Make America Think Again! – Share Pat’s Columns… If Pelosi and Biden see the world struggle as between autocracy and democracy, a question arises: As leader of the democracy camp in this world struggle, why do we not insist that our allies in places like Egypt, Jordan, Saudi Arabia, Qatar, Yemen, the UAE and Oman […]
EFFECTS OF THE PANDEMIC ON HOMELESSNESS AND THE HUNGRY Billions of people have been affected by the global coronavirus pandemic. Some are worse off than others, but each of us has been touched by this disaster. Many individuals have been left homeless, barely surviving without adequate shelter or food. Fifty million Americans in the United […]
Bishop Robert Barron responded this week to the recent article in the Atlantic smearing the Catholic rosary as a tool for right-wing militants. Last week, The Atlantic published an article from Daniel Panneton originally titled, “How the Rosary Became an Extremist Symbol,” and featured a rosary graphic made of bullet holes in place of beads while arguing […]
Should young people go to college? Should parents, grandparents, and teachers urge them to go to college? These are now open questions. Perhaps we should ask whether they “still” should go to college. Not too long ago, the default answer was a resounding yes. College was not only the path to higher earnings, but the gateway […]
In their writings, Finn Kydland and Edward C. Prescott (K-P), the 2004 Nobel laureates in economics, had hypothesized that a major cause behind boom-bust cycles is technology shocks. In order to assess the importance of this claim, which they labeled the theory of real business cycles, K-P employed the Solow growth model (after Robert Solow, the […]
The Fed and other central banks have zero control of supply-driven inflation, period. America’s financial punditry is bewitched by four fatal fantasies: 1. Inflation is demand-driven. If the Federal Reserve (or other central banks) reduce demand with monetary tools like raising interest rates, inflation will cool. 2. Substitution of high-cost goods with lower-cost goods reduces […]
