When the free market gives you free money, take it

The U.S. Mint has been trying to promote the use of $1 coins, offering free shipping to those who “purchase” large quantities of the more durable, more efficient currency. Some credit card banks promote the use of their cards by offering frequent flyer bonus miles as a reward. The more you purchase with those cards, [Read More...]

Post-Labor Day Job Seekers Open Thread

. Job seekers: Let us know where you are and what you’re looking for. Everybody: Skim through and see if you know something, or know someone, or know someone who knows someone, who might help out one of our job seekers. My latest thing is hitting all the local chamber of commerce sites, making lists [Read More...]

The priority of labor (cont'd.)

It is, admittedly, a bit odd for me as a Baptist to be such a fan of a papal encyclical. But my enthusiasm for Laborem Exercens is in spite of, not because of, its claim to ecclesiastical authority. I admire it because it presents a thoughtful and principled argument based on and distilled from non-sectarian [Read More...]

Happy Labor Day

We must first of all recall a principle that has always been taught by the Church: the principle of the priority of labor over capital. This principle directly concerns the process of production: in this process labor is always a primary efficient cause, while capital, the whole collection of means of production, remains a mere [Read More...]

Brian Moynihan and Empress Eudoxia

Where does Brian Moynihan go to church? And how is it that he still feels comfortable there? Moynihan, the CEO of Bank of America, “plans to cut at least 3,500 jobs in the upcoming months, with the possibility that thousands of additional positions could also be eliminated.” In a memo to the bank’s senior management [Read More...]

Don't lay off 120,000 postal workers in the middle of a jobs crisis

First, do no harm. I appreciate that the U.S. Postal Service is facing a world of reduced revenue due to the Internet. But right now, in the middle of a yearslong jobs emergency, is not the time for talk of layoffs. Until the jobs crisis is resolved — i.e., for the foreseeable future — the [Read More...]

Unlike conservatives, I'm in favor of economic growth

A handful of items worth repeating, and worth following the links to read in full: Nobel laureate Peter Diamond: Infrastructure spending is not a vehicle for dealing with a normal recession. But once you recognize this recovery will be slow, you realize this is a time when we should be doing major spending on infrastructure. [Read More...]

The greatest degeneration

I’m a big fan of these homefront propaganda posters produced by the U.S. government during World War II. There’s a peppy, can-do spirit about them. The posters convey what folks back then might have called “moxie.” And they presumed that the people reading them would share that spirit. The assumption was that Americans were full [Read More...]