The Just Third Way

A Blog of the Global Justice Movement

Friday, December 19, 2014

News from the Network, Vol. 7, No. 50

In the film version of The Student Prince (1954) — featuring the voice of Mario Lanza because he walked (as they say in film land) after recording the songs but before shooting the scenes — the Doctor (the prince’s tutor) is summoned with his pupil to the king’s chamber in the middle of the night.  They are both, obviously, concerned.
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Thursday, December 18, 2014

Happy (Late) Birthday, Francis!

Yes, we know.  Pope Francis’s birthday was yesterday.  He was born December 17, 1936, making him seventy-eight years young (see? we can be diplomatic at times).  So, what do you want?  CESJ is not a Catholic organization, nor is the Just Third Way a Catholic movement.  We didn’t get him a cake, either, or tug 78 times on his earlobe (yes, that’s the Argentinian tradition, we looked it up).
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Wednesday, December 17, 2014

Some Notes on Discounting Acceptances

Believe it or not, the title of this posting is not gibberish — unless, of course, you are irrevocably stuck in the Currency Principle that underpins today’s three mainstream schools of economics, the Keynesian, the Monetarist/Chicago, and the Austrian.  In that case, none of this will make any sense at all to you.
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Tuesday, December 16, 2014

The (B)oil (We)evil

We were going to head this posting, “The Boil Weevil” instead of “The (B)oil (We)evil” to suggest the “evil” of oil, but some people might think we had just made a stupid spelling error and move on without reading the posting.  That would be a pity, because it’s a great play on words and highlights a serious problem.
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Monday, December 15, 2014

Santorum’s “Better Place” II: The Vision

Last Thursday we took a look at the biggest problem any contender for the White House in 2016 faces: no vision and no specific proposal except some form of jobs and welfare, or an arrangement where some benefit at the expense of others.  Frankly, we think Santorum can do better than that.  Heck, we think Obama can do better than that.  All it takes is an open mind and a willingness to listen to something genuinely new instead of rehashing the Same Old Thing.
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Friday, December 12, 2014

News from the Network, Vol. 7, No. 49

As of this writing (10 am), the stock market is plunging.  The world is coming to an end.  Again.  According to the Washington Post and the Wall Street Journal, this is due to the rapid decline in the price of oil.  The fall in oil stocks is having a ripple effect throughout the market, with the perceived increase in consumer spending due to the illusion of increased disposable income not enough to offset the perceived decrease in future revenue from oil.
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Thursday, December 11, 2014

Santorum’s “Better Place” I: Why Not Ownership?

No, even though we took the phrase straight from yesterday’s Washington Post, they weren’t referring to Rick Santorum’s departure from this life, but his reentry into political life.  It seems that Santorum has been contemplating running for the presidency (of the United States) in 2016.  He’s been keeping it low key, describing his position for 2016 as being “in a better place” than in 2012.
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Wednesday, December 10, 2014

On Usury and Other Dishonest Debate

The online edition of Crisis magazine recently (December 8, 2014) had an article on the perennial problem of usury, “Did the [Catholic] Church Change Its Doctrine on Usury?  Although it might seem like re-plowing old ground, we thought we’d weigh in again with a few brief thoughts.
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Tuesday, December 9, 2014

New Release: The Political Animal


Economic Justice Media, ISBN: 978-0944997062, 144 pp. $10.00
ARLINGTON, VIRGINIA (December 1, 2014) — Is it possible to be a good person and at the same time a good citizen within a defective or unjust society or institution?  In The Political Animal: Economic Justice and the Sovereignty of the Human Person, author Michael D. Greaney, Director of Research of the Center for Economic and Social Justice in Arlington, Virginia, USA, answers this age-old dilemma with a resounding “Yes!”
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Of Cosby, Crime, and Calumny

There is one glaring fact about the allegations against Bill Cosby that few, if any of the increasingly voluble commentators either defending the comedian (a small but diminishing number) or nodding sagely that they knew all along there was something fishy about the guy, a crowd seemingly as large as the vast majority who never voted for Richard Nixon.
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Monday, December 8, 2014

Cardinal Burke’s Opportunity

Cardinal Burke has assumed his new office as Patron of the Order of MaltaWhat business does the Just Third Way movement have commenting on Cardinal Burke’s new position at the Vatican?  None whatsoever.  That makes us instant experts.  With that in mind, we offer the following advice, free of charge, and possibly worth every cent:
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Friday, December 5, 2014

News from the Network, Vol. 7, No. 48

Tomorrow is the “feast” of Saint Nicholas of Myra, the original Santa Claus.  If you say “Saint Nicholas” in Dutch very fast, it comes out “S’int-nihc-loss,” making “Old Saint Nick” a bit more understandable as a, er, nickname.  Sorry.  In any event, St. Nicholas of Myra is famous for bringing presents to good little children, and for punching heretics in the mouth.
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Thursday, December 4, 2014

Bernie “Backwards” Sanders

Bernie Sanders has announced that he has a twelve-point economic plan to break the power of the Koch brothers and other financial oligarchs, and restore prosperity to America.  Nice try, Hon. B. Sanders, but from a Just Third Way perspective and the logic of Say’s Law of Markets, you’re going about it the wrong way, even backwards.
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Wednesday, December 3, 2014

Two Key Questions for the Georgists

Some people in the Just Third Way movement have been taking a significant number of questions (read “unsupported assertions”) from the “georgists,” as followers of the thought of Henry George are known.  Henry George was the noted author of one of the two most influential socialist works of the 19th century, apart from those of Karl Marx: Progress and Poverty (1879).  Edward Bellamy’s Looking Backward: 2000-1887 (1888), “One of the most remarkable books ever published in America” (Erich Fromm) was the other.
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Tuesday, December 2, 2014

That Krazy Keynesian Multiplier Again

We recently got some more questions about the Keynesian money multiplier, developed by Baron Kahn in the 1930s, and embedded in the monetary and fiscal policy pretty much throughout the world ever since.  That is in spite of the fact that there are some glaring inconsistencies and contradictions in Keynesian multiplier theory — as well as most of the fundamental assumptions in Keynesian theory in general, for that matter.
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