The Diabolic Comedy

Jeffery C. Pugh has landed every blogger’s dream: the book deal for a best-of collection of his musings. Devil’s Ink: Blog from the Basement Office is an answer to the question “What if Satan kept a blog?”—one of several (the opportunity to pun is apparently irresistible) all of which immediately invite comparison with C.S. Continue Reading...

Key to Economic Flourishing

It is nice to know that we here at Acton have friends in high places.  This article at Catholic Exchange by George Weigel points out that Blessed John Paul II had some keen insights into what makes economic life flourish: “John Paul taught that what the Church proposes is not simply the free society, but the free and virtuous society. Continue Reading...

Valedictory: Sacrifice and Financial Success

Earlier this month, I spoke at the commencement of Trinity School at Meadow View, a truly impressive private high school school in Falls Church, Va. Most impressive was the valedictory address given by the graduating senior Beau Lovdahl, who is on his way to Princeton in the fall. Continue Reading...

Vatican banker: Western economies risk ‘continual decline’

On NewsMax, Edward Pentin reports that “the president of the Vatican Bank has said that emerging economies may be the only countries experiencing economic growth over the coming decades, while Western nations are crippled by lack of productivity, uncompetitive labor markets, and aging populations.” Ettore Gotti Tedeschi said the “next decades risk seeing exclusively the growth of emerging countries, and not just because of their low cost of production but also due to their advanced technological level and capacity to create capital, which is far superior to that of the old West.” The English translation of Tedeschi’s comments have been published in the editorial “Re-inventing labor” on the website of the Vatican newspaper, L’Osservatore Romano. Continue Reading...

Gregg: Europe’s Not-So-Revolutionary Youth

The European Union’s finances are in a dismal state, and are requiring governments to revaluate the “welfare state.”  Samuel Gregg articulates in his article appearing in The American Spectator, “Europe’s Not-So-Revolutionary Youth,” that a youth movement called les indignés or los indignados, depending on where you are, is resisting the reforms being proposed: This time, however, things are different. Continue Reading...

Beginning of the End of Corn Ethanol?

Ethanol subsidies, once considered a sacred cow, are facing the possibility of being axed from the budget. The Senate cast a deciding vote, 73-27 in repealing the 45 cent per gallon subsidy to refiners for blending gasoline with ethanol, and the 54 cent per gallon tariff on imported ethanol. Continue Reading...

Capitalist Anthropology

On RealClearMarkets, Mark Hunter dismantles “The End of Capitalism and the Wellsprings of Radical Hope,” by Eugene McCarraher in the Nation magazine. McCarraher’s article appears to be destined for the ash heap of Marxist utopian literature. Continue Reading...

Praying for More Tax Revenue?

We’ve all heard of presidents, governors, and other civil leaders calling citizens to prayer in times of great need. In April, Texas governor Rick Perry called on his citizens to pray for rain because of an extreme drought. Continue Reading...