Price Controls and Communism

Note: This is post #30 in a weekly video series on basic microeconomics. What happens when price controls are used in communist countries? As Alex Tabarrok explains, all of the effects of price controls become amplified: there are even more shortages or surpluses of goods, lower product quality, longer lines and more search costs, more losses in gains from trade, and more misallocation of resources. Continue Reading...

How socialism ruined Brazil

The popularity of the Bernie Sanders’s presidential campaign revealed how popular socialism is with a large swath of Americans. But how has socialism worked out in other countries? Felipe Moura Brasil, a journalist and columnist for Veja magazine, explains how his country has fared under socialism. Continue Reading...

Video: Paul Bonicelli on Trump’s way forward after AHCA

Acton Institute Director of Programs and Education Paul Bonicelli joins host Liz Claman and columnist and pundit Ellis Henican on Fox Business Channel’s “Countdown to the Closing Bell” to discuss the way forward for President Trump after the failure of congressional Republican efforts to repeal Obamacare. Continue Reading...

Video: Anne Rathbone Bradley on why Christians must support economic freedom

The 2017 Acton Lecture Series continued on March 3rd with an address by Anne Rathbone Bradley, Vice President of Economic Initiatives at the Institute for Faith, Work & Economics. Bradley explained that economic freedom is a necessary condition for each of us to contribute to and partake in human flourishing; Christians need to understand this fact and support economic freedom in order to allow everyone to be able to use their God-given gifts to participate in the redemption of His creation, and to better serve their families, neighbors, and others that they may not even know. Continue Reading...