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Free markets did not cause this crisis
There are at least three distinct but related reasons for the crisis: the culture of greed and consumerism, irresponsible monetary policy, and misregulated financial derivatives. Are they rooted in free-market principles?High school HIV scare points to moral crisis
“Raging hormones” do not trump reason and virtue. Biology is no excuse for low expectationsCatholics and the election
The Religious Left suffers from a self-inflicted blindness as to the full range of opinion that is possible within the framework of religious ethics.Fireproof: The return of timeless truths on the big screen
Fireproof’s rousing box office success and the harsh response to the film by some critics speaks volumes about the society we currently live in and its blurring of the meaning and purpose of marriage.No man is an economic island
Our interdependence on others is a reality, and its potential is for bad as well as good.The enduring foolishness of racial politics
In light of the gargantuan issues facing the nation — the conflicts in the Middle East, the nationalization of American banking; transitions in our use of energy; new international partnerships among socialist regimes in Europe, Latin America, and Asia; and the multi-layered issues in Africa — we should be embarrassed as a nation for the world to see people downgrade the presidential election to gene preferences.Beyond distributism
When the Berlin Wall fell and the Soviet empire began to collapse, decent people everywhere rejoiced. Central economic planning was widely discredited around the world. Yet the triumph of capitalism did not go undisputed. Although the market's critics acknowledged the mortal blow socialism had suffered following the collapse of the economies of Eastern Europe, they denied that the free market was the only remaining alternative. The market, they insisted, had problems of its own.No morality, no markets
"Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice." Adam Smith had it basically right when he described the essential pre-conditions for widespread economic prosperity. But if the current financial upheaval teaches us anything, it should be how much market capitalism depends upon most people developing and adhering to some rather uncontroversial moral virtues.The economic crisis and the cause of freedom
This has been a difficult time for those of us who extol the merits of a free market system. The collapse in the real estate market triggered this crisis, but it was the behavior of market participants that laid the groundworkConservatism, then and now
In Upstream: The Ascendance of American Conservatism, Alfred S. Regnery traces the evolution of the conservative movement, from the Founding Fathers to the think tank funders.The credo of credit
It's over a year since the credit crunch began wrecking havoc throughout the global economy. Never before, it seems, have we been so aware of how dependent our economies are upon the willingness to lend and borrow. But that process is based on trust.Developing nations offer hope for U.S. retailers
Even as economic news continues to be stormy, a silver lining is discernible in the continued advance of globalization. As a new report on department stores indicates, the progress of developing economies promises to benefit the rest of the world as well--an outcome that comes as no surprise to those who understand international trade to be a win-win proposition.