Rush Limbaugh Vs. the Pope
01/12/2014
I'm pretty sure it was 1992 when I first heard Rush Limbaugh, because I remember him talking about Bill Clinton's presidential campaign. It's hard for people who weren't around, and of conservative sympathies, at that time to understand how much fun it was when he came on the scene. Almost all the media, electronic and print, were conventionally liberal. There were a few token conservatives in the national media, like George Will, and there were the conservative magazines like National Review, but they were unheard outside the conservative ghetto. Suddenly there was this very irreverent and very prominent voice from the right, happily ridiculing all sorts of liberal persons and ideas that had always been treated with most solemn respect in the media. Limbaugh was witty and glib and didn't take himself too seriously, and was often rather insightful. I only heard him in brief snatches, if I happened to be driving around in the middle of the day when he was on. But I enjoyed what I heard.
The fun didn't last very long, though. I'm not sure whether Limbaugh got worse or I just got tired of him, but it seemed that bombast took over, and crude, often inaccurate and unfair, bludgeoning replaced wit. So within a few years I pretty much stopped listening to him, and have heard him only a very few times since then.
Not long after Evangelii Gaudium appeared, I read that Limbaugh had called it "pure Marxism." I thought that was pretty stupid, and wondered if that phrase was a fair representation of what he said, so I looked up the transcript. Yes, the Marxism quote was accurate and not unfairly pulled out of context. To extract and cite it was not even unkind, because the talk is such a rambling mess that one could hardly even mount an argument against it. I doubt very much that Limbaugh read more than a few snippets of EG; in fact it isn't clear that he read anything more than the news reports of it. But if he did read it, he's even dumber than the transcript makes him seem. I never took him for an intellectual but he did seem intelligent. If you want to bother reading the transcript, it's here. There's not a funny remark in it. And that is one ugly web site.
In fairness to Limbaugh, very few people can talk on the radio for 15 hours a week and hold an audience, much less avoid uttering inanities.
It is also indicative of starboard talk entering a fallow period.
You see rank and file Republicans throw around political terms like generic insults. "Obama Marxist Regime" is a nonsense phrase. Call him a Marxist, call him a jerk, call him a fag (the generic insult when I was in junior high school), call him a horse's ass (the generic insult my mother's contemporaries favored), what's the difference?
If the stupids have taken over popular talk.
Posted by: Art Deco | 01/12/2014 at 09:12 PM
Sure, he's very gifted at what he does, or at least he used to be. But gosh...even allowing for the fact that this is a transcript of a stream of extemporaneous talk, it's pretty poor.
It seems like maybe 80% or so of political debate nowadays is just "nyah nyah nyah." I hear a lot of very stupid and very nasty name-calling between Auburn and Alabama fans, and it occurred to me the other day that a great deal of political talk is pretty much the same sort of thing. Many exchanges would serve their purposes just as well if "Auburn" and "Alabama" were changed to "Democrat" and "Republican," or vice versa.
Posted by: Mac | 01/12/2014 at 11:07 PM
As a self-professed liberal I've never really listened to Limbaugh. But many years ago, would be circa 1998 as I remember where I was in my car, I happened to turn on the radio and he was speaking. He was ranting about some soccer player in South America who was gay and had done something terrible, I can't remember what. He made the remark that this was par for the course for soccer players, implying that all soccer players were evidently gay and vicious. I thought, "this is great, now what happens?", and of course people started calling in very upset. Upset because they loved him, but they also loved soccer! He wouldn't really come out and say he had misspoken, but said something like, "I guess I was painting with a broad brush". Anyway, that said, I try not to listen to any political talk on radio or TV. They are paid entertainers, trying to keep their sponsors and make money. They may not even believe what they say. It is hard to imagine, for instance, that Ann Coulter really believes everything she says. She makes Rush sound coherent and thoughtful!
Posted by: Stu | 01/13/2014 at 10:51 AM
It seems like maybe 80% or so of political debate nowadays is just "nyah nyah nyah." I hear a lot of very stupid and very nasty name-calling between Auburn and Alabama fans, and it occurred to me the other day that a great deal of political talk is pretty much the same sort of thing.
Yes.
I happened to turn on the radio and he was speaking. He was ranting about some soccer player in South America who was gay and had done something terrible, I can't remember what. He made the remark that this was par for the course for soccer players, implying that all soccer players were evidently gay and vicious.
I'm quite a fan of soccer, but this strikes me as rather hilarious. But I would probably get tired very quickly of that kind of thing.
Posted by: Louise | 01/13/2014 at 11:14 AM
Whether or not I thought it was funny would depend completely on what was said, the tone, etc. The fact that his own audience was upset suggests that he seemed to be serious.
But I have to say: hardly a day goes by that I don't read or hear something equally obnoxious from a liberal or an atheist about conservatives or Christians.
I haven't read anything by Ann Coulter for a long time. I used to read her stuff when I ran across it and it was often quite funny in a mean way. But it seemed to get more mean and less funny.
