Jesuits for a free market

Blithe Spirit

Free-market thinking seems to have got its start not with Adam Smith and his fellow Scots but with Dominicans and Jesuits at the U. of Salamanca in the 15th century.

Just price? The market decides that, etc. Such stuff does the social justice mantra in, or defines it in ways the world doth not dream of in these post-Marxist days . . .

Jesus Huerta de Soto has good material at Mises.com:

“We believe in free markets and free people,” he says, addressing a Mises Institute conference.
We stand for free trade and sound money; against confiscatory taxation and the oppression of collectivists; and for individual autonomy against dictators, bullies and even the tempers of momentary majorities.

“So does this have anything to do with the Jesuit Luis de Molina?” asked Penny Ziemer Ford in reply to my Facebook posting.

Yes indeed.  Consider this from the Acton Institute

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The pope’s opposition to early Jesuits on the free market

Martin Marty, softly, on the pope and income inequality.

Worth a read, as always, but age-old biblical concern for the poor raises the question about what system benefits them more. This can be argued and conclusions can be verified. It’s just too bad the pope came down hard on the free market, as if an apostolic exhortation is where one announces one’s decision in the matter.

He might at least have noted the Salamanca Jesuits (and Dominicans), early champions of the market as leading us to do the right thing. About which I threw in my two cents a few years back

Pension bill a first step, says NW Herald

Oak Park Republicans

Tom Cross, running hard for treasurer, sends on a link to the Northwest Herald, all about the pension bill just passed, where we read:

If the pension reform bill passed Tuesday by the Illinois General Assembly was a first step in a series of reform measures still to come, wed hail it as a small victory for taxpayers and the state.

Unfortunately, we fear that in the minds of Gov. Pat Quinn, Speaker Michael Madigan and Senate President John Cullerton, this weeks reform effort is the only step, which it cannot be if Illinois is to right its fiscal ship….

I catch the drift and like it, but haven’t time to register as a signed and sealed reader, which you can do for more of this. Sorry.

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Hayek and the “mirage of social justice”

The kind of justice that is so frequently mentioned by Catholic prelates and other preachers.

“I am certain that nothing has done so much
to destroy the juridical safeguards of individual freedom
as the striving after this mirage of social justice.”

When is the last time any of us heard a sermon about political freedom? It’s just not high in preachers’ priorities. They are timid about it.

Bruce Rauner on Pension Vote

Oak Park Republicans

masthead.jpg
For Immediate Release
December 3, 2013
Contact: Mike Schrimpf
(312) 720-1111

Bruce Rauner Statement on Pension Vote: [boldface and bracketed material added]

Springfield politicians today voted to slap a small bandage on an open wound. [Wall St. Journal quoted this]

While it may help them temporarily feel better, it does little to fix the real problems facing Illinois.

The pension system remains broken and badly underfunded. State spending has never been higher, or less productive.

Another tax hike is looming around the corner. State government is in desperate need of reform. Our economy continues to suffer, and far too many Illinoisans remain out of work.

The fact is after decades of career politicians running things in Springfield, expectations of what Illinois can accomplish are far too low. We can and must do better. I’ll shake things up in Springfield and deliver results that will…

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