Catholic Economics: Recent Episodes
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. Support this podcast: https://anchor.fm/catholiceconomics/support
What is the "Council for Inclusive Capitalism with the Vatican?" I give my thoughts and announce the end of the podcast.
As always, please let me know if you have comments or questions.
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I hope you enjoy this interview with John Fisher 2.0! He's a sharp guy just getting his YouTube channel started.
Check out his channel for some great interviews and debates!
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Recently the Reason and Theology podcast hosted a roundtable discussion on Catholic economics.
Anthony Fernandez, the director of the Leonine Institute for Catholic Social Teaching joins me to discuss!
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Now that Janet Yellen is back in the halls of power, what policies will she be pushing from her post at the Treasury?
Summary of Seattle $15 min. wage study
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I discuss the possibility for cooperatives to reform healthcare in the U.S.
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Was Jesus a socialist? This oft-shared meme is dead from the neck up. I explain from the perspective of political theory and economic policy.
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Should we be teaching concepts like solidarity, subsidiarity, common good, the universal destination of goods, and other components of Catholic Social Teaching to Catholic youth? If so, how do we do it? What challenges might such a CCD teacher face? I put these questions to you and give my brief thoughts. I also explain my recent absence from the show.
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I give my brief thoughts on Pope Francis' latest encyclical Fratelli Tutti.
Washington Examiner piece
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I read a short paper by economist Rupert J. Ederer, the man who translated Pesch's work into English. Writing in 1961, Ederer discusses the spontaneous creation of so-called industry councils that bind together the interests of management and labor.
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Pope Francis has emphasized usury to a greater degree than recent popes. How are liberal capitalists coping with this? What lessons can we learn about our own ideology and the social teaching of the Church from their responses?
Leonine Institute paper on usury
Acton blog post on Pope Francis & usury
Pope Francis on usury 1 & 2
Pope Benedict on usury
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What brought economist Rupert J. Ederer to Heinrich Pesch's solidarism? What motivated him to translate the Lehrbuch? I read his short note on the effect Pesch's work had on his life as an economist.
My Journey into Solidarism - R.J. Ederer, Catholic Social Science Review, Vol. 3, 1998, pages 79-88
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Dr. Jones joins me to discuss the use of our reason as it relates to obedience to the Church and the State. We cover several recent topics including the 'rona, Pope Francis, and international trade.
Check out Dr. Jones' latest book Logos Rising
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Economist Rupert J. Ederer explains the relationship between the social teaching of the Church and neoliberal economics.
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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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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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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 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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Chapter 11 of Fr. Heinrich Pesch's "Ethics and the National Economy" properly situates capitalism and socialism as extremes of economic order as envisioned by liberal individualism. He spends more time on capitalism, which is important for discussions we are having today.
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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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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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Chapter 10 of Fr. Heinrich Pesch's "Ethics and the National Economy" makes some fantastic points about the errors of liberal economics. He explains the relationship between ethics and economics, which is a crucial point of misunderstanding in modern economics.
Purchase Fr. Pesch's book here
http://loretopubs.org/ethics-and-the-national-economy.html
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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
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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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In this new series, I will be providing brief commentary before reading book chapters and academic articles essential to understanding Catholic Social Teaching, Solidarist economics, and Distributism.
The first installment is a re-recording of Chapter 6 of Fr. Heinrich Pesch's "Ethics and the National Economy." The chapter is about just prices, usury, and just income. Please send me your feedback on this new series, including suggestions for readings at the email or social media links below.
Purchase Ethics and the National Economy here!
http://loretopubs.org/ethics-and-the-national-economy.html
Also, please consider supporting the show via Patreon or Subscribestar!
Article links:
Just price article
https://leoinstitute.org/wp-content/uploads/2020/07/Just-Price.pdf
Usury article
https://leoinstitute.org/wp-content/uploads/2020/08/Policy-Paper-2020.2-Usury-and_Interest-Leonine-Institute.pdf
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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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Inflation targets, the middle class, small businesses, new antitrust action and more this week!