Posted by: Mac | 01/13/2014 at 01:22 PM
It is not just popular talk. I think Hugh Hewitt may maintain better standards. The thing is, there are various levels of discourse in any political tendency. The next step up would be opinion magazines, but they have all ceased publication or gone flat bar perhaps City Journal; it is hard to think of a prominent opinion journalist under the age of 45 who is engaging to read; Richard Lowry does not seem to be able to recruit any. Then there would be policy journals, but the two most salient, The Public Interest and Policy Review have ceased publication.
The concerns of the policy shops like AEI are often narrowly tailored and driven by pending legislation and I would wager there are fewer and fewer starboard voices in academe.
It just seems like a decadent period for the right.
Posted by: Art Deco | 01/13/2014 at 04:22 PM
No argument from me on that last point. Re Richard Lowry's personnel, I usually find Kevin Williamson entertaining. Offhand I can't think of anyone else there who is more than ok--I mean, the sort of writer I'll more or less automatically read just on the basis of his byline. I don't think I've ever heard Hewitt.
Posted by: Mac | 01/13/2014 at 05:04 PM
I was talking to a conservative friend, and he used to read NRO and I used to read the Spectator (English, not American), and now we don't read any political magazines. It's not that we have changed. It's that the fun has gone out of the writing. Same as with Limbaugh, I guess (I heard of him when I was in the States in 1995, but don't remember hearing him particularly).
Posted by: Grumpy | 01/13/2014 at 05:21 PM
I've sometimes told myself to quit reading them. So many transient alarms...it's not really worth the time and tension. I did give up my NR subscription several years ago, but I still read their web site. I don't feel any particular need or desire to give up the New Criterion, but it's not primarily political.
Posted by: Mac | 01/13/2014 at 05:29 PM
It's not that we have changed. It's that the fun has gone out of the writing.
And the fun may even have been it's power. I think it's good to laugh at the opposition. I mean those who oppose natural and divine law, not those who simply disagree about method etc.
Posted by: Louise | 01/13/2014 at 08:01 PM
It was certainly fun, twenty years ago, to hear Rush Limbaugh openly make fun of people like Jesse Jackson and NOW.
Posted by: Mac | 01/13/2014 at 08:59 PM
Richard Lowry's personnel, I usually find Kevin Williamson entertaining. Offhand I can't think of anyone else there who is more than ok-
The thing is, Buckley had a variegated and often engaging crew of contributors which included academics such as Erik v. Kuenheldt Leddihn. A dozen years ago, it looked as if National Review could continue in that vein. Nowadays, though, of Lowry's academics only Thomas Sowell (who is 83 years old) offers contributions with any degree of frequency and the humor writers he employed (e.g. Meghan Cox Gurdon and Florence King) are gone. The most engaging starboard writers now publishing (Megan McArdle and Ross Douthat) have had little or no association with the standing corps of opinion magazines. The younger employees over at National Review, most particularly the managing editor Lowry has employed for 10 years, are a vapid crew for the most part. Unlike other opinion magazines, NR has managed to maintain its circulation, but I would say it is eating its seed corn. You read the comment boxes over there (which have a large population of cranks, to be sure) and you discover something astonishing: the editor and his camarilla irritate the people who read their online edition.
Posted by: Art Deco | 01/14/2014 at 06:09 AM
I can easily believe it, Maclin.
Posted by: Louise | 01/14/2014 at 10:38 AM
Well, some of them. I guess, now that you mention it, more than is typical for a site like that. Many political sites that are known outside their own faithful seem to attract people who hate them, not only from the opposition but from other parties within the movement. A curious phenomenon.
I'm surprised to hear that NR has maintained its circulation.
I was sorry to see John Derbyshire go. I didn't care for his brand of conservatism, and sometimes it was appalling, but he was almost always interesting. His apolitical Straggler column was one of the things I missed when I dropped my subscription.
Posted by: Mac | 01/14/2014 at 10:38 AM
The trolls at National Review are a claque of adolescents. No, I mean professed supporters of something called 'conservatism' are dismissive of Lowry and National Review's central tendency, sometimes for good reasons, sometimes not.
The thing is, though, you read many of them and you realize something is deeply amiss among the attentive Republican rank-and-file. There is an intense culture of complaint which takes no interest in any kind of constructive policy adjustment and indulges in various sorts of magical thinking (such as the notion that the only institutional adjustments necessary are the repeal of the 16th and 17th amendments). Also, all politicians are contemptible bar the Tea partisan flavor-of-the-month (which is Ted Cruz at this time).
Posted by: Art Deco | 01/14/2014 at 01:04 PM
Yes, I was including both disgruntled right-wingers and lefty trolls in the group that frequents a site they don't like.
I think the phenomenon you describe (no interest in constructive policy, etc.) is always there, on both sides of the right/left fence. To some degree it's natural, in that the prospect of a simple and decisive solution is always appealing. It may be that it's worse now. It sort of makes sense that it would be, given the general movement toward polarization. On both right and left there's a sense of uncontrolled drift in a bad direction, and a consequent belief that what's needed is a dramatic and uncompromising change.
