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Some sources may require subscription.
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from Conciliar Post
Over the past few years, Timon and myself (Ben Winter) have engaged in fruitful discussion—via the “comments” section on Conciliar Post—about church history and the authority of tradition. Recently, Timon stated that many of the questions we worked through “are very common . . .from both Catholic friends and fellow protestants.” In light of that, we have decided to reprise our debate. Our goal is to further expand ecumenical dialogue, while learning something new in the process. We hope this conversation will be edifying to all.
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization
Easy Money Is a Recipe for Fake Booms and Real Busts
You generally don’t get a recession by hiking taxes, adding red tape, or increasing the burden of government spending. Those policies are misguided, to be sure, but they mostly erode the economy’s long-run potential growth. If you want to assign blame for economic downturns, the first place to look is monetary policy. When central banks use monetary policy to keep interest rates low (“Keynesian monetary policy,” also known as “easy money” or “quantitative easing”), it can cause economy-wide distortions, particularly because capital gets misallocated. And this often leads to a recession when this “malinvestment” gets liquidated. The bottom line is that easy money—sooner or later—backfires.
Real-World Examples of How the Minimum Wage Harms Workers
Politicians can interfere with the laws of supply and demand (and they do, with distressing regularity), but they can’t repeal them. The minimum wage issue is a tragic example. If lawmakers pass a law mandating wages of $10 per hour, that is going to have a very bad effect on low-skilled workers who can only generate, say, $8 of revenue per hour.
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from The Spokesman-Review
Newspaper in Spokane, Washington
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