Socially Unjust Inflation: Why Recessions Are Inevitable and Salutary
Inflation is profoundly socially unjust. Its causes lie above all in an expansionary monetary policy, and this must be stopped. If policymakers want to prevent the inevitable recession that will follow, they will only make the problems worse.
The Earned Income Tax Credit (EITC)—The Best Social Program in the World
Economists and researchers in the U.S. agree: the Earned Income Tax Credit helps millions of households stand on their own two feet. Work is rewarded, and with the help of this program, one million children have escaped child poverty.
The Universal Destination of Goods and Private Property: Is the right to private property only a “second-tier” natural right?
Did the rich get rich by robbing the poor? Theology and Catholic social teaching have long known that wealth generation is not a zero-sum game, but a process from which everyone benefits.
European Infrastructure and Tech Policy: Failures, Breakdowns, and Empty Promises
Compared to the USA, Europe is lagging behind in terms of information and communications infrastructure. A reexamination reveals: For too long, billions of taxpayers’ money have been invested in technologies of the past.
The Primacy of Politics and the “Other” Socialism
The “primacy of politics” over the logic of the economy is repeatedly and categorically demanded. Insofar as such efforts undermine the private property-based power of disposition over the means of production, it is the first step in the direction of the “other socialism.”
Thinking Economically: Only the Market and the Logic of Exchange Create Prosperity
Economics is not a zero-sum game. In exchange, both sides always benefit. Exchange is the soul of the market and creates added value, and does so in a way that benefits everyone involved. A plea for economic enlightenment.