Posted by: Mac | 01/14/2014 at 02:10 PM
This observation is not calculated to increase my fan base! And maybe I'm wrong. Maybe there's no connection. But I think it's because there is no real good conservative thought out there, at least none that is well known, that's there's no influence of conservative thought on the Pope's political and economic thinking. Because, say what you like about Michael Novak, for instance, and I have to say I always liked The Spirit of Democratic Capitalism and admire the guy for writing it, he was an important influence on John Paul II. You can say that's bullshit I guess and get angry and say the neo-cons only pretended to influence the pope, or that they should not have done. That's not my point. Whether they should not or not, my observative is that there is no sufficiently interesting Catholic or Christian 'Starboard' thought (as Arty would say) out there to influence the Pope. And he only gets his ideas from stuff that's around. His ideas don't rain down from the sky. My point needn't be taken as an evaluation, though everyone who reads this site knows me well enough to know how I evaluate it. But my observation is simply that unless there is good Christian political thought out there, the pope won't be influenced by it.
Posted by: Grumpy | 01/14/2014 at 06:11 PM
Don't worry, your true fans will always stand by you.:-)
I'm not a neo-con despiser, btw, so your positives about Novak are not especially negatives to me. I have my disagreements with them but I don't think they're evil subversives, heretics, etc.
But as to your main point: it's not a subject I'm remotely expert in, but I think you're half-right, but only half. I think there is probably some stuff out there worth the pope's attention, but it isn't at a level of visibility to have come to his attention.
Posted by: Mac | 01/14/2014 at 07:11 PM
I did cover myself for that by saying, 'at least any that is well known'.
Posted by: Grumpy | 01/14/2014 at 07:57 PM
Well, I think the Pope in his pronouncements on the economy should stop speaking as if we have to re-invent the aeroplane. There is an engineering solutions that works passably toward certain ends (though not toward all ends). It needs some adaptations and refinements. The Pope might address how the Church's philanthropic activities might nest within institutions and what the personal obligations of communicants are.
Posted by: Art Deco | 01/14/2014 at 08:15 PM
I agree.
Posted by: Grumpy | 01/14/2014 at 09:11 PM
So you did (cover yourself). My bad.
I think there's a pretty big divide between those who see reform and gradual change of the existing order as the most viable path toward greater economic justice, and those who want to junk the existing machinery entirely and start over. I'm in the first camp. Some of the pope's rhetorical flourishes make it sound as if he's in the second, though I doubt that he actually is.
"The personal obligations of communicants" is one of the things I had in mind in the longer piece, wishing the pope would speak more concretely to the faithful on this question, rather than--no, make that in addition to--talking in terms of structures and systems.
Posted by: Mac | 01/14/2014 at 09:35 PM
"The personal obligations of communicants" is one of the things I had in mind in the longer piece, wishing the pope would speak more concretely to the faithful on this question, rather than--no, make that in addition to--talking in terms of structures and systems.
I think I almost wish he would speak more concretely to the faithful on this question, *rather than* talking in terms of structures and systems.
At any rate, I certainly am more interested in the former.
Posted by: Louise | 01/15/2014 at 09:21 AM
I think there's definitely a place for talking about structures and systems. Sometimes they really do embody sin in a very concrete way. Slavery, to pick an extreme example. But virtue and vice at the personal level logically precede that.
Posted by: Mac | 01/15/2014 at 09:49 AM
About Novak and the other pro-capitalism neocons, by the way: I thought at the time (20+ years ago) that they provided a needed corrective to the sort of soft socialism that tended to be the working model of Catholic talk about economic matters. But they had a tendency to err in the other direction, with a much too idealistic conception of how capitalism works. As I've often said, none of them seemed to have much knowledge of the actual business world--which is pretty much the same charge I'd make against many of their opponents.
Posted by: Mac | 01/15/2014 at 11:01 AM
Interesting that one of their critics, John Medaille, apparently has a fair amount of business experience. He's written that ISI book on distributism, but prior to that he'd done a book called The Vocation of Business in which he applies Catholic social teaching to the contemporary business world. I haven't read it yet, but I have it on request through I.L.L. There's a chapter available online which is quite the takedown of Novak.
Posted by: Rob G | 01/16/2014 at 07:36 AM
Interesting that one of their critics, John Medaille, apparently has a fair amount of business experience.
I think he's a real estate agent. That aside, one of his signatures is his emphatic insistence that contemporary economics is all nonsense. Wouldn't take him too seriously.
Posted by: Art Deco | 01/16/2014 at 09:18 AM
We'll see after I read the book. In the meantime, here's his chapter on Novak:
http://www.medaille.com/novak%20and%20capitalism.pdf
Posted by: Rob G | 01/16/2014 at 09:25 AM
I don't have a very high opinion of modern economics. Medaille is a real estate agent - or was. I'd like to read his book.
Posted by: Louise | 01/16/2014 at 10:17 AM
I think he also taught/teaches religion at the Univ. of Dallas.
Posted by: Rob G | 01/16/2014 at 10:59 AM
I have that ISI book (Toward a Truly Free Market?) but haven't read it. I read a chapter or two and it seemed pretty good, but I have a hard time making myself spend that much time reading about economics. Also, I've developed a bit of an aversion to Medaille because he's so snarky in other things of his I've read online. If you're going to do that, you need to be witty, and he wasn't.
Posted by: Mac | 01/16/2014 at 11:11 AM
Yes, he does have a bit of an attitude at times. It doesn't always show up but when it does it's somewhat off-putting.
