue Reading ››

A New Beginning or Obamacare Lite?

The House of Representatives has now publicly rolled out its “Repeal and Replace” bill for the elimination of Obamacare and a new health care law.  President Trump seems to like it, while Democrats, predictably, hate it, though I cannot see how they have had time to read it, and some Republicans, such as Rand Paul, have called it “Obamacare Light” because it still contains too much welfare statism.  The bill, to be marked up soon enough, is to its credit,… Continue Reading ››

Michael Novak: The Spirit of Democratic Capitalism

On February 17, 2017 Michael Novak, champion of capitalism, died at the age of 83. Arguably Novak had a more significant impact than any other scholar of his generation who wrote on political economy from a distinctive Christian perspective. I picked up my copy of his 1982 classic: The Spirit of Democratic Capitalism (still a best seller at Amazon). I skimmed  through the book reading some of the passages I highlighted the first time I read the book in the late 1980s. I would like… Continue Reading ››

An Exile in Trumplandia Makes a Rejoiner to Marc Clauson

My colleague of several decades, two universities and fellow Berean Marc Clauson penned a response to a post I made on February 8. In his response, Mark said that I had written a piece “… addressing more than one issue related to President Trump.  The one that caught my attention was immigration policy.” I had not intended to address more than one issue. The purpose of the post was to convey my sentiment that President Trump gave little evidence of… Continue Reading ››

Immigration: A Partial Response

My colleague Bert Wheeler wrote a recent piece on Bereans addressing more than one issue related to President Trump.  The one that caught my attention was immigration policy.  Bert expressed his concern (rightly) about Trump’s policies on that front.  I assume from his use of the word “concerns” meant that he might or did have disagreements with Trump’s immigration policies.  And he followed that with this sentence: “But the root of the concerns are based in the shift away from… Continue Reading ››

An Exile in Trumplandia and The Road to Serfdom

Illiberal. That one word, expresses my primary fear about President Donald J Trump. Yesterday I posted An Exile in Trumplandia Discovers Twitter which I hope partially illustrates our president’s response to some of the institutional pushback he is seeing. When I use the word “liberal”, I am not using the word to mean government control, as “liberal” has come to mean in typical usage in the political arena in the United States. My usage of the word liberal indicates a belief that the… Continue Reading ››

An Exile in Trumplandia Discovers Twitter

I have been fairly adept avoiding social media so far. Over a decade ago I experimented with Facebook for a very short while, soon deciding that Facebook simply took up too much time. When we joined a house church in the early part of this decade I revived my Facebook account in order to read and respond on the house church’s private Facebook page. We no longer attend the house church and now my Facebook page sits dormant. Because of… Continue Reading ››

The City of Man

I am sitting in the San Antonio airport, waiting for my flight back home, reflecting on an excellent Values and Capitalism retreat here and–the subject of this blog–my walk yesterday.  My goal was to walk to a bookstore about two miles from my downtown hotel.  I had mapped it out using Googlemaps and set out for what I thought would be about a 20 minute trip one way.  37 minutes later I realized I had gone too far and had… Continue Reading ››

A Real-Life Story of Bureaucratic Dysfunction

If you want to read a classic insider narrative of the degeneration and dysfunction of a large and powerful (and unlimited) federal bureaucracy, read here: http://www.nationalreview.com/article/443227/consumer-financial-protection-bureau-tragic-failures.  The article chronicles the work of one highly placed lawyer in the Consumer Financial Protection Bureau  before it was slapped hard by the Federal courts. I have frequently written about what can and does occur when Constitutional limits are ignored.  This is all too frequent, given the propensity of Congress to simply give up its… Continue Reading ››