Acton Institute Powerblog Archives

Christian Social Thought

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...

Psalm 19 and Human Flourishing

The mission of the Acton Institute is to promote a free and virtuous society characterized by individual liberty and sustained by religious principles. We seek to articulate a vision of society that is both free and virtuous, the end of which is human flourishing. Continue Reading...