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Catholic Economics

Catholic Economics

By 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.
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Thoughts on Fratelli Tutti | Ep 71
I give my brief thoughts on Pope Francis' latest encyclical Fratelli Tutti. Washington Examiner piece Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
23:15
October 28, 2020
Essential Reading: The Industry Council Arrives in America - RJ Ederer
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.  Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
31:00
October 24, 2020
Critics of Pope Francis on Usury | Ep 70
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
22:15
October 21, 2020
Essential Reading: My Journey into Solidarism - R.J. Ederer
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
28:18
October 15, 2020
Dr. E. Michael Jones on Reason and Obedience | Ep 69
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
34:53
October 12, 2020
Essential Reading: The Pope's "Treasure" and Neoliberalism by R. J. Ederer
Economist Rupert J. Ederer explains the relationship between the social teaching of the Church and neoliberal economics. Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
27:58
October 8, 2020
Isaac Miller on The Left's Ignorance of Subsidiarity | Ep 68
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. Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
31:26
October 6, 2020
Our Economy This Week | Ep 6
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
19:28
October 4, 2020
Essential Reading: Review of The Church and the Market by R.J. Ederer
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
1:09:22
October 4, 2020
The Child Care Tax Credit is Anti-Family | Ep 67
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
16:55
October 1, 2020
Essential Reading: Ethics & the National Economy Chapter 11
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. Purchase Fr. Pesch's book here http://loretopubs.org/ethics-and-the-national-economy.html Support this show's sponsor, CabinRugs.com! Home of the largest collection of Cabin, Native American, and Mesa-Inspired Rugs online. Made in the USA! Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
33:08
September 24, 2020
Silicon Valley Isn't Maximizing Profit | Ep 66
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   Support this show's sponsor, CabinRugs.com! Home of the largest collection of Cabin, Native American, and Mesa-Inspired Rugs online. Made in the USA! Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
22:33
September 22, 2020
Our Economy This Week | Ep 5
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 Support this episode's sponsor, CabinRugs.com! Home of the largest collection of Cabin, Native American, and Mesa-Inspired Rugs online. Made in the USA! Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Follow me on social media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Contact me via email: lrussell[at]leoinstitute[dot]org
31:33
September 19, 2020
Essential Reading: Ethics & the National Economy Chapter 10
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 Support this show's sponsor, CabinRugs.com! Home of the largest collection of Cabin, Native American, and Mesa-Inspired Rugs online. Made in the USA! Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
30:57
September 17, 2020
William Briggs on Corona Data and Statistical Theory | Ep 65
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! Home of the largest collection of Cabin, Native American, and Mesa-Inspired Rugs online. Made in the USA! Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
45:52
September 15, 2020
Our Economy This Week | Ep 4
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Contact me via email: lrussell[at]leoinstitute[dot]org
22:46
September 13, 2020
Essential Reading: Ethics & the National Economy Chapter 6
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 Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
27:41
September 10, 2020
Subsidiarity in History: Apprenticeships | Ep 64
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/ Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
27:26
September 9, 2020
Our Economy This Week | Ep 3
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 Support this Show's Sponsor! Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Contact me via email: lrussell[at]leoinstitute[dot]org
28:06
September 5, 2020
Our Economy This Week | Ep 2
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/ Support this Show's Sponsor! Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/CatholicEcon https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
32:23
August 29, 2020
Subsidizing Automation - Blessing or Curse? | Ep 62
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 Support this Show's Sponsor! Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow Me on Social Media! https://twitter.com/CatholicEcon    https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/    https://twitter.com/leoinstituteCST    https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
26:19
August 27, 2020
Our Economy This Week | Ep 1
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 Support this Show's Sponsor! Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media!  https://twitter.com/CatholicEcon   https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching!  https://leoinstitute.org/   https://twitter.com/leoinstituteCST   https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
28:04
August 22, 2020
Chancellor Dollfuss's Constition | Ep 61
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 Support this Show's Sponsor! Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings Support the Show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/CatholicEcon   https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/   https://twitter.com/leoinstituteCST   https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
40:21
August 19, 2020
Analyzing Recent Macroeconomic Data | Ep 60
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. Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/CatholicEcon   https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/   https://twitter.com/leoinstituteCST   https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
37:50
August 16, 2020
Smart Economic Policy in Germany | Ep 59
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. Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings  Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/CatholicEcon   https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/   https://twitter.com/leoinstituteCST   https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
31:55
August 7, 2020
Hayek's Road Rage | Ep 58
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! Colette's Carvings Devotionals and Decor from our home to yours! https://www.etsy.com/shop/ColettesCarvings  Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast Follow me on social media! https://twitter.com/CatholicEcon   https://www.facebook.com/Catholic-Economics-100261271752942 Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/   https://twitter.com/leoinstituteCST   https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857 Contact me via email: lrussell[at]leoinstitute[dot]org
18:25
August 1, 2020
Understanding Just Price | Ep 57
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 Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast   Follow me on social media! https://twitter.com/CatholicEcon   https://www.facebook.com/Catholic-Economics-100261271752942   Check out the Leonine Institute for Catholic Social Teaching! https://leoinstitute.org/   https://twitter.com/leoinstituteCST   https://www.facebook.com/Leonine-Institute-for-Catholic-Social-Teaching-110045363806857   Contact me via email: lrussell[at]leoinstitute[dot]org
24:05
July 27, 2020
A Family Wage Policy | Ep 56
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 Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast
24:34
July 17, 2020
Responding to Critics on Usury | Episode 55
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  Support the show! Patreon: http://patreon.com/catholiceconomics Subscribestar: http://subscribestar.com/Catholic-Economics-Podcast
19:51
July 10, 2020
Using Data to Make the Case for a Just System | Ep 54
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
27:24
July 3, 2020
Is There a Catholic Case for Capitalism? | Ep 53
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
20:15
June 29, 2020
Update and New Name
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!
