Monthly Archives: August 2012

Malice of Unjust Taxation

The following quote is from The Framework of a Christian State by E. Cahill, S.J. (1932): “The Malice of Unjust Taxation–In modern States practically all the public revenues come from taxes which the rulers of the State exact from the … Continue reading

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The Effects of Stimulus in Keynesian and Neoclassical Models

Let us consider the effects of an increase in government spending and a balanced budget . The most elementary Keynesian model consists of two equations: Y = C + I + G C = c0 + c(Y–T) Here Y is … Continue reading

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Perishable Gods

“But with lamentable blindness, they suppose that, through the intervention of perishable gods, the earthly well-being and temporal prosperity of the state can be preserved from perishing. And so, when they are reminded that even when the gods remained among … Continue reading

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Socialism and Intrinsic Evil

On the occasion of the nomination of Paul Ryan as Vice Presidential Candidate, Bishop Morlino of Madison has published a letter on voting and Catholic teaching. The letter can be found here: Subsidiarity, Solidarity, and the Lay Mission This letter … Continue reading

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Aggregate Goods and Substitutability

Are all aggregate goods complements or substitutes? Ordinarily, aggregate goods are weak substitutes. Let’s think about how goods are aggregated. The natural categories for aggregate goods are food, clothing, housing, health care, etc. To construct these aggregates, you would first … Continue reading

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