Check out the inaugural issue of Social Justice Quarterly, a publication of the Leonine Institute!
https://leoinstitute.org/socialjusticequarterly/
Will the Fed's recasting of its monetary policy strategy help the US economy?
https://thehill.com/opinion/finance/514624-will-the-feds-recasting-of-its-monetary-policy-strategy-help-the-us-economy
Inflation is Higher Than the Numbers Say
https://www.nytimes.com/2020/09/02/business/inflation-worse-pandemic-coronavirus.html
The Decline of American's Upward Mobility in One Chart
https://www.zerohedge.com/markets/decline-upward-mobility-one-chart
The Economy Continues to Unravel Despite All Stimulus Measures
https://www.zerohedge.com/bailout/economy-continues-unravel-despite-all-stimulus-measures
A warning to Democrats: Small business owners are getting angry - very angry
https://thehill.com/opinion/finance/514755-a-warning-to-democrats-small-business-owners-are-getting-angry-very-angry
JPMorgan strategist says investors should get ready for Trump win
https://nypost.com/2020/09/02/jpmorgan-strategist-says-investors-should-get-ready-for-trump-win/
Why Fiverr Stock Jumped 29% Last Month
https://www.fool.com/investing/2020/09/04/why-fiverr-stock-jumped-29-last-month/
Nasdaq posts worst week since March as tech shares slide
https://finance.yahoo.com/news/stock-market-news-live-september-4-2020-221302791.html
How Do FAANG Stocks Look after market Rout?
https://www.morningstar.com/articles/1000671/how-do-faang-stocks-look-after-market-rout
Justice Dept. Plans to File Antitrust Charges Against Google in Coming Weeks
https://www.nytimes.com/2020/09/03/us/politics/google-antitrust-justice-department.html
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This week I discuss a recent announcement at the Fed, the second round of 'rona relief and the effects of the delay so far, and the tax plans from the Biden and Trump campaigns.
Fed's Powell on Avg Inflation Targeting
https://www.zerohedge.com/markets/if-powell-announces-average-inflation-targeting-thursday-rates-will-be-hold-42-years
Rona Relief Legislation Talks
https://www.msn.com/en-us/news/politics/pelosi-and-meadows-to-discuss-coronavirus-relief-legislation-weeks-after-stimulus-talks-broke-down/ar-BB18qDEG?li=BBnbcA1
https://www.cnbc.com/2020/08/27/coronavirus-stimulus-update-pelosi-meadows-phone-call-makes-no-progress.html
Jobs Hard to Get Graph
https://twitter.com/zerohedge/status/1298265657947992064
Plunging Consumer Confidence in August
https://www.zerohedge.com/markets/us-consumer-confidence-re-plunges-august-6-year-lows
Large Companies Promise Layoffs
https://finance.yahoo.com/news/big-companies-unleash-a-wave-of-pink-slips-as-coronavirus-keeps-hammering-jobs-market-141401529.html
Biden Tax Plan Analysis
https://taxfoundation.org/joe-biden-tax-plan-2020/
Trump Tax Plan Analysis
https://taxfoundation.org/president-trump-tax-plan-2020/
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Today's show is about the problems and benefits of automation and some policy ideas for improving the financial prospects of the labor force.
WSJ Article by Christopher Mims
https://www.wsj.com/articles/covid-19-is-dividing-the-american-worker-11598068859
Mims' Twitter Thread
https://twitter.com/mims/status/1297172804819976194
Labor vs Software Taxation Graph
https://twitter.com/mims/status/1297179108707831808
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The inaugural Econ Comments episode! I discuss a range of economic and market issues from the past week. Links to articles can be found below!
Articles from this show:
https://finance.yahoo.com/news/stock-market-news-live-august-21-2020-222325606.html
https://finance.yahoo.com/news/warren-buffetts-favorite-stock-market-indicator-reaches-internet-bubble-extreme-165447233.html
https://www.barrons.com/articles/how-to-prepare-your-portfolio-for-a-weaker-dollar-51598009400?siteid=yhoof2&yptr=yahoo
https://finance.yahoo.com/news/chegg-ceo-25-of-colleges-likely-to-go-out-of-business-123404760.html
https://realmoney.thestreet.com/investing/stocks/jim-cramer-working-at-home-is-not-a-fad-and-the-implications-are-staggering-15403508
https://finance.yahoo.com/news/trump-nominee-shelton-blasted-fed-181039662.html
https://salinapost.com/posts/83418195-d6c4-4e63-aced-1d7cbc8ee0b1
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What did the constitution Chancellor Dollfuss of Austria implemented look like? How does it align, as many claim, with the Social Teaching of the Catholic Church?
Austria's Corporative Constitution - Arnold J Zurcher
https://www.cambridge.org/core/journals/american-political-science-review/article/austrias-corporative-constitution/89154B0F76AFF7BED55D9E25FAC13EAE
Dollfuss - An Austrian Patriot
http://loretopubs.org/dollfuss-an-austrian-patriot.html
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What do recent economic data trends tell us about the effects of the shutdown associated with the affliction? I look at GDP, unemployment, and other data to get an idea.
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Francis joins me again, this time to discuss a historical view of Germany's smartest economic policies with some lessons for improving policy here in the U.S.