Posted by: Rob G | 01/16/2014 at 11:28 AM
One specific thing I remember is a crude and not even funny sexual joke about Sarah Palin. That put him in the "don't bother" category for me as far as casual online stuff is concerned. Presumably he doesn't do that in the book.
Posted by: Mac | 01/16/2014 at 12:07 PM
I certainly hope not!
Posted by: Rob G | 01/16/2014 at 12:23 PM
I only had time to read a page or so of the document you linked to, but I already hit something I don't understand: "marginalism." Is that a technical economic term? Theological?
Posted by: Mac | 01/16/2014 at 01:15 PM
I know it's an economic term but I'm not sure about its exact definition. I think it has to do with the idea that values of goods & services are based on more than just their actual usefulness, but also on their marginal utility, which includes things like scarcity, tradability, etc. Not sure why he objects to it -- I assumed it was something that he must have discussed earlier in the book.
Posted by: Rob G | 01/16/2014 at 02:54 PM
Come to think of it, this could be why Medaille thinks "contemporary economics is nonsense." If it's all based on marginalism, as he seems to indicate, and he rejects marginalism, then he'd have to have fundamental disagreement with much if not all modern economics.
Posted by: Rob G | 01/16/2014 at 03:19 PM
Hmm. Well, I don't think I'll even venture an opinion on that. But here's the Wikipedia article.
Posted by: Mac | 01/16/2014 at 03:30 PM
"I know it's an economic term but I'm not sure about its exact definition."
"Marginalism" is not a term used in economics. "Marginal" is a modifier used, as in 'marginal utility' and 'marginal cost' and 'marginal productivity'. Its use in microeconomics mostly concerns the forces which theoretically determine prices, not the 'value' of something. I cannot imagine why Medaille finds it objectionable, but then my exchanges with the chap (and with Thomas Storck) have always been unilluminating.
The last time:
http://the-american-catholic.com/2010/09/05/on-populism-the-tea-party-and-politics/
Posted by: Art Deco | 01/16/2014 at 03:49 PM
"...the forces which theoretically determine prices, not the 'value' of something."
Just off the top of my head, I'm not too surprised to hear that they object to that. From what I know of Tom Storck's views, I can well imagine him wanting to put value in an absolute sense in first place.
Posted by: Mac | 01/16/2014 at 04:07 PM
Here is Th. Storck
http://distributistreview.com/mag/2013/05/aquinas-on-buying-and-selling/
I do not think the topic is worth much of the sort of attention he gives it.
Posted by: Art Deco | 01/16/2014 at 04:39 PM
~~"Marginalism" is not a term used in economics~~
The wiki piece that Mac linked indicates otherwise.
Posted by: Rob G | 01/16/2014 at 04:49 PM
Well, John certainly displayed a lot more patience with the anonymous "Art" than I ever have in my own disputes with the guy. As a fellow left distributist, he has my sympathy. And if he is to be dismissed because he earned his bread as a realtor then I obviously can be laughed off the stage as a letter carrier. Please. And yes, I am of the school that considers millionaire theologian Novak and his peers as apologists for an evil system and enemies of the poor and of the working class. But then I have evolved into something of a revolutionary, albeit one promoting a "revolution of tenderness" in Francis' lovely words...
Posted by: Daniel Nichols | 01/17/2014 at 12:03 AM
The wiki piece that Mac linked indicates otherwise.
Waal, I spent nearly 500 hours in lecture halls and seminar rooms suffused with this subject, not to mention the time spent poring over textbooks, scholarly articles, and working papers. I did so at three different institutions. I've never heard a working economist utter the term.
Posted by: Art Deco | 01/17/2014 at 05:44 AM
And if he is to be dismissed because he earned his bread as a realtor then I obviously can be laughed off the stage as a letter carrier. Please. And yes, I am of the school that considers millionaire theologian Novak and his peers as apologists for an evil system and enemies of the poor and of the working class.
"Real estate agent" is a banal descriptive term. Rob G said 'business experience' and 'real estate agent' describes it with specificity. I cannot imagine why it bothers you.
I am fascinated how you came by personal knowledge of Michael Novak's balance sheet. Novak is eighty years old and has since he left the seminary been employed as an opinion journalist and think-tank denizen. Generally, salaries in the philanthropic sector have more circumscribed boundaries than they do elsewhere. Novak's books are not the sort you make a pile out of. (Amy Welborn writes more popular literature than Novak; she once named the sum in royalties she usually receives from her apologetics series: around $14,000 per annum).
as apologists for an evil system and enemies of the poor and of the working class.
To which system are you referring?
Posted by: Art Deco | 01/17/2014 at 05:56 AM
"John certainly displayed a lot more patience..."
Yes, I was rather surprised that Medaille remained relatively unruffled even when being basically ganged up on. He held his own pretty well, I'd say, without becoming particularly snarky. He served better than he was served, that's for sure.
I've received word from the library that my ILL request for his book has been fulfilled, and the book has arrived. Hopefully I'll get a chance to look at it over the wknd and see what all this "marginalism" fuss is about.
