Korea’s Demographic Tipping Point

Paul Ryan and the Children of Keynes | Piero Tozzi

    Piero Tozzi at The Bell Towers: Conventional thinking gives Ryan and his party the advantage when it comes to “subsidiarity” – the principle that political and economic decisions are best made at the level closest to those affected by them rather than by a top-down centralized bureaucracy – while crediting the Democrats for their commitment to “solidarity” – acting on behalf of the most poor and marginalized out of an assumed authentic altruism.
    Such conventional thinking is only half right, however, for Ryan – at least when not in junior Randian mode – has the better argument not only with respect to subsidiarity, but solidarity as well. For solidarity cannot be thought of solely in horizontal terms, arms outstretched to the poor who dwell among us – though it certainly does (and should) include that.  It is also vertical, extending into the future and touching the welfare of our children and grandchildren and generations yet to be conceived.

     


  • Posted: 09/19/2012
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  • Category: ADF in the News
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  • Source: thebelltowers.com

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Growing up with married parents is as important as a good education to escaping poverty

Family Health Premiums Rise 4 Percent to Average $15,745 in 2012

How Are Baby Boomers Spending Their Money?

Apple Urged by China Dissident to Act Against One-Child Rule

Marriage: The Greatest Weapon Against Childhood Poverty

Child’s probability of living in poverty drops by 82% if mom and dad married

US debt tops $16 trillion: So who do we owe most of that money to?

World Bank issues hunger warning after droughts in US and Europe – sharp price increases

Law School Tuition increases vastly exceed inflation again – biggest factor gov’t loans

    The National Law Journal: Average tuition and fees at private law schools will increase approximately 4 percent over last year to $40,585, according to an examination of published rates by The National Law Journal . . . The single biggest factor in the ability of law schools to raise their prices is the availability of government loans, Organ said. As long as students can easily borrow the full cost of their tuition, schools will face less pressure to contain their costs. This year’s tuition increases “tell you the extent to which federal loan money makes students less price sensitive and gives pricing power to law schools,” he said. “I think the current system is pretty fragile. It’s completely dependent on the federal government making loans available.”


  • Posted: 08/29/2012
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  • Category: Bench & Bar
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  • Source: www.law.com

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Republicans eye return to gold standard

Middle Class Sinking: -5% median income, -28% wealth

Increasing Fuel Price Volatility Tied to EPA Mandated Market Balkinization

Paul Ryan’s Catholicism and the Poor: Acts coerced by government, no matter how beneficial or well-intentioned, cannot be moral.

Legalize Competing Currencies | Ron Paul

The United States of Dependency?

5 Questions with Fr. Robert Sirico: The Moral Case for a Free Economy

    Washington Times: . . . You have warned that civilizations fail and the reason they fail is plain. “When civilizational virtues are eroded from within, people lose the capacity to defend the good things those habits enabled previous generations to achieve,” you explain, and cite ancient Greece, the Roman Empire and 1930s Germany as examples. Millions are afraid the United States is heading down the same doomed path. Is that indeed a danger, and what do Americans need to do to pull a U-turn back in the right direction? Sirico: While I do not wish to overstate the crisis we as a nation and a culture are facing, it is, I believe, quite apparent things are seriously off-kilter. Nor is this an observation from one side of the political spectrum — it is a general sense people have.


  • Posted: 08/08/2012
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  • Category: Featured
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  • Source: www.washingtontimes.com

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Over 100 Million Now Receiving Federal Welfare

Why Do Federal Judges Retire? More Income Is Top Answer

Social Security Not Deal It Once Was For Workers

Why States Have a Huge Fiscal Incentive to Opt Out of Heath Reform’s Medicaid Expansion

Penna Dexter: The consequences of out-of-wedlock births

Benjamin Bull: Disinformation campaign surrounds Washington State’s push to redefine marriage

Firms Pass Up Tax Breaks, Citing Hassles, Complexity

“Public Pensions are Another Form of Theft”

    John Ransom at Townhall: There is a dirty secret about state entitlements that liberals don’t want you to know. The collection of a state pension increases the chances that a pensioner will live in poverty. That’s because money put aside for state-guaranteed benefits can not be safely invested at rates that provide for more than a modest retirement unless the state subsidizes retirement benefits through taxes or if retirement savings are invested in riskier, higher yielding investments. Since governments are loath to raise taxes to subsidize a riskless retirement, benefits are eventually reduced. It works that way in London and Moscow as well as Madison and Sacramento.


