Acton Institute Powerblog Archives

Christian Social Thought

China Ends One-Child Policy, Still Limiting Births

The BBC reported today that China is ending its one-child policy, providing the following overview: Introduced in 1979, the policy meant that many Chinese citizens – around a third, China claimed in 2007 – could not have a second child without incurring a fine In rural areas, families were allowed to have two children if the first was a girl Other exceptions included ethnic minorities and – since 2013 – couples where at least one was a single child Campaigners say the policy led to forced abortions, female infanticide, and the under-reporting of female births It was also implicated as a cause of China’s gender imbalance Before everyone celebrates, China did not, however, eliminate all limits but changed the limit to two children. 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...

Are You Pro-Union or Pro-Minimum Wage?

During CNN’s Democratic debate, presidential candidate, senator from Vermont, and self-proclaimed socialist Bernie Sanders promised that if elected he would work to “raise the [federal] minimum wage to $15 an hour.” From an economic point of view, this policy would run the risk of sparking a wage/price spiral, where wages are tied to a cost-of-living index and their increase, in turn, raises the cost of living, sending inflation out of control and ultimately working against the intended goal of helping low-wage workers. Continue Reading...

How Should Christians Think About Socialism?

Calling a political candidate a “socialist” used to be a political slur. In almost every U.S. election over the past hundred years there have been conservatives who have claimed a major political party candidate running for president was—whether they admitted it or not—a socialist. Continue Reading...

What’s the Real Problem with Payday Loans?

Since its inception in the 1990s, the payday lending industry has grown at an astonishing pace. Currently, there are about 22,000 payday lending locations—more than two for every Starbucks—that originate an estimated $27 billion in annual loan volume. Continue Reading...

How God and Man Make a Sandwich

In 1958, Leonard Read published his brilliant essay, “I, Pencil.” Read’s original essay was written from the point of view of the pencil and the humble writing implement explains why it is as much a creation of God as a tree. Continue Reading...

Entrepreneur Day

Today at the Library of Law and Liberty, I take a cue from probablist Nassim Nicholas Taleb and call for the commemoration of a National Entrepreneurs Day: One has been proposed in the U.S. Continue Reading...