Home
/
RELIGION & LIBERTY ONLINE
/
USCCB’s Misunderstanding of Economics
USCCB’s Misunderstanding of Economics
Nov 19, 2024 1:27 AM

Today, the United States Conference of Catholic Bishops (USCCB) called for supporting just wage public policies. While the religious leaders genuinely concern for the poor, they display a deep lack of understanding of basic economic principles, namely the law of supply and demand. Supply and demand directly determines the price (wages) of labor. A price higher than the market price leads not to higher wages, but higher unemployment. Read this article for a more detailed discussion of the ill-effects of minimum wage laws.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Still ‘Busted,’ forty years later
Yesterday was the fortieth anniversary of Johnny Cash’s live recording of the album At Folsom Prison. On the 1999 re-release, the brief song “Busted” (originally recorded by Cash in 1962) was included. And while the price of cotton is more like 50 cents per pound now (which is much lower than the cost of inflation over the same period), the song still speaks to the situation of many folks today: “My bills are all due and the babies need shoes...
William Cowper: The troubled and talented saint
The English poet and hymn writer William Cowper (1731-1800, pronounced Cooper) was afflicted with severe bouts of depression and haunting despair for virtually all of his life. While he was a contemporary of George Whitefield and John Wesley, and Rev. John Newton served as a mentor, many have not heard of this 18th century English writer. Much of Cowper’s depression and anguish stems from the death of his mother and four of his siblings all by the age of six....
Rev. Sirico on ‘Spe Salvi’ in the Detroit News
Rev. Sirico wrote about Pope Benedict XVI’s recent encyclical, Spe Salvi, in an op-ed in the Detroit News yesterday. In the encyclical, writes Sirico, “Pope Benedict XVI has delivered a wonderful — and oh-so-needed — reminder of what socialism was (and is), and why it went wrong.” Sirico summarizes the practical and moral problems with socialism that are explained in Spe Salvi, and the gaping holes that Marx left in his theories. Marx believed that all the problems associated with...
Do Iowa and New Hampshire choose the short list?
Iowa and New Hampshire represent less than 1.5% of the U.S. population, but the way many pundits talk, these two small states apparently possess some obscure Constitutional right to choose the short list of presidential candidates for the rest of us. After the Hillary Clinton’s second place finish in the Iowa caucuses, several journalists—apparently stricken with Obama Fever—were writing her campaign obituary, never mind that she led national polls of likely Democratic voters and has enough campaign cash to buy...
More on the ‘new’ Evangelical politics
RELEVANT magazine has conducted a reader survey and has a special section on young religious voter attitudes towards politics. A summary bite from RELEVANT founder and publisher Cameron Strang: Young Christians simply don’t seem to feel a connection to the traditional religious right. Many differ strongly on domestic policy issues, namely issues that affect the poor, and are dissatisfied with America’s foreign policy and war. In general, we’re seeing that twentysomething Christians hold strongly to conservative moral values, but at...
Wake up black democrats: Hillary camp disrespects and patronizes blacks
Every Black democrat in America should read today’s column by Nathan McCall in the Atlanta-Journal Constitution titled “Clinton gets proxy to play race card.” Hilary and her supporter’s antics are now playing the race card against Obama. Why? Perhaps the Clinton’s didn’t expect a non-white person to be in contention against established power brokers. Democrats with black leadership is meant for rhetoric only many would say. McCall reminds us that Hillary Clinton seems ultimately self-interested and will use blacks as...
Fear and hope
Zenit News Service’s Father John Flynn, LC, offers an extremely perceptive analysis of a seemingly expanding culture of fear. He manages to tie together climate change hysteria, current electoral politics, and the pope’s recent encyclical. Its conclusion: A world without God is a world without hope …. Perhaps, then, we should not be surprised at the fear-ridden state of modern society. Along with science, humanity needs to rediscover its faith in God if it is to heal the deeper sources...
Radio free Acton hits the web!
The Acton Institute is proud to unveil the first edition of our brand new audio podcast, Radio Free Acton! We’re excited about the possibilities of taking our podcast to the next level, and we hope that if you haven’t already subscribed to our feed, that you’ll do so now. Just add this link to whatever podcasting program you use, or subscribe through iTunes right here. For our first show, I’m joined by Jordan Ballor, Ray Nothstine, and John Couretas to...
The ‘power’ of new media
Why listen to the new Radio Free Acton podcast? Because you’ll have the opportunity to hear news analysis before old media gets around to reporting it. Here’s a case in point. In the inaugural January 11 edition of Radio Free Acton, I say the following: I think what’s resonating with people in Michigan is Mike Huckabee as an example of what’s being called the “new evangelicals.” The mainstream media has really missed this, I think, because they’re associating “new” evangelicals,...
Acton Media Roundup: Jay Richards on Studio B with Shepard Smith
Dr. Jay Richards made an appearance on Studio B with Shepard Smith on the Fox News Channel this afternoon. If you didn’t catch it live, we have the clip right here, courtesy of Fox News: ...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved