Audio: Rev. Robert A. Sirico on the Free Market and Environmental Stewardship

Conference Panel for “In Dialogue With Laudato Si'”, December 3, 2015 Today at the Pontifical University of the Holy Cross in Rome, the Acton Institute has organized a half-day conference called “In Dialogue With Laudato Si’: Can Free Markets Help Us Care For Our Common Home?” in response to Pope Francis’ appeal in Laudato Si’ for “a new dialogue about how we are shaping the future of our planet.” In advance of the conference, Acton Institute President Rev. Continue Reading...

How We Tax the Poor

Imagine you’re a single mom with one child who receives $19,300 a year in government benefits. A local business offers to hire you full-time at an hourly rate of $15 an hour. Continue Reading...

How Does Your State Rank For Integrity?

When Americans think of corruption, we tend to think of third world countries where getting anything done often requires bribing local government officials. We tend not to have such problems here; our corruption is more subtle and sophisticated, and often involves state level lawmakers. Continue Reading...

Is There a ‘Francis Effect’ on Climate Change Opinion?

For the past few years Pope Francis has made it clear he considers climate change to be an essential issue of concern. In his recent encyclical, Laudato Si’, he wrote that climate change is one of the “principal challenges facing humanity in our day.” Has Francis been able to convince American Catholics to share his concern? 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...