Improving economic policy is a key component of building a just society. Though Catholic Social Teaching has a lot to say about economic policy, there are relatively few outlets discussing the rich and beautiful tradition of economic theory and policy provided to us by the Church. Join economist Dr. Levi Russell as he discusses economic concepts and current events through the lens of Catholic Social Teaching.
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Building the Gen Z Household - Live Presentation (01:19:42)
This is a talk given in February of 2025 to Catholic college students. The talk focuses on the growing popularity of traditional gender roles in the household and defends them from Catholic theological and practical perspectives. Some financial education on home buying and dual vs single incomes is offered at the end. The speaker's wife is also present and gives some commentary.
Gen Z housing issues
https://www.theepochtimes.com/article/laden-with-debt-gen-z-faces-daunting-housing-market-5678453
House market data
https://fred.stlouisfed.org/series/CSUSHPISA
https://fred.stlouisfed.org/series/MORTGAGE30US
https://x.com/nickgerli1/status/1810708874699190421
https://x.com/nickgerli1/status/1812833751547654449
https://x.com/wolfofwolfst/status/1811116115462082824
GDPnow forecast
https://www.atlantafed.org/cqer/research/gdpnow
ESG in decline in board rooms
https://www.ft.com/content/1089ff59-47b9-41a2-83b1-98a205587b23
Beef Markets & A Bad Jobs Report | OETW Ep. 8 (00:25:27)
This week I cover the current dynamics in the beef market and the most recent US jobs report. Links below!
https://www.fb.org/market-intel/u-s-cattle-inventory-smallest-in-73-years
https://droughtmonitor.unl.edu/Maps/CompareTwoWeeks.aspx
https://x.com/VanceGinn/status/1809226331873529904
https://x.com/DontWalkRUN/status/1809218363966599242
https://x.com/zerohedge/status/1809209312922759236
https://www.atlantafed.org/cqer/research/gdpnow
Our Economy This Week | Ep. 7 (00:47:07)
This is the first episode back! I'll publish an episode every weekend
covering the most important economics stories. Below you'll find sources
you can read yourself. Please leave any suggestions or questions in the
comments! You can also find the show in audio format on Spotify or
(coming soon) on your favorite podcast app.
Atlanta Fed GDPnow Forecast
https://www.atlantafed.org/cqer/research/gdpnow
The Net Zero Agenda Threatens Your Future Clothing Purchases
https://www.realclearmarkets.com/articles/2024/06/29/the_net_zero_agenda_threatens_your_future_clothing_purchases_1041046.html
BP halts hiring, slows renewables roll-out to win over investors
https://www.reuters.com/business/energy/bp-halts-hiring-slows-renewables-roll-out-win-over-investors-2024-06-27/
Numbers Don't Lie (on the energy transition that isn't)
https://www.zerohedge.com/energy/numbers-dont-lie
46% of EV owners want to go back to gasoline cars
https://x.com/4AmericanEnergy/status/1806001308207616479
The Chevron Doctrine Runs Out of Gas
https://www.newsweek.com/chevron-doctrine-runs-out-gas-opinion-1919028
Most Employment Growth Since Pandemic Has Gone to Immigrants
https://cis.org/Camarota/Most-Employment-Growth-Pandemic-Has-Gone-Immigrants
Housing Market Update: Monthly Payments Set New Record
https://www.redfin.com/news/housing-market-update-mortgage-payments-record-high-inflation-report/
Tractor Supply and consumer sovereignty
https://x.com/robbystarbuck/status/1806423481283924210
Council for Inclusive Capitalism & an Announcement | Ep 78 (00:12:28)
What is the "Council for Inclusive Capitalism with the Vatican?" I give my thoughts and announce the end of the podcast.
As always, please let me know if you have comments or questions.
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Contact me via email: lrussell[at]leoinstitute[dot]org
Interview on Distributism with John Fisher 2.0 | Ep 77 (01:16:17)
I hope you enjoy this interview with John Fisher 2.0! He's a sharp guy just getting his YouTube channel started.
Check out his channel for some great interviews and debates!
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Contact me via email: lrussell[at]leoinstitute[dot]org
Review of Catholic Econ Roundtable | Ep 76 (00:32:23)
Recently the Reason and Theology podcast hosted a roundtable discussion on Catholic economics.
Anthony Fernandez, the director of the Leonine Institute for Catholic Social Teaching joins me to discuss!
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What to Expect from Yellen at the Helm of the Treasury | Ep 75 (00:23:06)
Now that Janet Yellen is back in the halls of power, what policies will she be pushing from her post at the Treasury?
Summary of Seattle $15 min. wage study
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Can Cooperatives Run Healthcare? | Ep 74 (00:19:59)
I discuss the possibility for cooperatives to reform healthcare in the U.S.
