Defending Free Markets and Private Property

Earlier this week on the Acton Institute Facebook page, Rev. Sirico’s archived article “What is Capitalism?” was posted and sparked a lively discussion between two people (click here to see our Facebook page and the discussion). Continue Reading...

American Independence and the Spirit of Liberty

Ralph Waldo Emerson quipped “There is properly no history; only biography.” It’s a line that lends to exaggeration for effect but speaks to the centrality of narrative and story. One of the great books I had the pleasure of reading about in regards to our story of independence is Paul Revere’s Ride by David Hackett Fischer. Continue Reading...

Personal Morality and Government Oversight

Elise Amyx recently published an interesting post about the Dodd-Frank Wall Street Reform and Consumer Protection Act, focusing on financial regulation.  Another interesting look at regulation concerns the “Ponzi scheme” that Bernard Madoff was apprehended for three years ago. Continue Reading...

Mouw on Kuyper and Culture

Richard Mouw, president of Fuller Theological Seminary and a member of the editorial advisory board for the Journal of Markets & Morality, has written a memoir reflecting on his introduction to and engagement with the thought of Abraham Kuyper. Continue Reading...

Zero-Sum Game Economic Fallacy

Imagine this:  a teacher tells her high school students that they are going to enjoy a chocolate cake, while learning about food distribution and economics.  (As a former high school teacher, I assure you, most of the students heard nothing past the word, “cake”.) The teacher then divides the students into three groups.  Continue Reading...

More Money, More Government, More Problems

Black men and women in America are faced with many problems. Only 47 percent of black males graduate from high school on time compared to 78 percent for white males. In America between 1970 and 2001, the overall marriage rate declined by 17 percent; but for blacks, it fell by 34 percent. Continue Reading...

Dodd-Frank: Regulation Cannot Build Character

Dodd-Frank regulations, originally scheduled to take effect on July 16, are intended to create market stability. Instead, they are doing just the opposite. Regulations aimed at financial derivatives, incorporated into the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law last July, have recently been rescheduled to take effect on December 31. Continue Reading...

‘Narrative Matters’

Ben Shapiro was at the Heritage Foundation recently to talk about his new book, Primetime Propaganda: The True Hollywood Story of How the Left Took Over Your TV. Publisher HarperCollins describes the book as “the inside story of how the most powerful medium of mass communication in human history has become a propaganda tool for the Left.” Shapiro made the point at Heritage (see the video of his talk here) that conservatives underestimate the power of narrative and its purpose — moving the emotions — and that’s the case we’ve been making here at the PowerBlog for some time. Continue Reading...

Fighting Hunger Together

Bread for the World CEO David Beckmann once said, “We can’t food-bank our way to the end of hunger.” As I said then, if “changing the politics of hunger” means that more people are getting food assistance from the government rather than food banks and community efforts, count me out. Continue Reading...