  • Posted: 07/23/2012
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  • Category: Miscellaneous
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  • Source: finance.townhall.com

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Study: Poor take marriage as seriously as the rich

Two Classes in America Divided by “I Do”

501(c) nonsense

Report: 83 percent of doctors have considered quitting over Obamacare

Robert P. George and Shaykh Hamza Yusuf: “Pornography, Respect, and Responsibility: A Letter to the Hotel Industry”

The economic toll of Islamic law

    Boston Globe: In a growing body of work, Kuran argues that the blame for the Islamic world’s economic stagnation and democracy deficit lies with a distinct set of institutions that Islamic law created over centuries. The way traditional Islamic law handled finance, inheritance, and incorporation, he argues, held back both economic and political development. These practices aren’t inherent in the religion—they emerged long after the establishment of Islam, and have partly receded from use in the modern era. But they left a profound legacy in many societies where Islam held sway.


  • Posted: 07/02/2012
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  • Category: Global: Bench and Bar
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  • Source: articles.boston.com

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Ireland: Number of stay-at-home mothers continues to plummet, Census shows

If it is a Tax, How Much is it Gonna Cost Us? Obamacare hammers the poor

    Economic Populist: If we take the 2012 Federal Poverty level for an individual, and apply the 2014 health care individual insurance mandate, a person would have a gross income of $33,684 with $3200 per year being paid to just health insurance. That’s $267 per month. Think about that, with rent, food, gas, car payment. Take a typical rent payment for a 1 bedroom, $800/month. That’s $9600 in rent alone for a year. $34k is not a lot of money and now one has an additional very large mandatory expense, since health care costs were not addressed by PPACA, de facto. Also notice this is a major regressive tax on single people. The average family size is 2.59 in 2010. The median income for an individual in 2010 was $26,197 and over half of America is officially low income or poor.


  • Posted: 06/29/2012
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  • Category: Marriage & Family
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  • Source: www.economicpopulist.org

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Trend No. 4: Sales Tax Increases

    NCPA Policy Digest: First adopted in the 1930s during the Great Depression as property tax collections plummeted, the base of sales taxes have eroded over time. Except in a few states, sales taxes generally apply to goods and not services, and often exclude even a significant number of goods (groceries, clothing, medicine, gasoline, sales tax holidays, etc.), says Joseph Henchman, an attorney and policy analyst at the Tax Foundation.


  • Posted: 06/26/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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Middle class trading ‘I do’ for ‘maybe later’

    Minneapolis Star Tribune: The playground taunt about “sittin’ in a tree, k-i-s-s-i-n-g” spells out the conventions of adulthood: “First comes love, then comes marriage, then comes a baby in a baby carriage.” That may be changing. Fewer middle-class women follow what one study calls the “success sequence” of education, work, marriage and childbearing. They may get married, but only later, and not have children. Increasingly, they are having children, but postponing the wedding.


  • Posted: 06/22/2012
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  • Category: Featured
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  • Source: m.startribune.com

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Washington’s Regulatory Costs Exceed $1 Trillion Annually

One Way Government Makes Families Poorer – CAFE standards and rising car prices

$757 Billion shortfall in state pension plans

Middle-income family spends $235,000 to raise baby

Families’ Wealth Dives 39 Percent in 3 Years

Thomas Sowell: Socialist or Facist? Obama seeks government control not ownership

Unions Out to Divide and Conquer Workplaces | Heritage Foundation

Family Net Worth Drops to Level of Early ’90s, Fed Says

    NY Times: The median family, richer than half of the nation’s families and poorer than the other half, had a net worth of $77,300 in 2010, down from $126,400 in 2007, the Fed said. The crash of housing prices explained three-quarters of the loss. This vast loss of wealth was compounded by a loss of income, as the earnings of the median family fell by 7.7 percent over the same period.