05:55
June 24, 2020
On the Horn vs Rocha Debate | Ep 51
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
13:25
June 18, 2020
Review Preview: Can a Catholic Be a Socialist? by Horn and Pakaluk | Ep 50
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
20:28
June 9, 2020
On Catholic Investing | Ep 49
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
30:10
May 27, 2020
Cities - Problems and Solutions | Ep 48
A city-dwelling Catholic joins me to discuss the problems American cities have and the ways we can solve them.
47:53
May 22, 2020
About Cars | Ep 47
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
37:47
April 18, 2020
An American Central Bank | Ep 47
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
20:34
April 9, 2020
Price Gouging and the CCP Virus | Ep 46
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?
17:07
April 4, 2020
Open Borders is a Risky Policy | Ep 45
I discuss the policy of open or lightly regulated borders with respect to the recent CCP Virus outbreak. Free Trade is Risky | Ep 44
15:15
March 22, 2020
Free Trade is Risky | Ep 44
I discuss the economics of free trade in the context of the liberal worldview. Free trade is an obvious policy, until something goes wrong.
29:22
March 19, 2020
CDF's Document on Financial and Economic Issues | Ep 43
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
47:14
March 15, 2020
Risk Uncertainty and Coronavirus | Ep 42
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
33:50
March 9, 2020
The Just Price and Salamanca | Ep 41
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
21:14
March 1, 2020
Trent Horn's Catholic Critique of Socialism | Ep. 40
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
19:11
February 7, 2020
Externalities and Moral Judgments | Ep 39
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
24:39
February 1, 2020
Clarifying Vix Pervenit on Usury | Ep 38
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)
24:26
January 28, 2020
Bonus: Vix Pervenit - Encyclical On Usury
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
15:00
January 21, 2020
Anthony Stine on the Minimum Wage & Gig Economy | Ep 37
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
34:30
January 18, 2020
Fixing the Gig Economy | Ep 36
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
19:03
January 6, 2020
Jobs vs GDP in the Manufacturing Debate | Ep 35
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
21:28
December 18, 2019
On Homeschooling | Ep 34
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
49:31
December 12, 2019
Libertarian Analysis of CST | Ep 33
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
27:44
December 4, 2019
Response to Left Wing Critics of CST | Ep 32
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?
16:01
November 7, 2019
Labor Economics & Policy | Ep 31
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
24:14
November 3, 2019
Promoting Cooperatives | Ep 30
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
22:13
October 26, 2019
Did Liberalism Give Us Prosperity? | Ep 29
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!
40:49
October 17, 2019
On Mandatory Paid Parental Leave | Ep 28
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
22:08
October 8, 2019
Social Security | Ep 27
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
21:23
October 5, 2019
Economies of Scale - A "law" of economics? | Ep 26
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?
23:15
September 28, 2019
Tariff Primer and Our Trade War with China | Ep 25
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
27:57
September 18, 2019
The Mechanics and Economics of Social Media | Ep 24
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?
30:19
September 4, 2019
Community-Focused International Trade Policy | Ep 23
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)
20:58
August 29, 2019
Anti-Anti-Distributism | Ep 22
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.
35:24
August 21, 2019
Family vs Rugged Individualism | Ep 21
The Levis talk about the importance of prioritizing family and reasons why doing so is so difficult in the modern world.
55:56
August 7, 2019
Should We Protect Agriculture? | Ep 20
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
46:21
August 1, 2019
The Common Good | Ep 19
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!
1:00:33
July 25, 2019
John DeRosa on the Problem of Evil and Suffering | Ep 18
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
37:30
July 17, 2019
Primer on Usury | Ep 16
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
39:52
July 3, 2019
Pesch on the State and the Economy | Ep 15
Levi R reads chapters 2 and 3 of Ethics and the National Economy by Fr. Heinrich Pesch, S.J.
34:52
June 26, 2019
The Minimum Wage | Ep 14
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. 
42:20
June 19, 2019
Godly Fatherhood | Ep 13
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!
35:24
June 12, 2019
Heinrich Pesch on the Just Price | Ep. 12
Levi R reads chapter 6 of Fr. Heinrich Pesch's book Ethics and the National Economy, which can be purchased here.
25:15
June 6, 2019
Mere Catholic Economics | Ep 11
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
46:25
June 1, 2019
Men's Role in the Pro-Life Movement | Ep. 10
Levi B and Levi R discuss Levi B's recent participation in a pro-life march in Edmonton, Alberta.
18:38
May 24, 2019
Can You Be Humble and Masculine? | Ep 9
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?
20:15
May 15, 2019
Homer Dads - Being a countercultural father | Ep 8
Levi B and Levi R discuss strategies for pushing back against the dominant cultural narrative that infantilizes and disrespects fatherhood.
25:41
May 9, 2019
Brian Kemple - Continuum Philosophical Insights | Ep 7
Levi R and Isaac interview Brian Kemple, PhD about his new venture Continuum Philosophical Insights
45:54
April 30, 2019
The Anti-Pets Episode | Ep 6
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!
33:15
April 22, 2019
Andrew Yang vs. Tucker Carlson | Ep 5
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
19:53
April 19, 2019
Overview of Catholic Social Teaching | Ep 4
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
55:12
April 15, 2019
Kids' Tech Use | Ep 3
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
29:55
April 10, 2019
Why You Should Buy Local
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
23:04
April 4, 2019