Acton Institute Powerblog

PowerLinks 12.08.14

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The Case for Religious Freedom
Deborah Castellano Lubov, Zenit

Especially at this time in Western nations, we’re seeing this incredible backlash … the demand that Catholic or Jewish persons surrender their consciences and serve others.

Economist’s View: ‘Maths and Morals, Economics and Greed’
Mark Thoma, Economist’s View

We need to represent markets as centres of communication and deliberation, not as competitive arenas driven by profit maximisation. The clue is in the word forum, which defined both the market place and the political centre of a Roman city.

The Cost of Amnesty
David Frum, The Atlantic

President Obama touts the economic benefits of immigration, but the rising price of the Earned Income Tax Credit and Additional Child Tax Credit alone could be dizzying.

Pastor Rick Warren to Catholics: ‘We Have Far More in Common than What Divides Us’

Thomas D. Williams, Breitbart

To the delight of some and the consternation of others, bestselling author and pastor of the Saddleback community megachurch, Rick Warren is endorsing closer union between Evangelical Protestants and Roman Catholics.

Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).


  • Mark Thoma continues to carry water for the mainstream media’s ignorant view that immorality in finance caused the latest crisis. The US has enjoyed about 60 crises like the latest one since 1790. If sudden bursts of immorality caused them then Thoma needs to explain why morality is better sometimes and bad enough at other times to cause financial crises.

    There was very little that was immoral in the financial sector except for a small amount of fraud in mortgage lending to subprime. The market is not a casino. Claiming it is just advertises Thoma’s sad ignorance of economics and finance. In fact, the great Austrian economist Ludwig Lachmann calls the stock market and the derivatives market built on it the most important aspect of free markets.

    The latest crisis happened for the same reason the last 60 occurred. First the state, later the Fed manipulated the money supply. That was the only immorality and it was quite evil.