Category Archives: Economics

WaEx: Obama sees recovery 1-2 years off

ShareOf course Obama sees the recovery as 18-24 months in the making.  From the WaEx: A letter provided to Washington Secrets from Obama to a long-unemployed Portland, Maine carpenter pulls back the curtain of economic hope to reveal the truth … Continue reading

Posted in Economics | 1 Comment

The New Yorker: To What Ends Incarceration?

ShareGreat article in the New Yorker regarding America’s prisons and the sense of “timeless time” that pervades: That’s why no one who has been inside a prison, if only for a day, can ever forget the feeling. Time stops. A … Continue reading

Posted in Culture, Economics, National Politics, Virginia Politics | Leave a comment

UK Daily Mail: Greece, the Euro, and What Poland Has To Teach

ShareI listened to this the other day on BBC Radio: Children are being abandoned on Greece’s streets by their poverty-stricken families who cannot afford to look after them any more. Youngsters are being dumped by their parents who are struggling … Continue reading

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MSNBC: Strategic Default?

ShareThis is a boldfaced scam: A survey last year by two Chicago-area finance professors, Paola Sapienza at Northwestern University and Luigi Zingales at the University of Chicago, found that roughly three out of 10 mortgage defaults in 2010 were by … Continue reading

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Pope Benedict XVI and Wealth Redistribution?

Share So sayeth the Huffington Post, ergo it must be true… Noting a “rising sense of frustration” at the worldwide economic recession, Pope Benedict XVI said that a more just and peaceful world requires “adequate mechanisms for the redistribution of … Continue reading

Posted in Catholic, Culture, Economics, Self-Sufficiency | 1 Comment

Germany Goes It Alone?

ShareSo instead of acting to save the old Eurozone, Germany appears to be opting for a more compact and stable Eurozone– abandoning the PIIGS to their fate, and the world economy with it. Sounds simple enough.  Let them fail. The … Continue reading

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Too Conservative: In Which I Shoot the Messenger

Share Cato the Elder over at Too Conservative dispels the concerns over the Standard and Poor’s downgrading of America’s capacity to repay debts — and he’s absolutely right: The point of the above is to illustrate that there is no … Continue reading

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So Much For The “Shrinking Middle Class” Argument

ShareFrom your friendly folks at First Things: Using some sophisticated statistical techniques, Burkhauser, Larrimore, and Simon then correct for these factors, and find that, using this more accurate measure of economic resources, the American middle class has done quite well … Continue reading

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Distributist Review: Hard Times in Farm Country

ShareFarmers in Oklahoma are struggling to meet the drought: The news from Oklahoma is that the drought is “officially” extreme, over half the state, and getting worse everywhere else. The fact that we don’t see giant dust clouds in the … Continue reading

Posted in Culture, Economics, Fluvanna, Gardening, Self-Sufficiency | 1 Comment

The Stone: Subjectivity and the Pitfalls of ‘Rational Choice Philosophy’

Share Ever since I picked up Alexander Schuessler’s A Logic of Expressive Choice, I have been a rabid opponent of rational choice theory in favor of this alternative method — which for one reason or another, has yet to seriously … Continue reading

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