The U.S. Federal Reserve has announced its latest attempt to save the U.S. economy. This time, it is an open-ended commitment of $85 billion (including purchasing $40 billion of mortgage-backed securities) each month—until the economy shows improvement. If it doesn’t show improvement, it might even increase the amount. Along with that, it is keeping the … More House of Cards
Whenever the topic of the local economy is brought up, economic pundits quickly remind us that we live in a “global economy,” but what exactly does that mean? Does it mean that economic activity now takes place across the globe whereas it previously did not? Does it mean that economic activity occurs much more rapidly … More What is the Global Economy?
This article was originally published on The Distributist Review on 4 February, 2012 All the Devils Are Here, by Bethany McLean and Joe Nocera, is a fascinating look at the principle players who brought about the financial crisis of 2008. It reveals the motives and mistakes made over the course of a decade by those … More A Review of All the Devils Are Here
This article was originally published on The Distributist Review Please note: some of the video clips linked in this article contain profanity.The stock market continues to fluctuate wildly on Wall Street. “Occupy” protests continue even in the face of increasingly stronger official resistance and a continued lack of any actual direction for the movement as … More The Missing Element
This article was originally published by The Distributist Review on 31 July, 2011 This article has been updated since its original publication. Usury and concepts of legitimate interest are points of contention between distributists and modern economists. A lack of understanding on the difference between them, and how to determine if a particular transaction is … More The Errors of the Economists: Usury
This article was originally published by The Distributist Review on 17 November, 2010 Some of us begin to catch glimpses of saner principles, reflected in the Catholic social teaching and in Distributism (and elsewhere), but we have no idea how to approach these ideals in our day-to-day lives. The ideal appears to be something quite … More Where Does One Begin?
Practical Distributism 