John Horvat II 
The $18 trillion national debt is commonly used as a sign of the sad state of the American economy. However, America is not alone in its debt woes. If misery loves company, then America has plenty, with most major countries ringing up similar arrears. The world debt figure has now reached an … Read more
The European Union has adopted fiscal rules that require those who are in the eurozone to limit deficit spending to no more than three percent of any member nation’s gross domestic product (GDP). Unfortunately, the present Italian budget does not comply with these goals. However, there is no problem that is too … Read more
World copper prices are tumbling again and fingers are pointing at China’s ailing financial system. China is sitting upon huge stockpiles of copper that it uses not as a commodity but a financial instrument. This copper scheme that has seen price drop forty to fifty cents a pound since January is a … Read more
A review of the book: Financing the American Dream: A Cultural History of Consumer Credit by Lendol Calder To paraphrase Robert Frost, something there is that does not like a consumer loan. Indeed, for a long time the idea of such credit created a sensation of discomfort, insecurity and even shame. Americans … Read more
All across the nation, parents are reacting to a new educational program called Common Core. Under this program, national standards and testing are being set up for students which will eventually give rise to a core curriculum that will fundamentally change the way American children are educated. Many states and dioceses have … Read more
Every once and while, liberal myths explode onto the scene with great fanfare and then later fade into oblivion with a whimper. One example was the famous population explosion myth in the seventies, where the left was proclaiming the imminent destruction of mankind by the year 2000 due to overpopulation. They could … Read more
It is not often a book appears that forces the reader to change or challenge long held historic concepts and narratives. Harold Berman’s Law and Revolution: The Formation of the Western Legal Tradition is one such book. Magisterial in its development, prodigious in its documentation, brilliant in its insight, Berman’s 550-page work … Read more
It is difficult to get a handle on what exactly is happening in our troubled economy. Everyone feels the malaise but few know how to explain it. Some say the economy is getting slightly better; others say it is getting much worse. There is debt, unemployment and stagnation which some say is … Read more
As I was reading an article on an online news site, I chanced upon an advertisement for a beautiful Christmas tree. Indeed, it was an actual Christmas tree, not a holiday, winter or sparkle tree that celebrates some unknown winter solstice festivity. This letter unapologetically used the word Christmas and the tree … Read more
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A review of Infiltrated:How to Stop the Insiders and Activists Who are Exploiting the Financial Crisis to Control Our Lives and Our Fortunes (McGraw-Hill Professional, August 2013) by Dr. Jay Richards written by John Horvat II. All too often economic decisions are not determined by the facts on the ground but by … Read more