  • Posted: 06/11/2012
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  • Category: Featured
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  • Source: www.nytimes.com

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Law Prof: Economics of Legal Education Are Broken Because of Exacting Standards, Loan System

Crony Capitalism and the Crisis of the West: Political Connections Outweigh Talent and Innovation

    Luigi Zingales at the Wall Street Journal (via Google): In Italy and Greece, the most talented don’t get ahead. That’s also increasingly true in the United States . . . Traditionally, the U.S. has enjoyed a relatively honest democracy and transparent form of capitalism, which encouraged robust economic growth and contained the hunger for entitlements. This is less and less true. The U.S. tax code is filled with loopholes and special exemptions. Political connections increasingly count more than innovative ideas; young entrepreneurs often learn to lobby before they learn how to run a business.


  • Posted: 06/07/2012
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  • Category: Miscellaneous

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Europe’s Green Energy Suicide

The Single Mom Catastrophe: The demise of two-parent families, an economic catastrophe

    Kay S. Hymowitz at LA Times: The single-mother revolution has been an economic catastrophe for women. Poverty remains relatively rare among married couples with children; the U.S. census puts only 8.8% of them in that category, up from 6.7% since the start of the Great Recession. But more than 40% of single-mother families are poor, up from 37% before the downturn. In the bottom quintile of earnings, most households are single people, many of them elderly. But of the two-fifths of bottom-quintile households that are families, 83% are headed by single mothers. The Brookings Institution’s Isabel Sawhill calculates that virtually all the increase in child poverty in the United States since the 1970s would vanish if parents still married at 1970 rates.


  • Posted: 06/04/2012
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  • Category: Featured
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  • Source: www.latimes.com

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Benefits or Babies: Will Social Benefits “Crowd Out” Children?

    John D. Mueller at EPPC: There are four main reasons, then, for “demographic winter,” in order of importance: First, low rates of religious practice, which are associated with low birth rates and high incidence of abortion; second, social benefits so high as to displace gifts within the family, particularly the gift of life; third, legacies of totalitarianism; and finally, finally, heavy reliance on fiscal policies which penalize investment in people-: so-called “human capital.”


  • Posted: 05/31/2012
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  • Category: Featured
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  • Source: www.eppc.org

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Big Abortion’s Evolving Profit Structure and the U.S. Health Care Reform Package

    Arland K. Nichols at Crisis Magazine: Over the years, then, the approach has changed, but the result is the same. Instead of relying so much on the profit from abortion, Big Abortion now has increased the interventions for each customer and increased or secured the profit from each of these interventions. Instead of $10 a month for the pill until a customer errs and comes in for a $500 abortion, Big Abortion can gain $40 or $50 dollars every month for her regular method plus $20, $30, or $40 dollars every time she thinks she might have erred. If she remains with child after the first week in spite of this hormonal assault, she can fall back on the more traditional chemical abortion, or even surgical abortion as long as she can find one of the dwindling number of providers.


  • Posted: 05/30/2012
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  • Category: Sanctity of Life
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  • Source: www.crisismagazine.com

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Rev. Sirico: There is no ‘social justice’ without economic freedom

    Rev. Robert A. Sirico at Fox News: There was a common noble yearning underlying their eclectic set of grievances, however: a demand for “social justice.” While this hallowed demand allowed them to claim the moral high ground, the demonstrator are really motivated by something far more base: crass materialism and covetous greed. The common good is incompatible with the violation of the right to economic initiative. Here is what I mean . . .


  • Posted: 05/29/2012
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  • Category: Miscellaneous
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  • Source: www.foxnews.com

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Winston and Crandall: The Law Firm Business Model Is Dying

Pictures of America’s Medicare Mess | Heritage Foundation

    Heritage Foundation: The number of workers per Medicare beneficiary is falling dramatically. Back in 1965, there were 4.6 workers contributing to Medicare for every person receiving benefits. Today, there are only 3.3 workers, and in 2030, that number will fall to 2.3. That falling ratio is leading to the program’s insolvency. And with longer life expectancy (which of course is a good thing), seniors today are collecting benefits for almost three times as long as when the program first started.


