Acton Institute Powerblog Archives

Christians Need to Know

What Christians should know about tariffs and balance of trade

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The purpose of the series is not to present a theology of economics, but simply to provide a basic level of understanding that will help Christians think more clearly about how to apply their faith commitments to economics and public policy. 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...

What Christians Should Know About Fractional Reserve Banking

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Fractional Reserve Banking What it Means: Understanding fractional reserve banking is easier if we separate what it is (which is rather simple to explain) and the effects the system produces (which is slightly more complicated). Continue Reading...

What Christians should know about the time value of money

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Time Value of Money What It Means: The time value of money (TVM) is the concept that because of potential earning capacity, money available at the present time is worth more than the same amount at a future time. Continue Reading...

What Christians Should Know About Crony Capitalism

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Crony capitalism (sometimes referred to as cronyism or corporatism) What it means: Crony capitalism is a general term for the range of activities in which particular individuals or businesses in a market economy receive government-granted privileges over their customers and/or competitors. Continue Reading...

What Christians Should Know About Consumption

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Consumption What it means: Consumption is the use of goods and services by households. Continue Reading...