Posted by: Rob G | 01/17/2014 at 06:33 AM
Here is the comment I was trying to post last night when the problem was happening. (And by the way I haven't read any of the things y'all linked to above, apart from skimming one thing as noted below. Maybe while I'm eating lunch today.)
Tom is a good guy, and he knows his stuff, and it's good that he is thinking through these things.
But I can't make myself read that piece. I skimmed it, but I just don't want to take the time to follow the argument in detail.
Moreover, as much as I sympathize with the broad goals of distributism, I often find myself thinking that distributists are building elaborate machinery (not castles) in the air that wouldn't work too well if you tried to bring it down to earth. There seems to be a suggestion (like I said, I only skimmed) that someone ought to have the authority to set just prices for everything. Hard to see that working out very well.
Posted by: Mac | 01/17/2014 at 06:57 AM
Yes, I was rather surprised that Medaille remained relatively unruffled even when being basically ganged up on.
He starts an argument, offers a number of unsupportable assertions, is obnoxious to various parties, and people responding to him with considerably more concision than he could manage constitute a 'gang'. Got it.
Posted by: Art Deco | 01/17/2014 at 07:32 AM
Btw, I think Daniel's "millionaire theologian" jibe refers to a prize that Novak won some years ago--the Templeton prize, maybe?
Posted by: Mac | 01/17/2014 at 09:32 AM
Art, that's certainly not how it reads to an outside observer. Maybe you're seeing through the fog of war, but he was far more charitable to his interlocutors than they were to him. And it's difficult to respond to every single counter-assertion when you've got 3 or 4 opponents increasing the number of them with every post.
Posted by: Rob G | 01/17/2014 at 10:02 AM
Maybe you're seeing through the fog of war, but he was far more charitable to his interlocutors than they were to him.
Yeah, such gems as
"Wow! What you said about economists is 10 times worse that what I said; I just said they were ignorant; you’re saying they’re stupid. And Art, if they couldn’t see this train wreck coming, I see no reason to take their word on trade, or taxes, or anything else. "
Please yourself, Rob.
Posted by: Art Deco | 01/17/2014 at 10:24 AM
Btw, I think Daniel's "millionaire theologian" jibe refers to a prize that Novak won some years ago--the Templeton prize, maybe?
It was a prize of 800,000 sterling awarded twenty years ago, when Novak was past 60. Presumably some of it went to the tax man. What his balance sheet looks like now depends on a number of unspecified ifs.
Posted by: Art Deco | 01/17/2014 at 10:34 AM
Ok, I read as far in that American Catholic exchange as the point where Medaille likens the Tea Party to the Nazis. That was far enough.
Posted by: Mac | 01/17/2014 at 12:52 PM
I always thought Medaille was a crashing bore. A real A1 saloon bar crasher.
Did I ever get an explanation of what 'secular stagnation' is?
Posted by: Grumpy | 01/17/2014 at 06:02 PM
[laughing]
He may be right or he may be wrong about abstract economic ideas, but the stuff about the Tea Party was enough to make me discount his appraisal of contemporary politics.
I don't think so. I'd forgotten about it. Something Art said, I think?
Posted by: Mac | 01/17/2014 at 07:02 PM
No I read the term 'secular stagnation' and I had never heard the word 'secular' used outside of a religious context. So with Art being the resident economics expert, I asked him.
Posted by: Grumpy | 01/17/2014 at 08:03 PM
I found it (the search function here sometimes actually works). It's in a comment on my first EG post. I'll just paste it in here for convenience:
"Art Deco: No, the comparison is very relevant. There is a secular trend in which labor is less physically taxing and hazardous.
Art, could you explain what 'secular' means in this context? I came across the term 'secular stagnation' a few weeks ago. I could not figure out what it means. I asked two other theologians, and like me, they had never heard the term 'secular' to have any other meanings than those that relate to religion. Obviously in latin, the saeculum is the world, so it could mean 'worldly' - but I do not know what 'worldly stagnation' is, or what a 'worldly trend' is. Please explain."
Posted by: Mac | 01/17/2014 at 08:20 PM
It just refers to evolution over time, with year-to-year static filtered out.
Posted by: Art Deco | 01/17/2014 at 08:28 PM
So it was here!
But what is a 'secular trend'? One that evolves over time? How could a trend not evolve over time?
Posted by: Grumpy | 01/17/2014 at 08:40 PM
Here's Webster's third definition for "secular":
a : occurring once in an age or a century
b : existing or continuing through ages or centuries
c : of or relating to a long term of indefinite duration
and here's its etymology:
Middle English, from Anglo-French seculer, from Late Latin saecularis, from saeculum the present world, from Latin, generation, age, century, world; akin to Welsh hoedl lifetime
and here's Investopedia on its use in economics:
An adjective used to describe a long-term time frame, usually at least 10 years. It is important for investors to identify secular trends in markets, not just short-term trends, if they want to succeed. Examples of secular trends include an aging population (which will tend to have different spending and savings habits than a younger population), the expansion of a particular technology (such as the Internet) and heavy reliance on certain commodities (like oil).