  • Posted: 05/29/2012
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  • Category: Miscellaneous
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  • Source: blog.heritage.org

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America’s 21st-Century Population Edge: Babies, Demographics, Power, & Influence

Public-sector millionaires

Chinese to buy US movie theater chain AMC

America’s Suffocation: The Cost of Ever-Increasing Federal Regulations

Sen. Hatch: Tax code at fault for Facebook founder renouncing citizenship

Rev. Robert Sirico: “Defending the Free Market: The Moral Case for a Free Economy”

    Christian Newswire: “The choice between the free market and the nanny state is actually a false choice,” says the Rev. Robert Sirico. Contrary to the conventional debate between those who defend opportunity and the free market versus those who defend the underprivileged and spreading the wealth around Father Sirico argues in “Defending the Free Market: The Moral Case for a Free Economy” (Regnery 2012) that America doesn’t have to choose one over the other and by choosing opportunity and the free market, the underprivileged will actually experience greater benefits than any state welfare or private charity could provide.


  • Posted: 05/16/2012
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  • Category: Marriage & Family
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  • Source: www.christiannewswire.com

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Free Market Environmentalism for Religious Leaders

    Acton Institute Power Blog (video included): Our friends at the Foundation for Research on Economics & the Environment (FREE) in Bozeman, Mont., have put together another strong slate of summer programs for clergy, seminary professors and other religious leaders with the aim of deepening their understanding of environmental policy. In its description of the program, FREE notes that many in faith communities “see an inherent conflict between a market economy and environmental stewardship.”


  • Posted: 05/16/2012
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  • Category: Miscellaneous
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  • Source: blog.acton.org

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“The economic case for same-sex marriage”

Obama Health Plan Will Squeeze the Middle Class

    NCPA Policy Digest: Many people currently get their health coverage from work, and they benefit from an implicit subsidy built into that workplace coverage that lets them spend pretax dollars through their employer to purchase health insurance. Depending on their tax rate, that subsidy helps offset some of the premium costs, says Scott Gottlieb, a resident scholar at the American Enterprise Institute. Under the Obama plan, however, many of these families could instead find themselves buying their health insurance on the new state-based exchanges that get started in January 2014.


  • Posted: 05/15/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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Pat Buchanan: As the Boomers Head for the Barn

Brady and Demint: Saying No to State Bailouts

The Union Pension Bomb

    Wall Street Journal (via Google): Imagine the panic if investors discovered that many of the nation’s biggest public companies had hidden liabilities so large as to make them worth a fraction of their value. That’s something akin to the shock created by the recent Credit Suisse report on multi-employer pension plans.


  • Posted: 05/15/2012
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  • Category: Miscellaneous

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US trade gap widens at fastest pace in 10 months

Infographic: Money and Marriage

    CreditDonkey: Married people are happier by many measures, yet many marriages are unhappy or fail because couples bring to the partnership significant debt, including student loans and credit card balances, as well as self-deceptions and outright lies about money. Our new research infographic urges couples to take a clear-eyed look at their prospects for happiness if they are not honest with themselves and their partners about money.


  • Posted: 05/09/2012
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  • Category: Marriage & Family
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  • Source: www.creditdonkey.com

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Analysis: Public pension fixes face stout legal challenges

“Failing Law Schools”: Serving professors or students?

    Orin Kerr at the Volokh Conspiracy: Last week I had the pleasure of reading a pre-publication draft of Brian Tamanaha’s new book, Failing Law Schools, which has not yet been released but can be pre-ordered now. I found the book engrossing and its argument powerful. I read it in 2 days after receiving a copy, and I think it should be required reading for all legal academics. Brian’s basic argument is that law schools have been on an unsustainable path fueled by the ready availability of student loans, the cartel power of the ABA, and the influence of the U.S. News rankings, all of which have led schools to adopt policies that help law professors more than they serve students.


  • Posted: 05/08/2012
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  • Category: Bench & Bar
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  • Source: volokh.com

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Americans Pay More in Taxes than for Food, Clothing and Shelter

Chinese dissident is headache for Communists and dependent Obama Administration

Never Forget Friedrich Hayek’s Warning About Government Tyranny