By blocking most German Jewish immigration, the US [in the 1930s] and other western nations became partially complicit in the injustices inflicted against them. The US government was not just standing by and doing nothing in the face of Nazi oppression; it was using force to actively impede victims’ efforts to save themselves.
David Boaz reminds me that in 1985 the late, great Paul Heyne penned a splendid response to the First Draft of the U.S. Bishops’ Pastoral Letter on Catholic Social Teaching and the U.S. Economy. (This pastoral letter is the same one that sparked today’s Quotation of the Day.)
Creighton University econ professors James Bailey and Diana Thomas explain, in this new publication by the Mercatus Center, that government regulation too often dampens entrepreneurship and suppresses competition.
James Pethokoukis describes Deirdre McCloskey’s defense of market capitalism as “perhaps the most powerful” one you will ever read. There’s a great deal of justification for Pethokoukis’s assessment.