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Hayek's book "The Road to Serfdom" was wildly popular in its day, and more recently during the Obama administration. What does Hayek get wrong? Does liberal capitalism really save us from "serfdom" by keeping us from socialism? These questions and more discussed in today's show!
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How do we define the just price? Is it merely theoretical or is it also practical policy prescription? These questions and more discussed this week!
Show Links:
The Just Price - Leonine Institute Position Paper - Anthony M. Gentile
Just Price in a Functional Economy - Fr. Bernard Dempsey, SJ
Ethics and the National Economy - Fr. Heinrich Pesch, SJ
Quadragesimo Anno
Rerum Novarum
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What is a family wage policy and how can it be implemented? Is there a political coalition that would support it? These questions are answered in this week's show!
Show Links:
Family wage article https://www.washingtonexaminer.com/opinion/a-family-wage-prioritizes-conservative-values-and-would-solve-covid-19-child-care-dilemmas
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I respond to some common critiques about the Catholic view of usury.
Show Links:
Conversation with Settler's Lament
https://www.youtube.com/watch?v=1gIroGKkcmM&feature=youtu.be
Clarifying Vix Pervenit on Usury | Episode 38
https://anchor.fm/catholiceconomics/episodes/Clarifying-Vix-Pervenit-on-Usury--Ep-38-eafn2t/a-aclroc
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This week I talk to Leonine Institute contributor Tony Fernandez (@phattonez on twitter) about his use of data and graphs to make the case for a more just, Catholic economic system.
Click here for Tony's graph
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I address some of the flaws in a recent NC Register piece alleging that capitalism is not only compatible with Catholic social teaching, but it is preferred!
Previous episodes mentioned:
On the Horn vs Rocha Debate | Ep 51
Review Preview: Can a Catholic Be a Socialist? | Ep 50
Trent Horn's Catholic Critique of Socialism | Ep 40
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The show has changed over the last year and I think it's time to update the name and branding to be more consistent with the content. There's also some info about some changes, large and small, that will be happening soon!
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I discuss the recent debate over the permissibility of "Catholic socialism" featuring Trent Horn and Sam Rocha.
It's important to note that I definitely disagree with Horn, but I disagree much more strongly with Rocha.
Trent Horn vs Sam Rocha Debate
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I give a preview and some extra discussion of my upcoming book review of Can a Catholic Be a Socialist?.
Links:
Trad Dads Episode 40: Trent Horn's Catholic Critique of Socialism
Leonine Institute for Catholic Social Teaching
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Levi interviews seminarian Anthony Gentile on the moral issues involved with investing today.
Links:
Anthony's bio on the Leonine Institute site.
USCCB document on investing
Cooperation in evil chart
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A city-dwelling Catholic joins me to discuss the problems American cities have and the ways we can solve them.
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A smattering of topics related to cars: economics, personal finance, emissions, quality, durability, and the future for electric cars.
Links:
Why did cash for clunkers fail?
Edmunds report on used car purchases and financing
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Recent events have radically shifted the purpose and activities of the Federal Reserve. Does America now have a central bank?
This episode is a response to a request by a listener! To suggest an episode topic, leave a voice message on Anchor, a YouTube comment, or contact me @Traddads on Twitter or /TradDads on Facebook!
Show links:
YouTube Interview
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Does economic theory dictate that we shouldn't employ anti-price gouging laws? How else can we think about this issue?
This topic is a response to a listener request. Please leave a voicemail on the Anchor app or hit me up on social media to request an episode!
Show notes:
Price Gouging During the Pandemic
Can prohibitions on price gouging reduce deadweight losses?
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I discuss the policy of open or lightly regulated borders with respect to the recent CCP Virus outbreak.
Free Trade is Risky | Ep 44
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I discuss the economics of free trade in the context of the liberal worldview. Free trade is an obvious policy, until something goes wrong.
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I discuss the CDF's 2018 document "Economic and Financial Issues" and provide my view on their fundamental principles and the application of those principles in the worldwide financial system.
Oeconomicae et pecuniariae quaestiones
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I discuss the panic, fearmongering, risk, uncertainty, and market plunge associated with the worldwide outbreak of coronavirus.
Show notes:
COVID-19 isn't as deadly as we think - Slate
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I discuss the notion of the just price according to the School of Salamanca. Specifically, I use an article from the Distributist Review to respond to some libertarian critics of price controls and add some economic meat to the article.
Corporation Christendom - Dr. Peter Chojnowski
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Though it's not published yet, Trent Horn's forthcoming book on socialism will likely spark a lot of discussion on Catholic Social Teaching. As a preview, I provide here a critique of a talk he gave on the subject at Benedictine College late last year.
