Americans should be taking our cues about financial stewardship, not from Congressional fiat or presidential directive, but from our own sovereignty as creative, thrifty, and charitable citizens.
Integrity is living in accordance with one’s stated beliefs. In the United States, where more than 90 percent claim to believe in God and a large majority of those profess to be Christians, social and economic life should reflect Gospel principles.
Last month in St. Peter's Basilica, in an Easter vigil mass broadcast throughout the world, Pope Benedict XVI received seven people into the Roman Catholic Church. Among them was journalist Magdi Allam.
Thomas Sowell's latest book, Economic Facts and Fallacies, is his most lucid missile against fictions we easily believe about a wide range of subjects: urban life, gender issues, education, income trends, race, and globalization.
Business leaders need to be pro-free enterprise, pro-free competition, and pro-free trade. Otherwise they risk simply becoming lobbyists, helping to create a world in which political influence counts for more than entrepreneurial ability.
Seemingly long forgotten in the fog of war, rising oil prices, and presidential primary campaigns is President Bush’s onetime pledge to reform Social Security.
Attempts to align Barack Obama with the views of his recently retired pastor, Rev. Jeremiah Wright, are distracting us from Obama’s actual platform. Obama’s membership in Chicago’s Trinity United Church of Christ may not actually tell us much about what Obama believes personally. Charges of guilt-by-association miss the mark and expose general ignorance about Protestant liberalism and mainline black churches. Concerned voters should instead focus on Obama’s economic policies, which are troubling enough.
The global financial system is in a deepening crisis, largely due to greedy gambles with complex financial derivatives. The bailout of Bear Stearns Cos., in which the Fed provided $30 billion loan to J.P. Morgan Chase to acquire the investment bank, is only the latest -- and probably not the last -- rescue mission from the central bank. Overall, the response of the Bernanke-led Federal Reserve to the global financial meltdown has been exceedingly simple: lower interest rates.