Mammon Ascendant

So, there I was, pondering, with an old familiar feeling of perplexity (about which more anon), certain reactions to my reaction to various reactions to the pope’s last encyclical, when it occurred to me that the one thing on which ­Hegelians of every stripe—right or left, theological or . . . . Continue Reading »

Is Liberalism a Heresy?

The only viable vehicle of conservatism in modernity is a market-oriented liberalism that regards freedom within law as the means to the common good. Some religiously engaged conservative intellectuals cannot accept this. What drives their animus against the only workable form of conservatism in . . . . Continue Reading »

Now Is the Time to Invest in the Future

The recent news of GDP growth indicates that the United States has turned a corner, but that does not mean conservatives should deemphasize economic issues. We are at a good place in the business cycle, but even in this good place, problems remain, future problems are visible, and the good times won’t last forever. Continue Reading »

Sacramental Economy

Money is something of a mystery. Classical economics views money as a commodity that is selected as a medium of exchange and standard of value, which enables a society to grow from a barter system to a more complex and efficient economy. As Ole Bjerg points out in Making Money, a recent excursion into the philosophy of money, the classical theory leaves some puzzles in its wake. For starters, it doesn’t fit known historical facts. Anthropologists have yet to find a pure barter economy. Media of exchange always seem to be there already. Continue Reading »

Some Ways to Not Ruin your Economy…

. . . even if, like Germany’s Gerhard Schröder, German Chancellor from 1998-2005, you are of the general social democrat mode, you rely on centralized government action too much, and you are not above stoking rabid denunciation of U.S. efforts to fight terrorism and WMD proliferation for . . . . Continue Reading »