Category: Economics

Last night on CNBC’s The Kudlow Report, PovertyCure director and Acton Research Fellow Michael Matheson Miller joined host Lawrence Kudlow and Rusty Reno, Editor of First Things magazine, to discuss the position of the Roman Catholic Church on global capitalism in light of Pope Francis’ Apostolic Exhortation ‘Evangelii Gaudium.’ The video is embedded below.

Acton Institute Director of Research Samuel Gregg has been busy on the interview circuit over the past few days as news organizations look for intelligent analysis of Evangelii Gaudium, Pope Francis’ Apostolic Exhortation that that was released last week. On Monday, the Wall Street Journal called upon Gregg to provide his thoughts on the economic content in the exhortation on Opinion Journal Live; we’ve embedded the video below.

baby-boomWhen it comes to pondering the plight of millennials, the need for critique runs as deep as the challenges.

Yet the obstacles have at least something to do with our present reality and the forces that set it in motion. Long before we millennials were pursuing silly degrees and dreaming up fantastical futures en masse, someone somewhere began by whispering, “yes.”

In yesterday’s Wall Street Journal, P.J. O’Rourke takes aim at one set of such predecessors, the Boomers. Speaking as a child of the late 1940s, a self-described “senior” of the set, O’Rourke wonders what the hands of his generation hath wrought.

Given the common criticism that it is millennials who are uniquely characterized by narcissism and self-importance, this particular bit struck me as an interesting hint at inheritance.

To address America’s baby boom is to face big, broad problems. We number more than 75 million, and we’re not only diverse but take a thorny pride in our every deviation from the norm (even though we’re in therapy for it). We are all alike in that each of us thinks we’re unusual.

Fortunately, we are all alike in our approach to big, broad problems too. We won’t face them. There’s a website for that, a support group to join, a class to take, alternative medicine, regular exercise, a book that explains it all, a celebrity on TV who’s been through the same thing, or we can eliminate gluten from our diet. History is full of generations that had too many problems. We are the first generation to have too many answers. (more…)

On Wednesday, Rev. Robert A. Sirico, Acton’s President and co-founder, offered his initial comments on “Evangelii Gaudium,” the Apostolic Exhortation released on November 26 by Pope Francis. This morning, Rev. Sirico spent some time extending his thoughts during the course of a couple of radio interviews.

In his first interview of the day, Rev. Sirico appeared on The Chris Salcedo Show on The Blaze Radio Network:

Later on, Rev. Sirico joined host Larry Kudlow on 77 WABC in New York City for a nearly 40 minute discussion of the document, which is well worth your time to listen to in full:

In this short talk, Rev. Robert A. Sirico, co-founder and president of the Acton Institute, offers some general observations about the new “Apostolic Exhortation” published Nov. 26 by Pope Francis. Specifically, Rev. Sirico addresses the economic content of the work, titled “Evangelii Gaudium” (The Joy of the Gospel) and poses some questions for further reflection. And please take a moment to watch this PovertyCure trailer also posted here.

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Blog author: kjayabalan
posted by on Wednesday, November 27, 2013

2716popefrancis_00000001928With the November 26 publication of Pope Francis’s apostolic exhortation Evangelii Gaudium, we have the first teaching document that is truly his own. And it very much shows, both in style and content, compared to the encyclical Lumen Fidei, which was mostly written by Pope Benedict XVI. Evangelii Gaudium is full of the home-spun expressions of faith that have made Francis the most popular public figure on the planet, and the exhortation is certain to succeed in challenging all of us to live in more sincere, compassionate, and self-giving ways. It has also provided some much-needed clarification of the Pope’s previous statements on abortion and marriage that had a few wondering, with only slight exaggeration, whether the Pope was actually Catholic.

By now it is obvious that, in his words and deeds, Pope Francis has a remarkable ability to speak to the heart of the common man, someone who may not know much about or regularly practice his faith but wants to be on good terms with God and other people. It is equally obvious that Francis has made the “new evangelization,” i.e. bringing back fallen-away or secularized Catholics, central to his pontificate. By making the proclamation of the Good News of Jesus his number one priority, the Holy Father is fulfilling his God-given mandate to feed Christ’s sheep. Like nearly everyone else who has been closely watching him in action, I have been moved and inspired to live my faith more intensely, all the while recognizing the inadequacy of my efforts if it weren’t for God’s grace and untiring mercy.

How can we account for Francis’s popularity? Some in the media sense possible changes in Church teaching on all kinds of (mostly sexual) matters, but I think there’s more to it. Pope Benedict’s intellectual approach to explaining Christianity has been followed by Pope Francis’s commonsensical one. Each undoubtedly has its strengths and weaknesses and will carry greater appeal to different sorts of people. It may not be certain how the Holy Spirit selects and inspires any particular pontiff, but one can hazard a guess and say Francis’s style and tone may be exactly what the Church needs at this moment in history.

