We noted yesterday that for ordinary people to have the opportunity to be capital owners and participate in society as full members a capital stake sufficient to generate an adequate and secure income is a virtual necessity. The problem is that this almost mandates a frontier, but what is to be done when “free” land runs out?
Wednesday, February 28, 2018
Tuesday, February 27, 2018
The State is not the only entity overburdened as a result of the State's expansion into inappropriate areas and the suppression of private and religious initiatives. Another consequence is a heavier burden on the taxpayer through increased assessments to finance redistribution and entitlements.
Monday, February 26, 2018
On the latest podcast Host Dave Hamill interviews CESJ's Director of Research Michael D. Greaney and talks about "tough Capital Homesteading questions." (And we think we have the problem that was plaguing us fixed!)
Friday, February 23, 2018
We’ve been taking a little flak from an academic economist or two who have become offended by the recent debunking of the Keynesian money multiplier posted on this blog. Unfortunately, their declarations consist exclusively of unproved assertion (we’re wrong because they’re right) and the appeal to authority (they’re right because they are credentialed academics with decades of experience denigrating students and anyone else who dares to disagree with them). Alas — it is impossible to respond to someone who refuses to say what your alleged mistake might be, and who confines him- or herself to declaring that we are wrong without proof. So here is this week’s News from the Network, not giving any proofs, just reporting the news:
Thursday, February 22, 2018
Taking a break in our series of postings on the laws and characteristics of social justice, we thought we’d look at what many people presume to be the task of social justice: creating a perfect society here on earth, instead of one that is just for as many people as possible.
Wednesday, February 21, 2018
Recently we were “accused” by someone who was evidently a great adherent of the economics of John Maynard Keynes of not understanding the Keynesian money multiplier. A few years back we had made the statement in a posting that the Keynesian money multiplier is based on a fallacy and relies on counting the same money multiple times — what in accounting is called “double counting.”
Tuesday, February 20, 2018
The three great natural rights are life, liberty, and private property — and the “laws” of social justice take this into account. Social justice is the virtue directed to the common good, and the common good is the “medium of life,” that vast network of institutions within which people subsist socially, what Aristotle called the politikos bios, the life of the citizen in the State. “Life” in social justice is not merely being alive, but living “politically,” i.e., institutionally while at the same time retaining your individuality.
Monday, February 19, 2018
Host Dave Hamill continues to turn out the high-quality productions you've come to expect from CESJ . . . and with the "best in guests," too. We have a new link, which gets you to the two latest podcasts, Nos. 11 and 12. Number 11 looks at monetary reforms needed for Capital Homesteading, and Number 12 reviews Federal Reserve policy in response to the volatility in the stock market . . . which isn't really helping matters. . . .
Friday, February 16, 2018
Although the facts are somewhat questionable, and the logic is more than a little shaky (and has been for more than a century), Keynesian economics still rules the worlds of Academia and Politics . . . and people continue to wonder why and how the world doesn’t seem to be working the right way. Perhaps the answer is just a little too obvious? In any event, here are some of this week’s Just Third Way events:
Thursday, February 15, 2018
Today is “John Frum Day.” John Frum (also known as “From” and “Fram”) is a god in the South Pacific originally known as “John From Jesus Christ,” a reincarnation of John the Baptist. As the myth evolved in the late nineteenth century, John Frum was to restore the ancient way of life of the native peoples and open Heaven’s Cargo Workshops to them instead of restricting the wealth to white people.
Wednesday, February 14, 2018
We realize that on this particular (Saint) Valentine’s Day we’re supposed to wail and moan the fact that it falls by coincidence on “Ash Wednesday,” which many Christians observe as the start of Lent and is therefore a day of “fast and abstinence.” That means no chocolate or other goodies for your sweetie.
Tuesday, February 13, 2018
In the opening passages of Leo XIII’s pivotal 1891 encyclical, Rerum Novarum, there is something that has puzzled many people to the point that their only response is to ignore it. This is the pope’s rather odd comment about the role the State should take in everyday life. As His Holiness declared, “There is no need to bring in the State. Man precedes the State, and possesses, prior to the formation of any State, the right of providing for the substance of his body.” (§7)
Monday, February 12, 2018
Host Dave Hamill takes a break from the CESJ podcast this week, but we have the February 10, 2018 (First Hour) "Church and Culture" Show with your host, Dr. Deal Hudson of the Ave Maria Radio Network, an affiliate of EWTN. Dr. Hudson's guest is Mr. Michael D. Greaney, CESJ's Director of Research, who has a new book out, Ten Battles Every Catholic Should Know:
Friday, February 9, 2018
While the winter is cold, the Just Third Way literary scene seems to be pretty hot. There is fresh interest in Capital Homesteading for Every Citizen (2004) and Dr. Harold G. Moulton’s classic refutation of the monetary policies behind the Keynesian New Deal, The Formation of Capital (1935). Most of the stir, however, is caused by a number of important new books that have come out or are in the process of being published:
Thursday, February 8, 2018
If you’ve been paying attention for the past two centuries or so, you might have noticed that “social justice” tends to be equated with socialism quite a bit, especially among Catholics of a certain bent,. This comes across as what might rather confusingly be called a “liberal conservatism,” which manifests as a sort of weird “ultramontanism,” a term meaning “favoring greater or absolute supremacy of papal over national or diocesan authority in the Catholic Church.”
Wednesday, February 7, 2018
Now we come to the “Fourth Law of Social Justice”: “Each is Directly Responsible.” This one puzzles quite a few people, because they tend to think of social justice in terms of demanding individual goods from those who have them, for redistribution among those who don’t have them, not in making it possible for people to meet their own wants and needs through their own efforts — in other words, putting the onus on someone else for whatever you want done, whether individually or socially.
Tuesday, February 6, 2018
Continuing our series of postings on the laws and characteristics of social justice — with occasional postings on other subjects for rest and refreshment — today we look at what CESJ co-founder Father William Ferree called the “Third Law of Social Justice.” That is, “One’s First Particular Good Is One’s Own Place in the Common Good.”
Monday, February 5, 2018
Host Dave Hamill continues to turn out the high-quality productions you've come to expect from CESJ . . . and with the "best in guests," too. Be sure you click on “Related Tracks” so you see all the episodes — otherwise, you’ll just see the first three.
Friday, February 2, 2018
A great deal has been happening this past week, although everyone here at CESJ headquarters managed to miss the lunar eclipse of the “Blueblood Moon” despite having gotten up extra-early to see it. A portion of the sky was overcast at a critical time. . . . Be that as it may, at least advances in the Just Third Way are not a “once in a blue moon” occurrence:
Thursday, February 1, 2018
As part of our research into the area of economic justice, we’ve been reading recently how the Knights of Labor, the nineteenth century labor organization (whether it was ever an actual union seems to be a bone of contention among labor historians) never managed to come together as an organization, and eventually dissolved due to going through what amounted to an identity crisis. Ultimately, no one seemed to know what the organization was, with factions and different leaders pulling it every which way until it finally collapsed.