Acton Institute Powerblog Archives

Acton Occasional Series

7 Figures: Trump’s 2019 budget plan

Yesterday, President Trump released his fiscal year 2019 budget plan. The president’s annual budget request tells Congress how much money the president thinks the Federal government should spend on public needs and programs; tells Congress how much money the president thinks the government should take in through taxes and other sources of revenue; and tells Congress how large a deficit or surplus would result from the president’s proposal. Continue Reading...

Explainer: What you should know about Trump’s infrastructure plan

Earlier today, President Trump released his new $200 billion infrastructure plan. Here is what should know about the 53-page legislative outline: What is infrastructure? The Federal government has defined infrastructure as the framework of interdependent networks and systems comprising identifiable industries, institutions (including people and procedures), and distribution capabilities that provide a reliable flow of products and services essential to the defense and economic security of the United States, the smooth functioning of governments at all levels, and society as a whole. Continue Reading...

What Christians should know about the Dow

Note: Almost four years ago, the Dow inspired me to start a series of posts explaining economic terms and concepts from a Christian perspective. It’s fitting then that the Dow is also motivation to relaunch this long dormant feature (over the past two days the Dow has suffered the worst point decline in history).  Continue Reading...

5 Facts about National Freedom Day

In the United States February 1 is National Freedom Day. Here are five facts you should know about the annual observance: 1. National Freedom Day commemorates the date (February 1, 1865) when President Abraham Lincoln signed a joint resolution that proposed the 13th amendment to the United States Constitution. Continue Reading...

What is moral hazard?

Note: This is post #66 in a weekly video series on basic microeconomics. Imagine you take your car in to the shop for routine service and the mechanic says you need a number of repairs. Continue Reading...

Asymmetric information in health insurance

Note: This is post #65 in a weekly video series on basic microeconomics. In this video by Marginal Revolution University, Tyler Cowen discusses asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Continue Reading...

Explainer: What you should know about a government shutdown

Why is there talk about a government shutdown? In December Congress passed the Further Additional Continuing Appropriations Act, 2018 (H.R. 1370) which provides non-discretionary funding through January 19, 2018. Because that Act expires at midnight on Friday, Congress must pass a new continuing appropriations act to keep the government operating. Continue Reading...