Category: Economic Freedom

tower_of_babel.170113154The Bible does not have a detailed plan for how the government of a modern nation of 300 million people should operate. If you’re looking for specifics on what the United States’ tariff policy with Finland ought to be, you’re plum out of luck.  If you want canonical guidance as to the precise degree of control the filibuster should have over legislative proceedings in the U.S. Senate, you’re barking up the wrong tree.

With plenty of issues in the socio-political and economic realms left unaddressed, the earnest Believer is building upon the certain, clear-cut revelations in Scripture as he or she constructs a cohesive worldview. We must work to avoid the temptation to let emotional responses dictate what policies and practices we will adopt as individuals, families, and as a nation. (more…)

hospitalA new provision under Obamacare will fine tax-exempt hospitals via the Internal Revenue Service:

A new provision in Section 501 of the Internal Revenue Code, which takes effect under Obamacare, sets new standards of review and installs new financial penalties for tax-exempt charitable hospitals, which devote a minimum amount of their expenses to treat uninsured poor people. Approximately 60 percent of American hospitals are currently nonprofit.

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P.J. O'Rourke

P.J. O’Rourke

Best-selling author and leading political satirist P.J. O’Rourke will be featured at the Acton Institute’s 23rd Annual Dinner on Oct. 24 as the keynote speaker. Tickets for this event are going fast as there is just over one week remaining until this event. You do not want to miss out on this evening filled with humor, wit and engaging dialogue in what promises to be an evening remembered for a long time. Known as a hard-bitten, cigar-smoking conservative, O’Rourke bashes all political persuasions. “Money and power to government,” says O’Rourke, “is like giving whiskey and car keys to teenage boys.”

With more than 1 million words of trenchant journalism under his byline and more citations in The Penguin Dictionary of Humorous Quotations than any living writer, P. J. O’Rourke has established himself as America’s premier political satirist. Both TIME and the Wall Street Journal have labeled O’Rourke as “the funniest writer in America.” Covering current events, O’Rourke combines the skill and discipline of an investigative reporter with a comedian’s sense of the absurd and the stupid. O’Rourke’s best-selling books include Parliament of Whores, Give War a Chance, Eat the Rich, The CEO of the Sofa, Peace Kills and On the Wealth of Nations.

The event will be taking place from at the Amway Grand Plaza Hotel in Grand Rapids, Mich. Previous keynote speakers have included Eric Metaxas and John O’Sullivan. Rev. Robert A. Sirico, president and co-founder of Acton, will also be giving special remarks during the evening.

Individual tickets are $150 and table sponsorships are also available for $3,000 and $5,000. Be sure to register now by visiting www.acton.org/dinner. For more information, please contact Teresa Bailey at tbailey@acton.org or call 616.454.3080. We hope to see you there!

Blog author: ehilton
posted by on Wednesday, October 16, 2013

Tea-Party-Catholic-196x300Tea Party Catholic: The Catholic Case for Limited Government, A Free Economy and Human Flourishing, the new book by Acton’s Director of Research Samuel Gregg, has received a review from Fr. Dwight Longenecker at Aleteia.com. Fr. Longenecker dives right in, asking “Is Catholicism Conservative?” and looking to Gregg’s book for some answers.

Catholics have too often fallen into the easy trap of conflating their political opinions with their political views. So left-wingers latch on to the Catholic Church’s “preferential option for the poor” and think that means Marxism. Right-wingers pick out the Catholic Church’s condemnation of socialism and conclude that Catholicism backs an unrestrained free market economy.

The prevailing assumption among many American Catholics is that the Democratic Party is the Catholic party because they want to help the poor. A strong minority of American Catholics think the Republican Party should be favored because they’re for personal responsibility. Samuel Gregg encourages us to think more deeply about the relationship between Catholicism and the economic theories behind political movements.

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Blog author: jcouretas
posted by on Tuesday, October 15, 2013

From Australia’s SBS Television: Greeks with Australian citizenship are returning here in the hope of finding jobs and a better life, away from the instability crippling Greece’s economy.

Which is why so many Greeks left home and family behind for the American Dream in the early 20th Century:

Greeks began to settle in America at the end of the 19th century and the influx of migrants continued up until the 1920s. Around 400,000 Greeks migrated to America at that time, primarily from the Peloponnese and the rest of southern Greece. Three quarters of the immigrants settled permanently in America, in large urban centers such as Chicago, New York and tens of smaller cities scattered across the country reaching as far as California. They engaged in various forms of employment such as street vendors and shop owners. Many were restaurateurs while others worked in more manual jobs such as cotton mills, coalmines, or on the railways.

