Braking Badly by J Douglas Johnson
touchstonemag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from touchstonemag.com Daily Mail and Mail on Sunday newspapers.
What The Enduring Tension Can Teach Us about the Core Institutions of Our Civilization
cei.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cei.org Daily Mail and Mail on Sunday newspapers.
A “storm” swept through the US government bond market on Friday, sending a key measure of long-term borrowing costs to the highest level since last February.
Treasuries dropped in overnight trading after a large sale of long-dated bond futures in Asia, according to people familiar with the matter. Yields on the benchmark 10-year note, a key marker across global asset markets, jumped to 1.63 per cent, having traded around 1.53 per cent the day before.
Analysts said the scale of the move underscored how jittery the $21tn market had become against the backdrop of a more robust economic rebound. Treasuries are the biggest and deepest market in the world, something that typically insulates it from sharp rises and falls in prices.
Book Review: ‘The Enduring Tension: Capitalism and the Moral Order’
One of the selling points for those who embrace far-left progressivism and even socialism is the “morality” of redistributing income and even wealth from productive, hard-working Americans to others.
Opponents of these tried-and-failed philosophies can cite the empirical numbers, demonstrating that the outcomes of states and nations that have moved toward socialism have botched their economies and harmed their societies. But what about the morality of their plans, and how best to defeat the far left and move toward a vibrant economy and properly-ordered government?
Brooklyn-raised professor Donald J. Devine has written a persuasive case and political road map for re-invigorated capitalism in “The Enduring Tension: Capitalism and the Moral Order.” Expanding on his 2015 essay of the same name, Devine sets out the case that capitalism and freedom are the philosophies most compatible with virtually all sen