Posted by: Marianne | 01/17/2014 at 09:39 PM
The Templeton Prize was a cool million. And I figured that with all his enthusiasm for the virtues of the market that Mr Novak would have invested wisely. And he lived in Chevy Chase MD for very many years, one of the richest zip codes in the country, and now lives in Ave Maria Florida, a ghetto for affluent Catholics. He's doing fine, thank you. And if AD is the resident expert on economics for LODW....Yikes. Give me ten John Medialles any day.
Posted by: Daniel Nichols | 01/17/2014 at 09:56 PM
Well did you know what secular stagnation was? I did not.
Posted by: Grumpy | 01/17/2014 at 10:26 PM
No, and I am sure Mr Medaille does not either. In fact I rarely have any clear idea of what Mr Deco is saying, other than it is hostile to me.
Posted by: Daniel Nichols | 01/17/2014 at 10:29 PM
And if AD is the resident expert on economics for LODW....Yikes.
What's your precise complaint?
Posted by: Art Deco | 01/17/2014 at 10:31 PM
And he lived in Chevy Chase MD for very many years, one of the richest zip codes in the country,
Alexandria, Va. is has income levels supposedly 83% above the national mean. I have a dear friend resident there in an apartment building which includes a pair of retirees, a flight attendant, and a postal worker.
Posted by: Art Deco | 01/17/2014 at 10:46 PM
In fact I rarely have any clear idea of what Mr Deco is saying, other than it is hostile to me.
'Secular stagnation' is not a term I used. (I do not know what is stagnating, for one thing).
No, Daniel. I am critical of what you say. The hostility is yours.
Posted by: Art Deco | 01/17/2014 at 10:48 PM
Thanks, Marianne. I certainly had never heard that use of "secular" before.
Posted by: Mac | 01/17/2014 at 10:50 PM
Chevy Chase, Md is as we speak abnormally affluent, with income levels about 3x national means. Collier County, Fla, has income levels about 38% above national means, or similar to a typical location somewhere in the New York-New Jersey metropolitan settlement. Rumor has it there are cheap apartments in Newark.
That aside, the population of Collier County is 321,000, too large to be a ghetto in aught but the most globular metropolitan centers.
Posted by: Art Deco | 01/17/2014 at 10:59 PM
Neither had I.
Art, you said 'secular trend'
Posted by: Grumpy | 01/18/2014 at 07:34 AM
I don't get your point about Collier County FL, Art. If you're trying to argue against the presumption that Novak is quite well off, it's probably a losing battle.
Posted by: Mac | 01/18/2014 at 09:32 AM
I am not really arguing anything about Novak's balance sheet, because I have not seen it.
DN referred to Ave Maria, Fla. as a "ghetto for affluent Catholics". That particular county is too populous to be called a 'ghetto'. Some communities are above the mean and some are below, Collier County is above the mean, but scarcely farther above the mean than the 20 county New York - New Jersey metropolitan complex. As with the aforementioned residents of Alexandria, Va., non-affluent people do live in affluent neighborhoods. Some place that is as tony as Chevy Chase, that's not going to be the case bar for an odd oldster here or there. Also, neighborhoods change over time. Chevy Chase was largely constructed ca. 1933 for the burgeoning federal civil service. My mother with her family lived there for ten years, seven of them in a rented house infested with rats. It was an ordinary bourgeois neighborhood then, not a haut bourgeois / patrician neighborhood. (And, of course, middle class living meant one car, a coal furnace you stoked at night, and trouble with rodents). At the time, you could go to inner city high schools if your father was a federal employee; that was considered a perk because the local high school was considered a backwater.
Again, Novak's award was 800,000 sterling. Given exchange rates in 1994, that would amount to about $1,200,000. No clue what his tax liability would be. A man his age might have been advised to place 50% in bonds, 10% in the money market, and 40% in equities, shift assets to bonds as he grew older. Nominal equity prices have about quadrupled since 1994. It is a reasonable guess that the portfolio would have a value of about $1.67 millon today with interest and dividend income of about $60,000 before taxes. For someone in Novak's age group, it would be largely in municipal bonds so mostly tax free. Taxes and fees to portfolio managers would take about a third of that, leaving him $40,000 to spend.
By the way, the Sandalista just inaugurated as Mayor of New York has home equity worth $1.4 million. He is 52 and has worked in the public and philanthropic sector all his life.
There's nothing about defending capitalism in print that makes you a shrewd investor, and I would wager Novak isn't. He's a lapsed seminarian who verbalizes for a living.
Daniel brought up Novak's balance sheet to discredit him, a logical fallacy sufficiently distinct that it has an ancient proper name. Even were the argument valid, it would be irrelevant in Novak's case as he wrote The Spirit of Democratic Capitlism 11 years before the Templeton Foundation conferred that six-figure bon bon on him.
Posted by: Art Deco | 01/18/2014 at 11:25 AM
Oh I see, I hadn't noticed Daniel's "ghetto" reference.
Setting aside Novak's evil ways, and speaking of affluence in the DC area, I've seen several references over the past few months to that area now being at, or within a place or two of, the list of wealthiest areas in the country. That strikes me as a pretty bad sign. A bloated capitol city seems a marker of decline.
Posted by: Mac | 01/18/2014 at 12:20 PM
Dan one of the many things I like about LODW is that we get the whole spectrum of Christian political opinions here.
