Jeff Bell was George Bailey
To those who knew him well, Jeffrey L. Bell was a real-life George Bailey: an accomplished and decent man who shaped important events by helping others achieve their own greatness, mostly without recognition himself.
The Trump Tax Reform Won’t Match the Reagan Ones
Some hard figures help explain why the Reagan administration tax reforms were enacted with the support of so-called “Reagan Democrats” in Congress, while not a single Democrat voted for the 2017 tax reform.
A Brief Demographic Tour of the World
The good news is that the rate of legal abortion has fallen by nearly half from its peak; the bad news is that this still makes the difference between a declining and growing population, both for the United States and for the whole world.
Solving the Triffin Dilemma
There have always been only three alternative solutions to the Triffin Dilemma–the inherent conflict of a reserve-currency country’s economic policy with international monetary order—and only one has ever worked in the real world.
There’s Plenty of Hope for Tax Reform
Elbows are flying, and the situation seems ‘ominous.’ It’s beginning to look a lot like 1986.
Trump’s Real Trade Problem Is Money
Protectionism won’t cure the import-export imbalance. The solution lies in monetary policy.
Monetary Reform or Trade War
The official reserve-currency system causes the domestic price level to rise in the reserve-currency country, relative to other countries, even when exchange rates remain (temporarily) fixed–a competitive disadvantage that tariffs can only worsen, and only proper monetary reform can fix.
A Brief Structural History of Economics
By abolishing what had previously been a PhD requirement—mastering the history of economics—for more than a generation, economists have missed rediscovering and reintegrating the most important original element in economics: the one that explains our interpersonal relations.
What We Are For — An American Cultural Catechism
A brief cultural catechism of America’s first principles — a presentation not just of what we are against but of what we are for.
Neo-Scholastic Economics, Economic Policy and Catholic Social Doctrine
The original Scholastic Economics differed from Adam Smith’s later Classical economic theory and today’s Neo-Classical Economics. An updated version, “Neo-Scholastic Economics,” is reshaping our understanding of secular economic theory and offering new policy solutions, and provides the analytical “toolkit” necessary to explain the much younger body of Catholic social doctrine.