Acton Institute Powerblog Archives

Acton Occasional Series

Explainer: What you should know about single-payer healthcare

Today, Vermont Senator Bernie Sanders is unveiling his legislation for a single-payer healthcare system. Here is what you should know about single-payer systems and Sanders’s proposal: What is single-payer healthcare? In a single-payer healthcare system, the government pays for all medically necessary service for of all citizens, regardless of income or ability to pay. Continue Reading...

7 Figures: Income and poverty in the U.S.

The U.S. Census Bureau released its latest report on income and poverty in the United States today. Here are seven figures from the report you should know about: 1. Real median household income increased 3.2 percent between 2015 and 2016—from $ 57,230 to $59,039. Continue Reading...

The monopoly markup

Note: This is post #48 in a weekly video series on basic microeconomics. Ever wonder why pharmaceuticals are so expensive? In this video by Marginal Revolution University, Alex Tabarrok shows how low elasticity of demand results in monopoly markups. Continue Reading...

5 Facts about the 9/11 aftermath

Today marks the 16th anniversary of the worst terrorist attack ever on American soil. Here are five facts you should know about what happened in the aftermath of the events on September 11, 2001: 1. Continue Reading...

5 Facts about Antifa

Throughout 2017 a group known as Antifa has engaged in riots and violent protests at events across the country. Here is what you should know about the black-clad activists: 1. Antifa is a radical and often violent protest movement organized around “anti-fascism.” Unlike some political movements that define themselves by what they support, Antifa activists define themselves and their cause almost exclusively by what they oppose: individuals or groups who they define as “fascist.” Fascism is a difficult ideology to define because it has historically contained elements from both extreme ends of the left-right political spectrum. Continue Reading...

The balance of industries and creative destruction

Note: This is post #46 in a weekly video series on basic microeconomics. Why are price signals and market competition so important to a market economy? When prices accurately signal costs and benefits and markets are competitive, the Invisible Hand ensures that costs are minimized and production is maximized, explains Alex Tabarrok. Continue Reading...