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Monday, June 24, 2019

Puerto Rico: The Crisis We Ignored

America has never suffered through a fiscal crisis. So long as our politicians keep their heads tucked away under their armpits, refusing to realize that it will happen here too, they will go into that crisis totally unprepared. If at least they decided to learn from such crises elsewhere, we would be better prepared when the day comes.

Should Treasury Bond Investors Be Worried?

Debt market investors are getting nervous. They have good reasons to get nervous. But do they really understand just how nervous they should be?

Friday, June 21, 2019

The State of State Economic Freedom

We all know that economic freedom matters. This article examines the relationship between economic freedom and private-sector growth, looking at just how much economic freedom really matters.

Wednesday, June 19, 2019

Faith and Freedom - My New Book!

Good news! My new book

Faith and Freedom: The Moral Case for America

will soon be available!

Of all my books to date, this is by far the most important one. It is my take on what is unique and special about America. It is my personal take on why our country matters, why there is no other place like The United States of America, and why immigrants like me are drawn here. 

As the title says - Faith and Freedom: The Moral Case for America - this book makes the argument that America is better. I look at how Christianity inspired the Founders as they formulated the Constitution. I compare us to other countries and point to how we stand out as an example of faith, freedom and prosperity.

I look at how Christian faith intersects with the values embedded in our Constitution, how our Founding Fathers were clearly inspired by God when they created our constitutional republic. I discuss how God's word about freedom and personal responsibility are mirrored in our founding documents, and how we can, and must, preserve, protect and perpetuate that unique value foundation.

I refer to the blend between Christianity and our Constitution as American Liberty.

But this would not be my book if it did not also talk about policies and ideologies that threaten the very essence of our country. I explain how I see those threats, how radical social-justice policies are incompatible with, antithetical to, the founding values of our country. I examine the fight between social justice and American liberty and how it plays out in the struggle over property rights, economic redistribution and government spending. 

I explain how the fight to preserve Christian values and our Constitution - American Liberty - runs through policy issues, from judicial activism like the Kelo case to Congressional over-reach like single-payer health care and new entitlements like paid family leave. 

But I do not stop there. I also give examples of how we can reform our country to restore American Liberty. I look at how Christian faith and the moral principles embedded in our Constitution can inform policy reforms and inspire a new era of Faith and Freedom.

The book will soon be available for you to order. Stay tuned!

Tuesday, June 18, 2019

Deficits and Full Employment

In an economy that has the highest growth in 20 years and the lowest unemployment in 40, there should not be a government deficit at all. In particular, there should not be a deficit equal to more than one quarter of every dollar government spends. Yet that is the case in America today. Why? The answer is not as simple as we might think. And yet, somehow it is...

Monday, June 17, 2019

A Socialist Takedown of the U.S. Constitution

It is time for America's conservatives and libertarians to realize the real nature of the threat from the left. Using the welfare state, they can destroy what is left of the American constitutional republic. Yes, the welfare state. And it can happen fast, once there is a socialist in the White House.

Time for Congress to Plan for Fiscal Panic

We are heading for a recession, and with this recession things are going to get rough. Really rough. Congress is entirely unprepared - but they don't have to be. They can alleviate the situation, even as divided as they are today.

Friday, June 14, 2019

On Income Stagnation and Inequality, Part 1

The debate over income differences in America is uninformed and shallow. Let's do something about that...

Monday, June 10, 2019

A Remedy for Stagnant Family Incomes

There is no doubt that work-based income in America has been stagnant recently. There is also no doubt that this has hit middle-class families more than those with higher earnings. That said, traditional welfare-state redistribution is exactly the wrong remedy; the good news is that there is a way for Congress to do something for middle-class families without going on another egalitarian spending spree.

Tuesday, June 4, 2019

Hungary Leads European Economy

The European economy is overall in a long-term state of stagnation, bordering industrial poverty. But there are exceptions, with Hungary as the strongest among them. Their economy is running away from the rest of Europe.

Monday, June 3, 2019

Beware of Socialists Bringing Gifts

Proponents of Mad Money Trashing, MMT, can often sound informed, educated and analytical. They can even make it sound like MMT is the magic wand that can finally make socialism work. In reality, their entire "theory" is like that old Trojan horse: looks impressive, but hidden inside is the same ugly old socialism that has been wreaking havoc across the globe for a hundred years. 

Sunday, June 2, 2019

Socialism: The More It Changes...

Socialists are immune to arguments about moral principles and human suffering. They are so deeply convinced that their ideology is better for us all, that they will ignore every piece of reality we throw at them. What does work, though, is to dissect their theory before their very eyes. To school them, plainly, using their own textbook.

Saturday, June 1, 2019

Basic Income Pitch Botched by Bad Research

If you want to make the case for a big, new entitlement and the enormous taxes that would be needed to pay for it, then at least make sure you do your homework. It should not be this easy to pick apart the "analysis" produced by a Syracuse professor in defense of universal basic income.