Moral hazard occurs when an agreement people make to act in concert for their mutual benefit results in an incentive for one of them to act immorally. The classic case is insurance. When an insurance company contracts with a homeowner … Continue reading
Richard M. Weaver (1910-1963) was one of many conservative intellectuals who took on the task of expressing a conservative political philosophy in the wake of the Second World War and the resulting advent of the Cold War. They all sought … Continue reading
Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. In this latest edition, we interview the chair of the department of economics at Grove City College and fellow for economic theory & policy … Continue reading
The Fed did it again! Mr. Bernanke announced another huge round of bond buying, but what will “QE3” mean to the average Joe and Jane on Main Street USA? Chair of the department of economics at Grove City College and … Continue reading
On Tuesday, May 8, 2012, chair of the department of economics at Grove City College and fellow for economic theory & policy with The Center for Vision & Values—Dr. Jeffrey Herbener—testified before the House Financial Services Subcommittee on Domestic Monetary … Continue reading
The Bush administration subjected us to a deluge of fiscal and monetary expansion, the likes of which we haven’t seen since the 1960s. The federal budget ballooned 112 percent from $1.86 trillion in 2001 to a projected $3.94 trillion in … Continue reading
Editor’s Note: The “V&V Q&A” is an e-publication from The Center for Vision & Values at Grove City College. Each issue will present an interview with an intriguing thinker or opinion-maker that we hope will prove illuminating to readers everywhere. … Continue reading
The Pastor of the Holy Trinity Lutheran Church in Grove City, James Seeley, who presided over the memorial service for Hans Sennholz on June 26, 2007 took note of his outstanding qualities. He was indeed a great teacher, having instructed … Continue reading
Nothing exposes the ignorance or insincerity of policy makers more than support for the minimum wage. If wages could be set by government decree, then why stop at paltry $7.15 an hour as the Pennsylvania house recently did, and wouldn’t … Continue reading
(Download the PDF white paper here.) Editor’s note: Jeffrey M. Herbener, Ph.D. is a fellow for economic theory and policy at The Center for Vision & Values. He is a professor of economics and chair of the economics department at Grove … Continue reading
CVV Inaugural Conference The Road From Poverty to Freedom: A Look Backward and Forward at the War on Poverty (Sticht Lecture Hall in the Hall of Arts and Letters) “The Bad Effects of Good Intentions: Why the Welfare State Inevitably … Continue reading
The bankruptcy of the activist view of government is in full bloom again, thanks to the John Kerry campaign. For starters, Kerry promised to raise the minimum wage. Even if Kerry is an Economics 101 dropout, one would think that … Continue reading
