Financial deregulation expands opportunity

The Dodd-Frank Act became law in 2010, adding more regulation to a banking industry that was already heavily regulated.  The main purpose of this 2,300 page act was to give consumers protection against big profit seeking banks but the unintended consequences prove to be much greater.  Continue Reading...

Giving thanks for the miracle of the marketplace

Families across the country are about to celebrate Thanksgiving, expressing gratitude for God’s overwhelming grace and abundance. And yet even as we offer thanks to God for his provision — materially, socially, spiritually, or otherwise — how often do we pause and reflect on the freedoms and channels that God uses in the process? Continue Reading...

Thomas Sowell on poverty, politics, and the origins of prosperity

“The mundane progress driven by ordinary economic and social processes in a free society becomes dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of Uncommon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides a comprehensive argument for the origins of prosperity. Continue Reading...

Brexit: national borders, democracy, jurisdiction

In a recent article for The Telegraph, Sir Roger Scruton discusses the importance of national borders in Europe and the threat that the EU poses to them.  He explains how religion once united Europe but since religion began to fade in the 17th century, territory took over as the principle that Europeans turn to in order to find unity.  Continue Reading...

Edmund Burke on economic freedom and the path to flourishing

Advocates of economic freedom have a peculiar habit of only promoting the merits of the free markets as they relate to innovation, poverty alleviation, and economic transformation. In response, critics are quick to lament a range of “disruptive” side effects, whether on local communities or human well-being. Continue Reading...

Markets without limits?

Dr. Jennifer Roback Morse, who is president of the Ruth Institute as well as a senior fellow in economics here at the Acton Institute, debated Peter Jaworski, a co-author of the recent book, Markets without Limits: Moral Virtues and Commercial Interests, at an event hosted by the Austin Institute. Continue Reading...

26th Annual Dinner, ‘a pivotal refresher’

Last night, more than 800 men and women attended the Acton Institute 26th Annual Dinner at the J.W. Marriot in downtown Grand Rapids.  The evening was highlighted by the presentation of the 2016 Faith and Freedom Award to the late Justice Antonin G. Continue Reading...

Immigrants: Don’t vote for what you fled!

Many of America’s immigrants fled nations that were ruined by corrupt politicians and failed government policies. So why, asks Gloria Alvarez, “do you support the same policies in the U.S. that caused you to flee your home country?” Alvarez, Project Director at the National Civic Movement of Guatemala, says that what makes the United States different from her home country of Guatemala is the “unique American belief in limited government” that leads to greater individual freedom and personal responsibility. Continue Reading...