Anemic Growth: What Can We Do?

From 1950 to 2000, the U.S. economy grew at an average rate of 3.5% per year. Over the past 15 years, it has grown at only 1.7% on average. Today, output per person is around $50,000 per person, up from $16,000 per person in 1950. Had it grown by only 2% for that entire period, per person output would be only $23,000.

Growth is important. It allows us to live better over time. Since 1950, our life span has increased by 10 years, our environment is cleaner, we are healthier, we have better access to education and many more choices in the department stores and on the internet to make our lives more fulfilling. But, if growth continues to remain below 2% as it has over the past dozen years, our children and grandchildren will not enjoy the increase in wealth that we have experienced.

Krason: “1965: The Dawn of Our Current Age.”

Dr. Stephen Krason, professor of political science and legal studies, writes about the significant happenings during and around the year 1965 and their long-term impact on our culture.

Different writers here and there have talked about 1965, fifty years ago, as a year of transition. It was a year in America when trends came into focus, culture was altered, and life changed—politically, socially, culturally, morally, and in the Catholic Church. Perhaps historian James T. Patterson provided the most detailed elaboration on these developments and their implication for the country in his bluntly titled book from a song of the time, The Eve of Destruction: How 1965 Transformed America.

Read the whole thing at Crisis Magazine.

A Free Market Solution to the Indiana Religious Freedom Controversy

<!–wedding cake–>Suppose I am the owner of a bakery and catering company in San Francisco, California. As a practicing Catholic, I cannot in good conscience allow my catering business to serve same-sex weddings. Of course, there is a high population of gays and lesbians in San Francisco and my business will lose out on revenue and thus be harmed because of my discrimination. Most other bakeries in the city will not discriminate, so my business will suffer as a result.