Australia’s ranking on the 2013 Index of Economic Freedom: 3

Greece’s ranking on the 2013 Index of Economic Freedom: 117

The United States’ ranking on the 2013 Index of Economic Freedom: 10

There are at least six “self made” Greek-American billionaires on the Forbes 400 list.

Economics in Christian Perspective: Theory, Policy and Life Choices

Economics in Christian Perspective: Theory, Policy and Life Choices

There is considerable debate in the public square these days about a number of issues that have significant economic components. Globalization, environmental protection, and aiding the poor are just a few. Decisions we make in our personal lives are influenced by our assumptions about economic realities as well. So how might mainstream economics connect with Christian values and principles?

$16.00

Acton Director of Research Samuel Gregg joined host Raymond Arroyo last Thursday evening on EWTN’s The World Over to discuss his latest book, Tea Party Catholic, and addressed some of the common objections Catholic proponents of limited government often encounter.

Tea Party Catholic

Tea Party Catholic

In Tea Party Catholic, Samuel Gregg draws upon Catholic teaching, natural law theory, and the thought of the only Catholic Signer of America's Declaration of Independence, Charles Carroll of Carrollton—the first “Tea Party Catholic”—to develop a Catholic case for the values and institutions associated with the free economy, limited government, and America's experiment in ordered liberty. Beginning with the nature of freedom and human flourishing, Gregg underscores the moral and economic benefits of business and markets as well as the welfare state's problems. Gregg then addresses several related issues that divide Catholics in America. These include the demands of social justice, the role of unions, immigration, poverty, and the relationship between secularism and big government.

Visit the official website at www.teapartycatholic.com

$24.00

Defending the Free Market: The Moral Case for a Free Economy

Defending the Free Market: The Moral Case for a Free Economy

Father Sirico argues that a free economy actually promotes charity, selflessness, and kindness, and why free-market capitalism is not only the best way to ensure individual success and national prosperity but is also the surest route to a moral and socially-just society.

Visit the official website at www.defendingthefreemarket.com

$25.00

golden-2_2386999bFrom the Financial Times:

Greece’s neo-Nazi Golden Dawn party has penetrated the country’s police force, set up caches of heavy weapons in remote locations and trained its recruits to carry out brutal attacks against immigrants and political opponents, according to the country’s top security official.

Nikos Dendias, minister of public order and civil protection, said in an interview with the Financial Times that Golden Dawn’s cult of extreme violence was “unique” among European far-right groups.

The Ancient Greek leaders stressed things like prudent philosophy, intellectual inquiry, and the importance of reason. Modern Greeks – along with the governments of most European nations – spend money they don’t have on things they don’t need at rates they can’t maintain. The party is over for big-government socialism, but the economic (and political) nightmare of recession, depression and an increasingly unruly citizenry has just begun.

And what type of clientele comprise the membership of a group like the Golden Dawn? What do many of those who join share in common?
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On Oct. 3, the Acton Institute held its annual luncheon and lecture in Houston at the Omni Houston Hotel.

Kris Alan Mauren, co-founder and executive director of the Acton Institute, emceed the event. The Rev. Martin Nicholas, pastor of Sugar Land First United Methodist Church, gave the invocation for the afternoon and the Hon. George W. Strake gave the introduction. Rev. Robert A. Sirico, president and co-founder of Acton, gave the keynote lecture for the afternoon: “Religious Liberty and Economic Liberty: Twin Guarantees for Human Freedom.”

Rev. Sirico began the lecture by giving a background of the Christian faith and religious liberty in the Roman Empire with the story of the emperor Constantine and the coming of the Edict of Milan in A.D. 313. This edict declared religious liberty and tolerance in the empire at the moment when Christianity was on the rise and established tolerance for all religions not just Christianity. It also restored properties to the church if they had been previously confiscated by the state. (more…)

Blog author: nporter
posted by on Thursday, October 10, 2013

On Sept. 18, the Acton Institute held its annual dinner and lecture in downtown Pittsburgh at the Duquesne Club.

J. Christopher Donahue, president and chief executive officer of Federated Investors, Inc., emceed the event and Lisa Slayton, president of Serving Leaders and The Pittsburgh Leadership Foundation, gave the invocation for the evening.  Rev. Robert A. Sirico, president and co-founder of Acton, gave the keynote lecture for the evening:  “Religious Liberty and Economic Liberty:  Twin Guarantees for Human Freedom.”

Rev. Sirico started the evening by talking about why property rights are important to liberty.  Property allows us to put ourselves into the creation of things.  Humans have the capacity to create wealth.  The human being transcends creation as we are able to create.  “Without the right of property, civilization begins to crumble,” Rev. Sirico said. “Culture begins to crumble.”  He gave a textbook example of this—the former Soviet Union. Both religion and property rights were confiscated–and you can see what happened. (more…)