Economics

"The Big Short": Funny, But Misleading

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Big government encouraged the bad practices behind the financial crisis, it turned the crisis into a long-term economic disaster, and it etched the same bad policies in the stone of regulation. While “The Big Short” is a fun movie, its minimizing of government’s role in the financial crisis isn’t just laughable—it’s egregious.

Regulation Not the Answer for the Unbanked

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Tools like prepaid debit cards present one of the best options for bridging the gap between financial exclusion and full participation in our 21st century economy. These tools—and all the innovations which have the potential to make them even better—should be fostered through entrepreneurship, thoughtful policy, and education for those caught in a deep cycle[...]

Lost in Translation: Pope Francis' Message on the Economy

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Pope Francis’ address to Congress this Thursday will be the first ever by a pope, and many Americans are anxious over what he might say about the global economy. Some expect he will give a rousing indictment of free-market capitalism as the culprit in global poverty, environmental degradation, and human suffering.

Authoritarian Capitalism: Here to Stay?

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As Friedman writes, “there is an intimate connection between economics and politics…. [O]nly certain combinations of political and economic arrangements are possible….” My hypothesis is that freedom begets freedom, and bondage begets bondage. As socialism leads to authoritarianism, capitalism leads to democracy.