Posted by: Grumpy | 01/18/2014 at 01:10 PM
Art’s mention of rats in Chevy Chase reminded me of my house-sitting experience there in 2003. They were not only in the basement of the grand house I was in -- I had to make loud noises when descending the stairs to do my laundry to let them know to hide, but they were also about outside at night so that I had to keep a sharp eye out for them on the walk from my car to the house. And once as I stood by a window drinking my morning coffee, I saw two run across the lush back lawn. Freaky.
Posted by: Marianne | 01/18/2014 at 01:38 PM
They need a cat or two. I live in a somewhat wooded area and I know the rats have got to be out there, but we've always had at least two cats, with at least one living mostly outside, and we never see either rats or mice.
Thanks, Grumpy. I'm definitely a Big Tent sort of guy when it comes to Christians and politics.
Posted by: Mac | 01/18/2014 at 02:00 PM
Maybe in part because my expectations of politics are quite low.
Posted by: Mac | 01/18/2014 at 02:01 PM
I said 'Christian' because there are some political ideas which are just out for any of us, for instance any kind of Ayn Rand no safety-net for the poor libertarianism, or any form of national socialism or plain socialism makes the State a Church, something deserving absolute allegiance, or the deification of insurance companies.
Posted by: Grumpy | 01/18/2014 at 02:42 PM
Agreed. The tent can be big, but it still has an inside and an outside.
Posted by: Mac | 01/18/2014 at 03:01 PM
Esp. deification of the insurance companies. :)
Posted by: Robert Gotcher | 01/18/2014 at 03:22 PM
Though I don't think I've run across that particular heresy....
Posted by: Mac | 01/18/2014 at 03:44 PM
I'm all for condemning things before the rear their ugly heads. :)
Posted by: Robert Gotcher | 01/18/2014 at 03:52 PM
A sound policy.
Posted by: Mac | 01/18/2014 at 04:00 PM
Art, you asked for precise complaints. Well, and this is not restricted to your economic "expertise", for one, your habit of stating convoluted rebuttals to the obvious. Yeah, I'm sure Novak lived in rat-infested hovels in Chevy Chase, or shared apartment buildings with my brother letter carriers. And if you think mentioning someone's wealth is an ad hominem when the discussion is about poverty and justice I really don't know what to say. One's life experience is relevant in the extreme when one is discussing the socio/economic system. Capitalism has been very good to Mr Novak. But this is what you do. God knows what satisfaction you receive for constructing elaborate defenses for the indefensible; maybe you are just a contrarian; in which case I can sympathize
And by the way, my knowledge of Chevy Chase is not merely academic. I had a girlfriend, a very serious one, in my mid-twenties, who lived in a big house overlooking Rock Creek Park. I spent a lot of time there, and after returning to the Church, worshipping at Blessed Sacrament on Chevy Chase Circle.
Posted by: Daniel Nichols | 01/18/2014 at 10:37 PM
Michael Novak has not done all that well out of capitalism. He got his million or whatever from winning a prize, not from buying or selling or trading or investing.
I take your point, that things look very different if one is rich or poor. But, as Mac pointed out, he wrote most of his influential books before he got that prize. So he cannot simply have been blinded by wealth. As several of us said, it is quite true that he is naĂ¯ve about the ways of business. He's a bit of an egg head.
He did his best writing at a time when a secular leftism had infiltrated Catholic thinking about politics. He did well to criticize it, and he did not only hit back with a secular conservativism. He spoke of the necessary Jewish or Christian and religious underpinnings of a market economy.
Posted by: Grumpy | 01/19/2014 at 05:52 AM
Daniel, whatever I "think" of it, the argument is ad hominem. That aside, it is irrelevant given the sequence of events in his biography, both because his writings preceded the award and because he is not defending his own life and vocation; the man has no history in the business sectors and neither did his wife.
You have a terrible time interpreting what people say to you and apprehending why they are saying it.
You have not offered any coherent complaint about my remarks on economic topics, or my background in the subject. I am not an expert. I have had just enough instruction to recognize when someone talks rot, and John Medaille talks rot. Sorry to break it to you.
Posted by: Art Deco | 01/19/2014 at 08:45 AM
Micheal Novak, though, received his prize for his work defending capitalism, so in that sense the system has been very good to him: he gives the capitalists the moral structure they need, and they pay him well. Not that I think he was mercenary in writing that stuff; at that point he was reacting to the naive leftism of his younger years; like most neoconservatives he simply switched ideologies, sort of like when I was young and became disillusioned with the American nationalism that had been drummed into my head. I simply started wearing a NLF flag on my lapel instead of an American one.
And Artie: I also recognize when someone talks rot.
Posted by: Daniel Nichols | 01/19/2014 at 09:06 AM
Quite a rogue's gallery of capitalist tools here.
Posted by: Mac | 01/19/2014 at 09:39 AM
If only I could find some way of intimating to the Templeton people that I am a capitalist look like the 14th Dalai Lama! If only someone would tell them I'm a capitalist tool like Charles Taylor. I have applied three times for a Templeton grant in the last 18 months with no success at all. If only someone could just hint to them that I am a life long believer in the superiority of the market economy, despite my thorough going ignorance of such economic terms as 'secular' and marginal!
