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Catholic Economics — Science
Catholic Economics

Improving economic policy is a key component of building a just society. Though Catholic Social Teaching has a lot to say about economic policy, there are relatively few outlets discussing the rich and beautiful tradition of economic theory and policy provided to us by the Church. Join economist Dr. Levi Russell as he discusses economic concepts and current events through the lens of Catholic Social Teaching.

Copyright: © Catholic Economics

Latest Episodes:

Essential Reading: The Pope's "Treasure" and Neoliberalism by R. J. Ederer Oct 08, 2020

Show notes

Economist Rupert J. Ederer explains the relationship between the social teaching of the Church and neoliberal economics.
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Isaac Miller on The Left's Ignorance of Subsidiarity | Ep 68 Oct 06, 2020

Show notes

Isaac Miller joins me to discuss his piece in the inaugural issue of Social Justice Quarterly, the magazine of the Leonine Institute for Catholic Social Teaching.
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Our Economy This Week | Ep 6 Oct 04, 2020

Show notes

Stimulus bill, Fed's new perspective on inflation, Q3 GDP forecast, and a continuing resolution to fund the gov't through Dec 11th.
Fed's new monetary framework
GDPNow Forecast
Continuing resolution to fund the government

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Essential Reading: Review of The Church and the Market by R.J. Ederer Oct 04, 2020

Show notes

This week I'm reading Dr. Rupert J. Ederer's (lengthy) review of Tom Wood's 2005 book "The Church and the Market." Woods' book is popular among Catholics who feel the need to defend liberal capitalism against the criticisms of the popes.
Economics for Dummies - Rupert J. Ederer reviews "The Church and the Market"
http://culturewarsmagazine.com/2005/Ederer.html
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The Child Care Tax Credit is Anti-Family | Ep 67 Oct 01, 2020

Show notes

The Child and Dependent Care Tax Credit incentivizes parents to work outside the home, increasing the pernicious effects of the two income trap in our society. What are the details of this credit and what should we do to replace it?
Brief explanation of the Child Care Tax Credit
https://www.taxpolicycenter.org/taxvox/simplifying-child-care-tax-benefits

Full explanation of child tax credits
https://taxfoundation.org/child-tax-credit/
Some links to economics journal articles on the child care tax credit:
https://www.researchgate.net/publication/24126077_On_the_Progressivity_of_the_Child_Care_Tax_Credit_Snapshot_versus_Time-Exposure_Incidence
https://www.researchgate.net/publication/24094651_Child_Care_Costs_and_Family_Labor_Supply
http://www.ntanet.org/NTJ/44/4/ntj-v44n04p519-28-child-care-credit-progressive.pdf
https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-5890.2000.tb00581.x?casa_token=u64F7VPZ_PwAAAAA%3AFJt7vGBuRMt6X2fhYtrqmOrV-YILCzKLYdr3w-zuxZId0KQf3lNX3l_ICZJu9bbx2GViEAvGi-If_2tF
https://www.mitpressjournals.org/doi/abs/10.1162/003465397556467?casa_token=usHVo4gTVTQAAAAA%3Aux3i2xBruIhipJ0zB-uXkef4g3ZNuFovwoLZUA1CLPMs0ky6JlN9ONZI17BvC-7kvzJ0vyuluNg4&journalCode=rest
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Contact me via email: lrussell[at]leoinstitute[dot]org

Silicon Valley Isn't Maximizing Profit | Ep 66 Sep 22, 2020

Show notes

How can economic theory explain the political actions of big tech and social media? As high as their profits are, they aren't maximizing them. Instead they're subsidizing their political influence via their market power.
Show notes:
Big Tech Panel
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Contact me via email: lrussell[at]leoinstitute[dot]org

Our Economy This Week | Ep 5 Sep 19, 2020

Show notes

Mainstreet's continued decline, Trump payroll tax relief, Trumpbux back on the menu, student loan forgiveness and TikTok as latest volley in trade war with China
Yelp data shows 60% of business closures due to the affliction are now permanent
Republicans propose payroll tax plan
Payroll tax deferral starts today
Businesses reject Trump payroll tax plan while postponing their own tax bills
Pelosi vs the Problem Solvers Caucus
Mark Meadows interviewed on the Problem Solvers stimulus plan
Pelosi blocks stimulus plan by moderate Democrats
Sen. John Kennedy on Pelosi blocking stimulus

Trump reaches over GOP to praise Problem Solvers plan
Student loans in America are a fedgov problem
Trump vs TikTok

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Contact me via email: lrussell[at]leoinstitute[dot]org

William Briggs on Corona Data and Statistical Theory | Ep 65 Sep 15, 2020

Show notes

Dr. William M. Briggs of wmbriggs.com joins me to discuss the 'rona and provides some insights about statistical theory. Dr. Briggs is a cradle Catholic and statistician to the stars. Find him on twitter @famedcelebrity. You can read his daily blog at http://wmbriggs.com/
Check out his forthcoming book on the "coronadoom!"
https://www.amazon.com/Price-Panic-Tyranny-Pandemic-Catastrophe/dp/1684511410/ref=sr_1_6?dchild=1&qid=1600136110&refinements=p_27%3AWilliam+Briggs&s=books&sr=1-6&text=William+Briggs

Read his statistics textbook "Uncertainty"
https://www.amazon.com/gp/product/B01JEJNUJK/ref=dbs_a_def_rwt_bibl_vppi_i1
Support this show's sponsor, CabinRugs.com!
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Support the Show!
Patreon: http://patreon.com/catholiceconomics
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Follow Me on Social Media!
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Check out the Leonine Institute for Catholic Social Teaching!
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Contact me via email: lrussell[at]leoinstitute[dot]org

Our Economy This Week | Ep 4 Sep 13, 2020

Show notes

Trumpbux failure, tech stock drop, and inflation.
Democrats Block Senate Stimulus Plan
https://www.msn.com/en-us/news/politics/democrats-block-slimmed-down-gop-stimulus-plan-which-extends-federal-unemployment-benefits-but-leaves-out-direct-payments/ar-BB18Ut7k
Dow ends higher but Wall Street posts second-straight weekly drop on tech slide
https://finance.yahoo.com/news/futures-rebound-tech-stocks-rise-111532789.html
Druckenmiller Inflation Prediction (video)
https://twitter.com/SquawkCNBC/status/1303665278262353920
Druckenmiller Inflation Prediction (article)
https://finance.yahoo.com/news/druckenmiller-says-inflation-could-reach-121455086.html
Eddy Elfenbein - Inflation running at 5%
https://twitter.com/EddyElfenbein/status/1304405482761789442
Elfenbein's chart
https://fred.stlouisfed.org/graph/?g=vuYl
AP Inflation article
https://apnews.com/09f76f08edbf9afaeb984ddb7f3c9121
Zero Hedge Inflation article
https://www.zerohedge.com/markets/us-consumer-prices-accelerate-august-used-car-furniture-prices-spike-rent-inflation-slows
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Subsidiarity in History: Apprenticeships | Ep 64 Sep 09, 2020

Show notes

I interview diocesan seminarian and Leonine Institute Research Associate Alexander Brown about his article in the inaugural issue of Social Justice Quarterly.
Historical Analysis of Subsidiarity: Where Did It Exist and How? - Alexander Brown
Social Justice Quarterly Vol. 1 Iss. 1
https://leoinstitute.org/socialjusticequarterly/
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Contact me via email: lrussell[at]leoinstitute[dot]org

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