Economics

Do we love our homeless countrymen and women enough to insist that as we provide roofs over their heads, they also diligently engage in programs to restore themselves to lives of dignity and personal self-respect? We often hear about what “we” — i.e., society —owe the homeless. But we rarely discuss what the unhoused owe us. It’s time for that Read More ›

Washington, D.C – Discovery President Steve Buri, Senior Fellow Robert Marbut, and Senior Fellow Wesley J. Smith spoke at a Faith and Law forum on Capitol Hill. Below is a summary from faithandlaw.org. Watch the forum and read more here. For nearly a decade, federal policies meant to address homelessness have centered around “Housing First,” which begins with an assumption that Read More ›

It was probably fifteen years ago that I was at lunch with Banknote Capital’s Jim Fitzgerald. We were finishing up when the conversation shifted to tax rates, at which point Fitzgerald dismissed the notion that lower rates stimulate more work.

To be clear, Fitzgerald was not saying that he opposed lower tax rates. He was and is very much for them. But he was expressing his disdain for the theory that lower rates cause people to work more. In his case, Fitzgerald would work a great deal precisely because there was joy in it.

Still, what he said at the time was jarring. It called into question so much that was accepted wisdom. Gradually it made lots of sense. Tax rates should be low simply because they should be low. After that, it’s perhaps unrealistic to suggest that Jeff Bezos, Mark Zuckerberg and FedEx founder Fred Smith began to build their remarkable businesses only after consulting the tax code. Work for them was and is similarly joy.

The conversation with Fitzgerald, along with my own evolution on matters economic, came to mind while reading George Gilder’s essential new book, Life After Capitalism. Though Gilder penned what many view as the underlying philosophy of supply-side economics with the brilliant Wealth and Poverty in 1981, in his spectacular 2013 book Knowledge and Power Gilder began to question the “incentive” economics that at least on the surface informs supply-side.

Author of national bestseller Life After Google and generation-defining Wealth and Poverty, venture capitalist, futurist, and pioneering thinker extraordinaire George Gilder pinpoints how the clash of creativity with power at the heart of economic systems leads to global cognitive dissonance and argues that the creation of the novel taps capitalism’s infinite promise and is humanity’s only path of escape from stagnation and tyranny. Gilder Read More ›

New policies needed to focus on mental health services, addiction treatment, and job training.

Jonathan Choe joins Newsmax National Report to share his exclusive coverage of the drug crisis in cities like Seattle and the cost of covering such a reality. Learn more at fix homelessness.org.