Posts tagged with: acton institute

Banca_Monte_dei_Paschi_di_Siena_in_Pisa“Money has not only the character of money,” says Samuel Gregg in this week’s Acton Commentary, “but it also has a productive character which we commonly call capital.”

Like all medieval clergy, Olivi and Bernardine fiercely opposed usury. “Usury,” Bernardine wrote, “concentrates the money of the community in the hands of a few, just as if all the blood in a man’s body ran to his heart and left his other organs depleted.” Yet the same Bernardine also invested time in explaining why it was legitimate for creditors to charge interest on loans to compensate themselves for relinquishing the opportunity to invest their money elsewhere. In such circumstances, the lender had a right to be compensated for what amounted to foregone profits. “What,” Bernardine maintained, “in the firm purpose of its owner is ordained to some probable profit has not only the character of mere money or a mere thing, but also beyond this, a certain seminal character of something profitable, which we commonly call capital.”

The full text of the essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.

1600px-Tulip_00126-27“The temporal achievements of science, technology, inventions and the like also have a divine significance,” writes Abraham Kuyper in this week’s Acton Commentary, an excerpt from Common Grace: God’s Gifts for a Fallen World.

With the destruction of this present form of the world, will the fruit of common grace be destroyed forever, or will that rich and multiform development for which common grace has equipped and will yet equip our human race also bear fruit for the kingdom of glory as that will one day exist as the new earth, under the new heaven, overflowing with righteousness?

As everyone immediately realizes, this question is not without importance. If nothing of all that developed in this temporal life passes over into eternity, then this temporal existence leaves us cold and indifferent. Everyone without an appetite for eternal life will then advance in terms of that existence, but everyone seeking a better fatherland will be unable to feel any affinity for it. After all, one day everything will be gone, unlike the caterpillar that is wrapped like a chrysalis in order later to appear in more exquisite form as a butterfly, but instead like a stage on which a series of performances were exhibited but after which nothing remains but an empty floor and unsightly walls.

The full text of the essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.

This afternoon, Acton Institute President Rev. Robert A. Sirico joined host Neil Cavuto on Fox Business Network’s Cavuto: Coast to Coast to discuss Democratic Presidential Candidate Bernie Sanders’ visit to the Vatican to participate in a conference examining Pope John Paul II’s 1991 encyclical Centesimus Annus. You can watch the video below.

b-sandersWith the New York presidential primary only a few days away, most candidates are canvassing the state to drum up votes. But Bernie Sanders has taken a peculiar detour — to Rome. (Not Rome, NY. The one in Italy.)

Sanders is delivering a 10-minute speech this morning at a Vatican conference hosted by the Pontifical Academy of Social Sciences to commemorate the 25th anniversary of Saint John Paul II’s encyclical, Centesimus Annus. Sander’s will be speaking on economy and social justice.

In The Detroit News, Acton’s research director Samuel Gregg considers what Bernie might learn at the Vatican:

Acton Institute Director of Research Samuel Gregg was a guest on Thursday’s edition of Kresta in the Afternoon on the Ave Maria Radio Network; his conversation with host Al Kresta touched on Europe’s current struggles with Islamic terrorism, with a focus on this week’s attacks in Brussels, Belgium, and then shifted to a preview of Sam’s upcoming Acton Lecture Series address on Pope Francis, Poverty, and the Economy. If you’d like to attend that lecture here at the Acton Building on March 30, click here to register.

You can listen to the full interview via the audio player below.

og-fn-americas-news-hqOn Sunday, March 27, Acton’s President and Co-founder, Rev. Robert Sirico will join Shannon Bream and Leland Vittert on Fox News’ America’s News HQ. He will offer an Easter reflection and comment on any significant breaking news. You can catch him between 1 and 2PM Eastern. America’s News HQ on Fox News Channel reports the latest national and world news. It reports expert insight on health, politics and military matters.

021816PearceRichardsDebate-6In the Detroit News, Rev. Robert A. Sirico, co-founder and president of the Acton Institute, offers a commentary on the two-year battle with the city of Grand Rapids over the institute’s exempt status under state property tax law (see the March 15 Acton news release, “Acton Institute Prevails in Property Tax Dispute with City of Grand Rapids” for background). In his opinion piece, Rev. Sirico writes:

We were assured earlier from then-City Attorney Catherine Mish that it all wasn’t political, but a brief signed and submitted by assistant city attorneys tells another story.

The city made the accusation that the Acton Institute “is a politically driven think tank that publishes right-wing libertarian, philosophical and political propaganda tempered with extreme-right religious viewpoints.” The city further alleged that our educational curricula and publications were “tailored narrowly to the mission of spreading its right-wing libertarian viewpoint.”

It’s clear Acton was being denied this exemption for so long not on the merits, but on personal and political grounds. An undercurrent of menace is unmistakable throughout the brief, directed at our religious and economic teachings.

This is part of a larger trend of over-spending city bureaucrats targeting nonprofits to make up for the city’s own mismanagement of funds.

Read “When politicians want your money” in the Detroit News by Rev. Robert A. Sirico.

Also see the March 18 article “City on hook for $205K in tax decision” by Rachel Weick in the Grand Rapids Business Journal.

“We had asked the city at the very beginning of this process to identify for us why they believed we didn’t qualify. They could never articulate an answer for us,” said [Acton attorney Deborah] Ondersma. “I would say that the most disappointing part of the process for me as an attorney was to see the tone of the city’s briefing. That was surprising and disappointing to me.” (more…)