Another factor in the financial crisis

By Phil Lawler ( bio - articles - email ) | Oct 06, 2008

 The US economy is in crisis because the real-estate market is crashing. But why is the real-estate market crashing? One major factor-- among many, to be sure-- is abortion.

How's that, you ask? It's a simple matter of supply and demand. 

In the first decade following Roe v. Wade, there were about 13 million American babies aborted. Had they lived, those babies would now be young adults, and many of them would be looking to buy their first homes. Add 13 million consumers to the market, and that increased demand would drive up prices. Raise prices, and the real-estate market would rally. If the real-estate market rallies, the financial crisis is behind us. But that's not happening, because those 13 million consumers are dead. 

And that doesn't even account for the countless millions of children who might have been born in the 1960s, if their parents hadn't been contracepting... 

 

 

Phil Lawler has been a Catholic journalist for more than 30 years. He has edited several Catholic magazines and written eight books. Founder of Catholic World News, he is the news director and lead analyst at CatholicCulture.org. See full bio.

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  • Posted by: Carole Foryst - Jan. 16, 2019 8:58 PM ET USA

    When you see a pattern of statements and actions by Pope Francis that harm the church, one might speculate it’s deliberate. If it’s deliberate what is his intent? Most of the hierarchy see this pattern and are complicit or silent. I have an eerie sense many in the hierarchy are not believers. Can this be the condition of the 21st century Roman Catholic Church?

  • Posted by: Montserrat - Jan. 14, 2019 3:14 PM ET USA

    Quite unfortunately, EWTN allowed CNA reporter Ed Condon to join the World Over panel last week. Condon aggressively dismissed all and any negative comments about Francis, including Arroyo's journalistic comment and question about the Bishop Zanchetta case. Condon claimed that Francis likely did not have "a full understanding" of whom he was appointing. This claim was made with no basis in fact. Phil, you're more and more becoming a voice in the wilderness.

  • Posted by: Bveritas2322 - Jan. 13, 2019 6:38 PM ET USA

    I'm tired of the soft talk about his corruption. I've know five convicted murderers during my life, but Francis is, well beyond these five, an outright amoral sociopath in terms of his incapacity to find any fault at all in anything he does.

  • Posted by: feedback - Jan. 11, 2019 10:50 PM ET USA

    The Church is much bigger than Francis. I'm not sure anymore if he knows this.

  • Posted by: Retired01 - Jan. 11, 2019 7:08 PM ET USA

    And I have the feeling that the drip, drip, drip will continue. Moreover, that the silence that has characterized most bishops' approach to the continuing drip, drip, drip will continue until the deluge.