S1 E9-Muricah’s Poverty Lines Require iPhones and Air Jordans For Subsistence

Notes & Links

SPECIAL GUEST 

Commander John Sharp

Economics as if Families Matter

HEADLINE: Hilaire Belloc Is Not a a Good Model for Us to Follow by Veroniques De Rugy

• Economist Alexander Salter demonstrates once again that he should stick to his research specialty, which is monetary theory and policy. This piece is one in a series of articles he has been writing for various outlets to preview of his upcoming book about the political economy of distributionism. My frustration with all these pieces is that, although he seems unhappy with capitalism as he perceives it today, Salter never specifies exactly what he thinks are capitalism’s correctable faults. Such specifications would be helpful to determine if his complaints are really about capitalism as such, about the many negative consequences that arise from government obstruction of capitalist processes, or about something else altogether. Salter also leaves unspecified just what policies he wants the government to implement.
• “Conservatives who distrust markets deserve to be taken seriously. But we don’t need to abandon a market-oriented political economy to appreciate their concerns. In fact, all we need is old-fashioned economics. The economic way of thinking gives us a way to understand the essential connection between property and freedom. To see how, we need to consult a much-neglected writer and statesman from the early 20th century: Hilaire Belloc, a founding father of the political-economic school of thought known as distributism.” – Alexander Salter

HEADLINE: Catholic Economics for the 21st Century by Casey Chalk 

• Distributism often has poor economic reasoning behind it, but it also posits important points about the role of economies in a just society.
• Genuine health and genuine good – 
• These people are collecting meals for the next 3 or 4 days.
• At the same time this segment of society has smart phones and $1,000 Nike shoes etc.
• Machine industrial production and technology – 
• It is kind of miraculous that you can have a smart phone that fits in your pocket that only costs $100 or so that will do pretty much anything.
• On the flip side a basket of food, that sustains life costs $200 or more w/ today’s inflation.
• None of this can go on w/o usury. 
• Highly expensive to produce and provided you are making millions of them so the unit cost is low, uses child labor in China.
• It is an absolute imbalance. 

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Mike Church

Mike The KingDude Church is host of CRUSADE Max & CRUSADE Channel's The MikE Church Show & Mike is the Founder of The Veritas Radio Network.

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