There are instances, however, when a more considered understanding of technical matters would be preferable; the exhortation’s tirades against the market economy are one. (more…)

pilgrim, property rightsEach Thanksgiving brings with it another opportunity to pause, meditate, and express our gratitude for the great blessings in life. As one who recently welcomed a new baby boy to my family, it seems particularly evident this season that the greatest blessings are not, after all, material.

Yet material need is a persistent obstacle, the dynamics of which wield significant influence over the entirety of our lives, from the formative effects of our daily work to the time, energy, and resources we pour out out in the service of others. Thus, it should be no surprise that Thanksgiving is often accompanied with reflections on the material: how we’ve been blessed with food in our bellies, shelter from the cold, a means to provide, and so on.

In the spirit of such reflections, Reason.tv released a nice, albeit excessively cheeky, video aimed at prodding our gratitude beyond the bread on the table and toward one of the systemic features that helps bring it from the field to the baker to the boca: property rights. (more…)

Blog author: jballor
posted by on Wednesday, November 27, 2013

Good now, sit down, and tell me, he that knows,
Why this same strict and most observant watch
So nightly toils the subject of the land,
And why such daily cast of brazen cannon,
And foreign mart for implements of war;
Why such impress of shipwrights, whose sore task
Does not divide the Sunday from the week;
What might be toward, that this sweaty haste
Doth make the night joint-labourer with the day:
Who is’t that can inform me?

–Marcellus, in Shakespeare’s Hamlet

Human beings, with our diversity of gifts, talents, and dispositions, were created to, as Adam Smith put it, “truck, barter, and exchange.” In other words, we were made to trade.

But we were not created to be constantly trucking, bartering, and exchanging. That’s the central truth about humanity that the commandment concerning Sabbath rest communicates:

Remember the Sabbath day by keeping it holy. Six days you shall labor and do all your work, but the seventh day is a sabbath to the Lord your God. On it you shall not do any work, neither you, nor your son or daughter, nor your male or female servant, nor your animals, nor any foreigner residing in your towns. For in six days the Lord made the heavens and the earth, the sea, and all that is in them, but he rested on the seventh day. Therefore the Lord blessed the Sabbath day and made it holy.

Over at The Gospel Coalition today, I expand on the news of Amazon’s new delivery service on Sundays to discuss “Sabbath Rest and the Moral Limits of Consumption.”

Just as we sleep each night to give our bodies rest from daily labors, our souls (as well as our bodies) need rest from mundane and worldly activities. This is the kind of rest that the Sabbath is designed to provide. The Sabbath principle calls us to rest from the gratification of our earthly desires, whether they be morally permissible or not, and whether we consider them to be work or leisure.
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Blog author: abradley
posted by on Tuesday, November 26, 2013

mission logo 2Derick Scudder, senior pastor at Bethel Chapel Church, an evangelical congregation in the northern part of Philadelphia, recently completed a 4-part series explaining why he is “done with urban ministry.” Bethel Chapel is a “Bible-teaching church focused on the Good News that Jesus died on the cross for our sins. We are a racially diverse, multi-generational group of people who want to know Jesus better.” As a pastor of a church deeply embedded in a challenging section of Philadelphia, Scudder has experienced the joys and pains of living in a neighborhood that many would simply avoid.

I’m raising my family and serving my church in the same low income neighborhood. My youth group is almost all un-churched kids. Our car has been stolen. I’ve been the victim of a violent crime, counseled drug addicts, and preached at quinceaneras. I’ve helped start and run a non-profit for our neighborhood that’s brought local businesses together and attracted some development to our area. But I’m done calling this urban ministry

What changed? Scudder explains why the label “urban ministry” may be no longer appropriate. Here’s what he says:
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Blog author: rjmoeller
posted by on Friday, November 22, 2013

I recently posted some thoughts at The Power Blog on “God’s Problem With Centralized Power”, which took a macro view of what I believe to be God’s clear disdain for mankind pursuing their own ends instead of His articulated purposes when it comes to how we organize ourselves communally. This time I want to highlight a specific, micro-level example of that same general idea.

The story of Israel’s demand for a king in I Samuel 8 contains so many relevant, interesting nuggets of insight that I’ve broken it into two parts. This first post will cover verses 1-9; the second one (on Monday) will explore verses 10-22.

When the elders of Israel come to Samuel on behalf of their people to ask for a king to lead them, the decentralized governing system of “judges” had largely been in place since the Hebrew people’s return from exile in Egypt (some 400 years). What the people were asking for was a massive break with a God-ordained system and time-tested tradition. It marks a major shift in the history of God’s chosen people and, truly, the history of God’s plan for salvation. (more…)