Faith & Economics

The Surprising Blessings of Blue State Bankruptcy

In the months following the 2008 subprime mortgage crisis, many believed that blue states most burdened by the combination of underfunded public pensions and large deficits would have to declare bankruptcy. Oppenheimer Managing Director Meredith Whitney, Kynikos Associates founder James Chanos, and other investment experts voiced this prediction. The fact that states did not actually …

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Proof That School Choice Could Save Taxpayers Billions

     A just-released school reform study in New York promises timely fiscal as well as educational benefits, and not just for the Empire State. Some quick background helps us appreciate the study’s important implications for the entire nation.      In 2011, Arizona became the first state to adopt what is called an education savings account, …

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Progressivism as Camouflage

It is hardly news that America’s political divide has widened considerably in recent years. Whereas past policy debates typically occurred between people with roughly similar views of history and social philosophy, many colleges, non-profits, and other institutions have adopted a so-called “progressive” viewpoint which holds that the U.S. is fundamentally racist, dominated by an intrinsically …

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Anti-Socialist Primer from Russia’s Bravest Thinkers

     The novelist Alexander Solzhenitsyn, physicist Andrei Sakharov, mathematician Igor Shafarevich, historian Vadim Borisov, and art publisher Evgeny Barabanov – these and other Russian thinkers once admired for their daring criticism of the old Soviet Union are now mostly forgotten.  But were they writing in our own time, what would they make of American conservativism’s …

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More on How the Debt Crisis Will Spark a Great Awakening

     A recent study by Connecticut hedge fund manager Ray Dalio for his book Principles for Navigating Big Debt Crises suggests an unexpected spiritual impact of the coming debt crisis.  After closely examining every recovery from the brink of a sovereign bankruptcy since ancient Greece, Dalio concluded that all successful government bailouts have one necessary …

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Will the Economic Crisis Spark a Great Awakening?

     It has been said that the total of U.S. federal, state, and local debt, in combination with future spending commitments, foreshadows the most predictable financial disaster in human history.  Washington’s obligations, growing at an estimated $1 trillion annually, now exceed $23 trillion, while neither of America’s two largest entitlement programs, Social Security and Medicare, …

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