Acton Institute Powerblog Archives

Acton Occasional Series

5 Facts about Billy Graham (1918–2018)

The Rev. Billy Graham died today at the age of 99. Here are five facts you should know about the man who became the world’s most famous Protestant evangelist. 1. In 1934 at the age of 16, Graham was turned down for membership in a local youth group because he was “too worldly.” A man who worked on the Graham farm persuaded the young man to go and see the evangelist Mordecai Ham. Continue Reading...

How marginal utility affects consumer choice

Note: This is post #69 in a weekly video series on basic microeconomics. When we buy a good or make a decision about how to use our time, we do so because we believe we are getting some sort of value from our choice, such as a sense of happiness or satisfaction. Continue Reading...

5 Facts about Washington’s Birthday

Today is the U.S. federal holiday known as Washington’s Birthday (not “Presidents Day—see item #1). In honor of George Washington’s birthday, here are 5 things you should know about the day set aside for our America’s premier founding father. Continue Reading...

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...