Has anyone ever hinted to them, perhaps, that I regard American capitalism as the only form of successful communism, creating such a dominance of cheap, affordable machine made goods over beautiful handmade artifacts that only the wealthy capitalist nomenclatura class can afford to avoid socialist uniformity?
OK Templeton guys, I have a few elitist thoughts, but deep down, I'm a capitalist tool!
Posted by: Grumpy | 01/19/2014 at 02:09 PM
And an aspiring sellout. :^)
Of course the Templeton prize has gone to a wide variety of people, many not friendly to capitalism. I'm sure various influences have swayed whatever committee makes the choice. It's all pretty political, like the Nobel prizes. But Novak won for his work favoring capitalism, and got rich for his efforts. That is all I am saying. And I should note that what changed him from a socialist to a pro-market conservative was reflection on his family's story: from Slovak peasant immigrants to prosperous factory workers who gave him a college education and a ticket out of Johnstown. Problem is, the guy is 80, and still talks as if that is the status quo. That and I do not see him acknowledging that his family's prosperity was not handed to them by benevolent owners, but was wrested from them by the efforts and sacrifices -sometimes to the point of death- of organized labor.
Posted by: Daniel Nichols | 01/19/2014 at 03:01 PM
Wrested, that is, from the owners.
Posted by: Daniel Nichols | 01/19/2014 at 03:02 PM
Your second paragraph has blown several fuses in my brain.
I do think there's some potential here for you to impress the Templetonians. You could tweak your 1 Samuel book to emphasize the fact that the Israelites recognized that they would be better off having a rich guy rule over them, and God, in a pragmatic recognition of human weakness, decided to make the best of it and reluctantly agreed.
Posted by: Mac | 01/19/2014 at 03:04 PM
Cross-posted--I was replying to Grumpy.
Posted by: Mac | 01/19/2014 at 03:05 PM
Economist Herman Daly has written that one of the things wrong with modern economic thinking is that is no longer a fully-orbed study that includes ethical and philosophical aspects, but that it has been reduced to what used to be called chrematistics, that is the "science" of making money.
In other words, economics is no longer a humane science but is instead an extended exercise in number-crunching. The mathematical, chrematistic aspect of economics has become the whole hog. It seems that anyone who takes this reductionist approach to economics wouldn't have much time for a Medaille or a Schumacher or a Roepke, or even someone like Fr. Albino Barrera, who has advanced degrees in both theology and economics.
I'm with Daniel - I like a little philosophy/theology to come with my economics. Otherwise, it's just glorified mathematics.
Posted by: Rob G | 01/19/2014 at 03:23 PM
That and I do not see him acknowledging that his family's prosperity was not handed to them by benevolent owners, but was wrested from them by the efforts and sacrifices -sometimes to the point of death- of organized labor.
Organized labor is not responsible for domestic prosperity. The activities of organized labor can shift some income around, mainly from various other parties to their clientele. The various other parties include unorganized workers, who tend to be lower-skill and fairly impecunious.
Posted by: Art Deco | 01/19/2014 at 03:26 PM
"I like a little philosophy/theology to come with my economics."
I certainly wouldn't argue with that, and I don't think anyone else here would. Nor, for that matter, would Novak, from what I've read of him. No doubt there's a place for studying economic data alone, as a sociologist studies social data. But economics in the larger sense, of trying to understand and prescribe--certainly that can't be pursued in isolation from theological/philosophical questions.
Posted by: Mac | 01/19/2014 at 03:47 PM
I'm with Daniel - I like a little philosophy/theology to come with my economics. Otherwise, it's just glorified mathematics.
You are presupposing a skill set most economists do not have. Most of them are also fairly conservative about the extent of their actual expertise.
Posted by: Art Deco | 01/19/2014 at 05:27 PM
It seems that anyone who takes this reductionist approach to economics wouldn't have much time for a Medaille or a Schumacher or a Roepke, or even someone like Fr. Albino Barrera,
No, they would regard it as tangential to economic discourse and something they, as economists, were not much better at than the next fellow. (And the real problem with Medaille is with his positive statements, not his normative ones).
Posted by: Art Deco | 01/19/2014 at 05:29 PM
You seem to be using the term "economics" in the sense I mentioned above, studying the data from a more or less detached quasi-scientific point of view. Which I guess is how the academic discipline of economics understands itself. Whereas someone like Novak or Medaille is looking at economic life from a philosophicial/theological perspective.
Posted by: Mac | 01/19/2014 at 06:28 PM
Medialle may look at it that way. He also makes pronouncements on current economic conditions and the utility of economics as a discipline.
Posted by: Art Deco | 01/19/2014 at 07:31 PM
Daniel said, further back somewhere: "But Novak won for his work favoring capitalism, and got rich for his efforts. That is all I am saying."
I'm sorry to say this, and I may regret doing so, but: it really isn't. You're attacking him personally, intimating strongly that he's somehow corrupt, and that the Templeton prize was a payoff from appreciative capitalists, thus suggesting that the Templeton people are also corrupt. You've hardly touched his ideas, just his biography. It's almost pure ad hominem, and it doesn't advance your cause at all.
Posted by: Mac | 01/19/2014 at 09:14 PM