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Jesus Wasn't a Socialist | Ep 73 (00:14:17)
Was Jesus a socialist? This oft-shared meme is dead from the neck up. I explain from the perspective of political theory and economic policy.
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Teaching CST in CCD? | Ep 72 (00:15:46)
Should we be teaching concepts like solidarity, subsidiarity, common good, the universal destination of goods, and other components of Catholic Social Teaching to Catholic youth? If so, how do we do it? What challenges might such a CCD teacher face? I put these questions to you and give my brief thoughts. I also explain my recent absence from the show.
Thoughts on Fratelli Tutti | Ep 71 (00:23:15)
I give my brief thoughts on Pope Francis' latest encyclical Fratelli Tutti.
Washington Examiner piece
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Essential Reading: The Industry Council Arrives in America - RJ Ederer (00:31:00)
I read a short paper by economist Rupert J. Ederer, the man who translated Pesch's work into English. Writing in 1961, Ederer discusses the spontaneous creation of so-called industry councils that bind together the interests of management and labor.
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Critics of Pope Francis on Usury | Ep 70 (00:22:15)
Pope Francis has emphasized usury to a greater degree than recent popes. How are liberal capitalists coping with this? What lessons can we learn about our own ideology and the social teaching of the Church from their responses?
Leonine Institute paper on usury
Acton blog post on Pope Francis & usury
Pope Francis on usury 1 & 2
Pope Benedict on usury
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Essential Reading: My Journey into Solidarism - R.J. Ederer (00:28:18)
What brought economist Rupert J. Ederer to Heinrich Pesch's solidarism? What motivated him to translate the Lehrbuch? I read his short note on the effect Pesch's work had on his life as an economist.
My Journey into Solidarism - R.J. Ederer, Catholic Social Science Review, Vol. 3, 1998, pages 79-88
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Dr. E. Michael Jones on Reason and Obedience | Ep 69 (00:34:53)
Dr. Jones joins me to discuss the use of our reason as it relates to obedience to the Church and the State. We cover several recent topics including the 'rona, Pope Francis, and international trade.
Check out Dr. Jones' latest book Logos Rising
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Essential Reading: The Pope's "Treasure" and Neoliberalism by R. J. Ederer (00:27:58)
Economist Rupert J. Ederer explains the relationship between the social teaching of the Church and neoliberal economics.
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Isaac Miller on The Left's Ignorance of Subsidiarity | Ep 68 (00:31:26)
Isaac Miller joins me to discuss his piece in the inaugural issue of Social Justice Quarterly, the magazine of the Leonine Institute for Catholic Social Teaching.
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Our Economy This Week | Ep 6 (00:19:28)
Stimulus bill, Fed's new perspective on inflation, Q3 GDP forecast, and a continuing resolution to fund the gov't through Dec 11th.
Fed's new monetary framework
GDPNow Forecast
Continuing resolution to fund the government
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Essential Reading: Review of The Church and the Market by R.J. Ederer (01:09:22)
This week I'm reading Dr. Rupert J. Ederer's (lengthy) review of Tom Wood's 2005 book "The Church and the Market." Woods' book is popular among Catholics who feel the need to defend liberal capitalism against the criticisms of the popes.
Economics for Dummies - Rupert J. Ederer reviews "The Church and the Market"
http://culturewarsmagazine.com/2005/Ederer.html
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The Child Care Tax Credit is Anti-Family | Ep 67 (00:16:55)
The Child and Dependent Care Tax Credit incentivizes parents to work outside the home, increasing the pernicious effects of the two income trap in our society. What are the details of this credit and what should we do to replace it?
Brief explanation of the Child Care Tax Credit
https://www.taxpolicycenter.org/taxvox/simplifying-child-care-tax-benefits
Full explanation of child tax credits
https://taxfoundation.org/child-tax-credit/
Some links to economics journal articles on the child care tax credit:
https://www.researchgate.net/publication/24126077_On_the_Progressivity_of_the_Child_Care_Tax_Credit_Snapshot_versus_Time-Exposure_Incidence
https://www.researchgate.net/publication/24094651_Child_Care_Costs_and_Family_Labor_Supply
http://www.ntanet.org/NTJ/44/4/ntj-v44n04p519-28-child-care-credit-progressive.pdf
https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-5890.2000.tb00581.x?casa_token=u64F7VPZ_PwAAAAA%3AFJt7vGBuRMt6X2fhYtrqmOrV-YILCzKLYdr3w-zuxZId0KQf3lNX3l_ICZJu9bbx2GViEAvGi-If_2tF
https://www.mitpressjournals.org/doi/abs/10.1162/003465397556467?casa_token=usHVo4gTVTQAAAAA%3Aux3i2xBruIhipJ0zB-uXkef4g3ZNuFovwoLZUA1CLPMs0ky6JlN9ONZI17BvC-7kvzJ0vyuluNg4&journalCode=rest
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