All others pay cash: The Shepherd-Balkin Amendment

In other church-state news yesterday, the House of Representatives voted 396-9 to reaffirm that America’s “national motto” is still our national motto. That motto, officially adopted in 1956, is “In God We Trust.” It replaced what had been up until then America’s unofficial motto of “E pluribus unum.” Replacing an affirmation of unity amidst diversity [Read More…]

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Smart people saying smart things

John Quiggin: “Keeping the state out of your bedroom” If you really want personal freedom, you can achieve it only by constraining property rights. Dahlia Lithwick: “Occupy the No-Spin Zone” I spent time this weekend at Occupy Wall Street and my husband spent much of last week adding his voice to the protesters there. I [Read More…]

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Unemployed in ‘The Affluent Society’

I read John Kenneth Galbraith’s The Affluent Society more than 15 years ago in an edition, the fourth, that was then already 10 years old. I don’t know how the argument of that book has held up over time or whether it is still well-regarded within the discipline of economics. But yesterday I found myself [Read More…]

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Idea of a debt Jubilee takes shape, gains a little steam

And you shall proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you. … — Leviticus 25:10-11 E.D. Kain of Forbes (!) likes the idea of Jubilee to end or mitigate oppressive debt, noting that the principle has support not just from the Bible, but also from South Park. [Read More…]

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Herman Cain vs. G.K. Chesterton

Republican presidential candidate Herman Cain is winning cheers on the campaign trail for telling the poor and the unemployed that they have only themselves to blame: “Don’t blame Wall Street, don’t blame the big banks — if you don’t have a job and you are not rich, blame yourself!” G.K. Chesterton offered a different perspective: [Read More…]

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Why are those OWS protesters so upset?

Wall Streeter Joshua Brown (a “Reformed Broker“) offers one answer in a post candidly titled “This Is Why They Hate You and Want You to Die“: You want to know why everyone in this country hates you and wants you dead, you big stupid [frakking] bank? Here’s why, pay attention: Bank of America Corp will [Read More…]

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God is not registered to vote in New Hampshire

Taegan Goddard points us to this Bloomberg story, noting that no less than four of the contenders for the Republican nomination are on record as saying they were called by God to run for president. The Almighty has reportedly called Texas Gov. Rick Perry, former Pennsylvania Sen. Rick Santorum, Minnesota Rep. Michele Bachmann and businessman [Read More…]

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Recent Republican jobs proposals

The Republican Party opposes President Barack Obama’s jobs bill, which Macroeconomic Advisers says will boost America’s GDP and add more than 2 million jobs in the next two years. (See also former McCain campaign economist Mark Zandi — who says the bill would create 1.9 million jobs next year.) But it’s not as though Republicans [Read More…]

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