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Nikkei Asian Review ,   "Election risks reigniting Philippines inflation: Failure to fix economic bottlenecks leaves country vulnerable to price pressure" What might Milton Friedman make of the Philippines today? The Nobel economist popularized the theory that inflation is "always and everywhere a monetary phenomenon." Since the 1960s, his argument that demand for money controlled all prices won converts from London to Tokyo. Look no further than the Bank of Japan's deflation battle and you see the American's outsized influence 12 years after his death. But events in Manila show that even the great man was not always right. Last month, President Rodrigo Duterte's team demanded that the Manila central bank explain why the nation suffers the highest inflation in Southeast Asia. Though price pressures cooled in late 2018, the 5.2% annualized rate far exceeded the 2.9% gain in 2017. The response from the Bangko Sentral ng Pilipinas was to say to Dutert...

Reading is the first way to listen, and thus to learn. Invitation to read From  “ The Day After Redemption” “Where in your time, in your body has Jesus redeemed you? Show me where because I don’t see the place. If there was a place where Jesus had redeemed you, that would be the place for you to be, but which of you can find it?” At the beginning of Flannery O’Connor’s  Wise Blood , the would-be anti-Christ Hazel Motes says to Mrs.  Wally B. Hitchcock, a passenger seated in front of him on a train: “I reckon you think you have been redeemed.” Mrs. Hitchcock, clearly taken aback by the question, “snatched at her collar,” not knowing how to answer the question. “I reckon you think you have been redeemed,” Hazel insisted. “She blushed. After a second she said, yes life was an inspiration, and then she said she was hungry and asked if he didn’t want to go into the diner.” Thus begins Hazel Mote’s relentless efforts to expose Christian hypocrisy by founding ...

Reading is the first way to listen, and thus to learn. Invitation to read From the interview  “The Wound of Beauty ” “This book will break your heart, and will show you why your heart needed to be broken.” Thus a reviewer of one of the stories by Michael O’Brien, the Canadian painter and writer (author of  Father Elijah: The Apocalypse , among other works). His stories tell of men and women, often humiliated and injured, apparently of little importance, but whose “little” choices, whose journey toward love and truth, prove decisive for the destiny of the world, capable of leading others to love and freedom. O’Brien has been compared to writers like Flannery O’Connor, Graham Greene, and C. S. Lewis. During the last Spiritual Exercises, Fr. Carrón continually reminded us of our original dependence on the Mystery of God. He told us that every man is a “direct, exclusive relationship with God, and the reverberation of this is our being poor beggars.” You, o...

Flying Visits Clive James Postcard from Japan: 1 An Exchange of Views By courtesy of a British Airways Boeing 707 I was crossing in a few hours the same distance that cost Marco Polo years of his life, but the speed of modern travel has its penalties. Among these had been the in-flight movie, which I dimly remember was about bears playing baseball. From the air Siberia looks like cold nothing. The Sea of Japan looks like wet nothing. But Japan itself, at your first glimpse of it, looks like something. Even geographically it’s a busy place. Immediately you are impressed by the wealth of detail – an impression that will never leave you for as long as you are there. Only a tenth of the land is useful for anything. The remaining nine-tenths, when you look down on it, is a kind of corduroy velvet: country so precipitously convoluted that the rivers flowing through it look like the silver trails of inebriated slugs. The useful tenth is inhabited, cultivated and indus...

August 1, feast day of St. Alphonsus Marie Liguori, founder of the Redemptorists and patron of moral theologians. The Glories of Mary by Alphonsus Liguori The Incarnation, Birth and Infancy of Jesus Christ by Alphonsus De Liguori Preparation for Death by Alphonsus de Liguori

A Season in the West Piers Paul Read    Desert by J. M. G. Le Clezio   Cry, the Beloved Country by Alan Paton   The Misogynist by Pier Pauls Read   Lord Peter by Dorothy Sayers   Clouds of Witness by Dorothy Sayers  Lions at the Lamb House by Edwin Yoder   A Room with a View by E. M. Forster  A Room With A View and Howard's End by E. M. Forster Pinocchio by Carlo Collodi  The Metamorphosis and Other Stories by Franz Kafka  The Trial by Franz Kafka  The Mirage by Naguib Mahfouz In the Shadow of the Banyan by Vaddey Ratner   Monsieur Ibrahim and Roses of Koran by Eric-Emmanuel Schmit

The Drama of Atheist Humanism Henri de Lubac gratis  Rudolf Voderholzer The Discovery of God Henri de Lubac  gratis  Rudolf Voderholzer The Paradoxes of the Faith Henri de Lubac gratis  Rudolf Voderholzer The Motherhood of the Church Henri de Lubac gratis  Rudolf Voderholzer Meet Henri de Lubac Rudolf Voderholzer   gratis  Rudolf Voderholzer At the Service of the Church by Henri de Lubac gratis Joseph Fessio The Mystery of the Supernatural by Henri de Lubac The Splendor of the Church by Henri de Lubac gratis Paul McPartlan The Eucharist Makes the Church by Paul McPartlan The Meaning of Tradition by Yves Congar 

A Kentish Lad Frank Muir The Cloister Walk Kathleen Norris     The Da Vinci Hoax Carl Olson Advertising, The Uneasy Persuasion Michael Schudson Trowel and Error Alan Titchmarsh   Scott Fitzgerald Andrew Turnbull Meet Henri de Lubac Rudolf Voderholzer  

The Council and Reunion Hans Kung Who's Who in Shakespeare Robin May Memories of a Catholic Girlhood Mary McCarthy   Child of My Heart Alice McDermott     Enter Isabel: The Herman Melville Correspondence of Clare Spark and Paul Metcalf Paul Metcalf   T. S. Eliot Poet A. D. Moody  

No Souvenirs: Journal 1957-1969 Mircea Eliade Autbiography I Mircea Eliade Autbiography II Mircea Eliade Faith Hope Love by Josef Pieper Leisure the Basis of Culture by Josef Pieper  Bengal Nights by Mircea Eliade The Sacred and the Profane by Mircea Eliade   A History of Religious Ideas 1 Mircea Eliade A History of Religious Ideas 2 Mircea Eliade A History of Religious Ideas 3 Mircea Eliade The Myth of the Eternal Return Mircea Eliade Ordeal by Labyrinth Mircea Eliade Myth and Reality Mircea Eliade Imagination and Meaning Mircea Eliade