Economics

Center on Wealth & Poverty

Israel Test 2

George Gilder lectures on his book, The Israel Test. He notes the intimate relationship America has with Israel and how very important this intimacy is for our economy. He suggests there are a number of ways we need to learn from the nation and start implementing their various beliefs and strategies. Read More ›

Why Is Jim Wallis Denying that He Receives Grants from Deep-Pocketed Leftists like George Soros?

In World magazine on July 17, Marvin Olasky called on “progressive evangelical” Jim Wallis to come clean and admit that he is not a non-partisan, as he likes to claim, but rather a devoted man of the Left. Olasky reported that Wallis’s organization, Sojourners, had received grants from George Soros’s foundation, the Open Society Institute (OSI), and had lent Sojourners’ mailing list to Read More ›

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Hand holding light bulb with creative sign. Concept of Idea, creativity, brainstorming and inspiration. Invention and genius concept. Imagination and innovation of business. Design creativity.
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The Drive to Create

In a castle in Newcastle, complete with reflecting pool, dappled woods nooked with marble sculptures, and pastures lowing with cattle, Matt Ridley, dean of British science writers and author of four erudite, Darwinian bestsellers, might seem an intellectual grandee ready for an honorable, bland retirement in a North Country Eden, perhaps readying himself for the House of Lords. But at Read More ›

Obama’s NASA: Fly Me to the Crescent Moon

This article, published by The Daily Caller, mentions Discovery Institute Senior Fellow George Gilder and his book The Israel Test: They might also read George Gilder’s latest book, The Israel Test. Gilder, who is not Jewish, says Israel is a wonderful test for everyone. The rest of the article can be found here.

In Defense of the Unabashedly Profitable

A business is not a family or a charity or a government. It has a specific social function with a specific purpose, which implies specific duties. One of its responsibilities — its duties — is to make a profit. I know that Milton Friedman argued famously in 1970 that profit-maximizing was the only responsibility of executives, and that’s an overstatement. Still, think about Read More ›

Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem

Jay Richards presents a new approach to capitalism, revealing how it’s fully consistent with Jesus’s teachings and the Christian tradition—and our best bet for renewed economic vigor. Money, Greed, and God exposes eight myths about capitalism—including the notion that capitalism is based on greed—and demonstrates that a good Christian can be a good capitalist.

Unnecessary telecom regulations hurting Illinois

The National Broadband Plan presented to Congress on Tuesday by the Federal Communications Commission aims to connect every U.S. household to the fastest broadband as soon as possible, a goal which the agency’s staff estimates could cost $350 billion. Much of that investment will have to come from private industry, agency officials have conceded. This month, the Discovery Institute conducted Read More ›

Lively Truth-Teller

The 5 Big Lies About American Business: Combating Smears Against the Free-Market Economy—by Michael Medved (Crown Forum, $26.99). Must reading for the White House and every anticapitalist politician, pundit and economist. Employing a mother lode of facts, Medved, with verve and wit, thoroughly demolishes five myths about business: capitalism is dying because of the economic crisis; when the rich get Read More ›

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American Dues
Image Credit: driftwood - Adobe Stock

The Cut That Heals

For the last ten years or so, I have been urging drastic reductions in the U.S. payroll tax, which funds Social Security. If we want to reduce tax rates without falling into the rhetorical trap of “tax cuts for the rich,” then the payroll tax is our best target — and the one that will affect the most employment decisions. Read More ›