Show notes:
Horn's talk at Benedictine College
Trad Dad's episode on Labor Economics & Policy
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Is economics a reliable guide for morality? How should we respond when we are told our policy views are incoherent because we "don't understand economics?"
Show Notes
We're All Utilitarians Now? - Levi Russell
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Vix Pervenit is, in my view, the most important encyclical on usury. Its admonitions against usury are applicable to all of Christendom, so we should all understand it very clearly. I hope I have provided you with some clarity in this episode!
Show notes:
Vix Pervenit - Pope Benedict XIV
Ethics and the National Economy - Fr. Heinrich Pesch, S.J.
"Extrinsic Interest" - Wikipedia on Vix Pervenit
Usury FAQ - Zippy (RIP)
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I will be doing an episode or two on Vix Pervenit later this week, so to prepare, here is a reading of that encyclical.
Vix Pervenit - His Holiness Pope Benedict XIV, 1745
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Interview with Anthony Stine of the Return to Tradition podcast. Anthony gives a personal perspective on minimum wage work, the gig economy, and the reality many face in today's workforce.
Dept of Labor Tip Info
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Recently, California's legislature passed a law effectively banning so-called "gig work" and requiring companies like Uber to treat their contractors as employees. The law went into effect on January 1, but in December controversy around businesses' response to the regulation flared up.
In this episode, Levi R addresses the conservative and left-wing responses to the controversy and proposes a more traditional solution to the underlying problem.
Dan Bongino's Response to the Controversy (time stamp 46:00)
California's gig worker law went into effect; these groups are fighting it - Fox Business
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In the various policy debates over trade and industrial policy, the framing is very important. I discuss the tradeoffs between manufacturing employment and output given the trends we've seen in these two data series over the last 20 years.
Manufacturing Employment Graph
Annual Growth in Manufacturing Employment Graph
Manufacturing Real Output Graph
Annual Growth in Manufacturing Output Graph
Andrew Yang vs Tucker Carlson - Episode 5
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Levi B joins in to discuss several important reasons for homeschooling. Levi B was homeschooled for 8 years and he and his wife homeschool their children. His experience is enlightening!
Show notes:
7 Reasons School is Not An Option for My Homeschooled Kids
Home School Legal Defense Association
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Levi R responds to a short video clip by Johan Norberg on atomistic individualism. He then responds to an article in Reason Magazine that attempts to spin Catholic Social Teaching as really just an application of libertarian political theory!
Show notes:
Norberg on Atomistic Individualism
Slade on Catholic Social Teaching
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Levi R addresses 4 objections to Distributism or CST-consistent economic policy. The primary issues are definitional: what is "concentrated power?" How should Catholics build their politics around the principle of subsidiarity?
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Levi R discusses some important issues with labor economics and popular policies that many believe will solve some of our economic problems. What are "breadwinner jobs?" How do we get more of them? How do we raise wages?
Links:
Definition of "breadwinner jobs"
Breadwinner jobs data
Deep State Declassified with David Stockman
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Levi R presents some of the strongest arguments in favor of cooperatives and responds to a few common criticisms. We'd like your feedback! Please hit us up on Twitter (@traddads) or in the comments on YouTube.
Family vs Rugged Individualism | Trad Dads
Social Security | Trad Dads
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Levi R interviews a trained philosopher and former Twitter Thomist. Is liberalism necessary or sufficient for the material prosperity we now enjoy? What about the problems we face in modern society? Sortes sorts it out for us!
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Many on both the right and left advocate mandatory paid parental leave. The left likes this policy for women's empowerment and redistributive purposes. Some on the right like it because it sounds pro-natalist and pro-family. The question is, does mandatory paid parental leave actually accomplish its intended goals? Is it an effective pro-family policy or is there something better?
Ship of Fools by Tucker Carlson
The Two-Income Trap by Elizabeth Warren and Amelia Warren Tyagi
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Levi R discusses Social Security and its critics. Can it be salvaged? Is there a better way? Are the common critiques any good?
Fix Social Security game
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Levi R discusses the concept of economies of scale in policy and political discourse. Do the left and right view economies of scale differently? Is economies of scale an immutable law of nature that cannot be violated by policy?
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Levi R gives a brief primer on tariffs and other trad policies. He then provides a discussion of the U.S. / China trade ware and gives an update on the latest action. Don't miss it!
Primer on tariffs ends at approximately 11:55
Get Economics for Helen from IHS Press. They are in a transition period and you can call for your copy!
U.S. vs China Trade War Timeline
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Levi B and Levi R discuss social media platforms. Should we be expected to just build another social media platform or are there barriers to the creation of new platforms? Do we have alternatives to Twitter and Facebook now? Why aren't they bigger?
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Levi R discusses the economics and politics of international trade as if communities mattered. Yes, unlimited trade makes many of us wealthier, but at what cost?
IHS Press - Economics for Helen (order by phone or email)
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In this somewhat unusual episode, Levi R has some harsh words for the Anti-Distributists. Distributism was an attempt to apply the social teaching of the Church to the problems of the early 20th century. It has a ton of great ideas, some of which are very useful today. The most important thing is that you form your economic policy perspectives around Church teaching, rather than the other way around. Unfortunately, there are far too many Catholics who insist on doing the latter. This episode is a response to them.
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The Levis talk about the importance of prioritizing family and reasons why doing so is so difficult in the modern world.
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Levi R and Levi B discuss agricultural policy, specifically tariffs and subsidies designed to benefit agricultural producers. Should countries protect their domestic agricultural industries? Do some policies go too far? The Levis discuss.
You can order "Economics for Helen" from IHS Press
Everything I Want to Do Is Illegal by Joel Salatin
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Levi R did a livestream with Anthony Stine of the YouTube Channel Return to Tradition. This episode is the audio from that conversation. Please enjoy!
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Levi R interviews John DeRosa, host of the Classical Theism podcast on the problem of evil and suffering. We talk a lot about the need for sacrifice today, but what are the intellectual and theological foundations of sacrifice? Why do we have to live in a world with evil and suffering?
Classical Theism Podcast Website
Talking Points
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NOTE: I made an error regarding Fr. Pesch's book. The IHS book is a direct translation of Pesch's Ethik and Volkswirtschaft.
Levi R lays out a few definitions of usury and speculates about possible effects of banning usury today.
Show notes:
Usury in Christendom - Hoffman
Usury FAQ - Zippy Catholic (RIP)
Ethics and the National Economy - Fr. Pesch (kindle)
Vix Pervenit - Pope Benedict XIV
Catholic Economics: Debt and Usury - Levi Russell
Compound Interest Video
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Levi R reads chapters 2 and 3 of Ethics and the National Economy by Fr. Heinrich Pesch, S.J.
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Isaac and the Levis discuss minimum wage policy, its effects, and alternatives like the family wage. Is government policy sufficient to ensure a just wage or does society itself need to be reformed.
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Levi R interviews Charles, an autodidact theologian on the issue of God and fatherhood. Can we know God if we don't know what a good father is? Can we be good fathers without knowing God? Charles answers these questions in a compelling, Thomistic fashion. This is a must-listen!
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Levi R reads chapter 6 of Fr. Heinrich Pesch's book Ethics and the National Economy, which can be purchased here.
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Levi R replays a lecture he recently gave via YouTube livestream to the Canis Society. He lays out a positive case for economic policies based on Catholic Social Teaching.
Lecture Notes
Original lecture stream
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Levi B and Levi R discuss Levi B's recent participation in a pro-life march in Edmonton, Alberta.
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Isaac and Levi R discuss the importance of understanding humility properly. It is not weakness and it is not self-deprecating. How should men act humbly in accordance with their masculinity?
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Levi B and Levi R discuss strategies for pushing back against the dominant cultural narrative that infantilizes and disrespects fatherhood.
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Levi R and Isaac interview Brian Kemple, PhD about his new venture Continuum Philosophical Insights
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Levi R and Levi B discuss the reasons they don't like pets. Rest assured that the other half of Trad Dads don't agree with them and you'll be hearing from them on this topic soon!
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Within the small group of commentators and prospective politicians who question the liberal economic consensus, there are some significant differences. In this episode, Levi talks about the differing perspectives on automation using Ben Shapiro's interviews with Andrew Yang and Tucker Carlson.
Yang and Shapiro
Tucker and Shapiro
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Isaac and Levi discuss Rerum Novarum and the basics of Catholic Social Teaching.
Show Notes:
Rerum Novarum
Series on Catholic Economics
Quadragesimo Anno
Isaac on the Family Fun Pack
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Levi and Levi discuss how they manage their own children's use of devices and screen time. They provide advice on goals and the key component of screen time management. In their discussion, they separate device management for young kids from device management for teens.
Tucker Carlson on Young Teens' Use of Cell Phones
The Light Phone
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In this episode, Levi Russell discusses the economics and ethics of the "buy local" movement. Though many economists oppose this idea on theoretical grounds, there are good reasons, even theoretical ones, to buy local.
Trad Dads
Show notes:
Article - Criticisms of "Buy Local" Don't Make Economic Sense - Levi Russell
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