Posts tagged with: acton institute

Blog author: jballor
posted by on Thursday, April 11, 2013

Bitcoin-coinsWe’ve had some intriguing discussion about Bitcoin at the Acton Institute offices today. It is certainly a phenomenon worth greater attention, and something of significant cultural, social and economic import. But I’m not buying Bitcoin, at least not yet.

My initial skepticism is in part due to my lack of familiarity with the details of the currency and its formation. I certainly need to learn more.

But also in large part my skepticism is due to my doubt about the productiveness of the effort that generates the currency. Is it merely fiat money without the pretensions? Is it the logic of subjective value-theory brought to the final conclusion? I worry that the computing power expended to mine BitCoins is vacuous and parasitic at its core. It does not represent a good or service that has been provided for or contributed to anyone.

A Bitcoin has value simply because people have decided it has value. People “mine” Bitcoins because, as Whately would note, “they fetch a high price.”

But what does a Bitcoin block represent in terms of actual human utility? I worry too that this is a system that relies parasitically on real-world resources, e.g. coal which provides a large part of the electricity, which is used to run computers so that they can then in turn “mine” something entirely virtual.

What is Bitcoin teaching us, really?

If you’ve had experience with Bitcoin or thoughts about the phenomenon, please share them in the comments below.

Blog author: mvandermaas
posted by on Thursday, April 4, 2013

We’re continuing to round up clips of Acton involvement in the media coverage of the recent papal conclave and the election of Pope Francis, and today we present two clips from across the pond that our American readers likely haven’t seen yet. First up, Istituto Acton’s Kishore Jayabalan joins Father Thomas Reese, former editor of America magazine and current fellow at the Woodstock Theological Center in Washington, DC, to discuss the conclave process as it progressed; the interview took place prior to the election of Pope Francis on March 13th.

Acton President Rev. Robert A. Sirico also made an appearance on the BBC, providing analysis for GMT with George Alagiah on March 14 following the election of Francis.

Metropolitan Hilarion (Alfeyev) of Volokoamsk

Metropolitan Hilarion (Alfeyev) of Volokolamsk

For Syria’s Christians, it’s a time of great peril and uncertainty. Over the Holy weekend, one Christian in Syria summed up the situation in The New York Times: “Either everything will be O.K. in one year, or there will be no Christians here.”

In Religion & Liberty, Metropolitan Hilarion gives considerable attention to the plight of Christians in Syria and the Middle East. On ecumenical relations, the Metropolitan also talks about the obstacles of a united front for Christianity because of doctrinal liberalism within some Protestant branches, who incessantly rebel against historic Christian teachings. Metropolitan Hilarion is a bishop of the Russian Orthodox Church and chairman of the Department of External Church Relations.

“First Citizen and Antillon” by Samuel Hearne is a timely contribution given the rise of religious persecution in America today. The Charles Carroll of Carrollton and Daniel Dulany debates in 18th century Maryland helped to advance religious freedom in the colonies. Charles Carroll was the only Roman Catholic signer of the Declaration of Independence and the last signer to pass away in November of 1832.

Timothy J. Barnett reviews Dennis Prager’s Still the Best Hope: Why the World Needs American Values to Triumph and Bruce Edward Walker reviews Silent Spring at 50: The False Crises of Rachel Carson.

The “In the Liberal Tradition” figure is Metropolitan Phillip II (1507 – 1569). Phillip was a martyred Russian Orthodox monk. His life and courageous testimony serves as an example for Christians everywhere.

One of the most misunderstood and maligned aspects of businesses throughout history and certainly today are profits. Profitable companies and services still stir considerable misunderstanding and even rage in some. Rev. Robert Sirico offers an excerpt on “The Role of Profits” from his book Defending the Free Market.

You can check out all of the content in the R&L issue here. The next issue features an interview with Peter Schweizer on cronyism. Schweizer is a best-selling author and fellow at the Hoover Institution.

If anyone is poor among your fellow Israelites in any of the towns of the land the Lord your God is giving you, do not be hardhearted or tightfisted toward them. Rather, be openhanded and freely lend them whatever they need. (Deut. 15:7-8)

As part of its annual summer program series, St. Vladimir’s Orthodox Theological Seminary is producing a conference on poverty on Friday, May 31, and Saturday, June 1. The event, held on St. Vladimir’s campus in Yonkers, N.Y., is being produced in collaboration with the Acton Institute.

The event, which looks at the causes of poverty, how Christians should respond to the poor, and broad questions of social justice, is offered as a tribute to Dn. John Zarras, a 2006 SVOTS graduate who earned his M.Div. degree over a period of several years as a late–vocations student. Deacon John also served as a member of the Board of Trustees and the president of the St. Vladimir’s Seminary Foundation.

If you register online before May 15, the seminary will waive the $50 registration fee.

Speakers include Jay Richards, author of Money, Greed, and God: Why Capitalism Is the Solution and Not the Problem and Senior Fellow at the Discovery Institute; Susan R. Holman, adjunct lecturer at Episcopal Divinity School, senior writer at Harvard Global Health Institute, and editor of Wealth and Poverty in Early Church and Society; and Michael Matheson Miller, Acton Institute Research Fellow.

Last night on Real News on The Blaze TV, Acton Institute Director of Research Samuel Gregg joined the panel to add his analysis of the current financial crisis in the nation of Cyprus, and the potential impacts that this crisis could have for other European Union nations that are currently trying to deal with financial issues of their own.

Gregg deals extensively with the problems of Europe in his book Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future, which is well worth your time, and you can check out his appearance on the Library of Law and Liberty Podcast as well on the same topic. His Blaze TV interview is below.

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Note: We’ve discovered an issue with different phone resolutions and app incompatibility.  This includes the Lumia 920 and HTC 8X phone models.  This error will be corrected soon and the post will be updated.  Currently, the app works on phones with the same resolution as the Lumia 822 (from Verizon).

We’ve launched a new app for phones that allows individuals using Windows Phones to access new content from Acton Institute.  This app joins our current lineup of Apple and Android offerings.  It provides the latest PowerBlog posts, Acton Commentary, and Flickr photos from Acton.  Other features include the ability to contact us, donate, and get to our social media pages like Facebook and Twitter quickly.

If you own a Windows Phone, be sure to download it from the Windows Marketplace here and keep up with us!  Don’t have a Windows Phone?  Be sure to check out Acton’s official Android or Apple app.

Something new and something a bit older today for our PowerBlog readers. First of all, Rev. Robert A. Sirico, President of the Acton Institute, joined host Mary Jones of The Mary Jones Show in Connecticut to discuss the Inaugural Mass of Pope Francis as well as how he is likely to handle some of the issues he will confront as he takes the helm at the Vatican.

Listen to the full interview here:

As for something a bit older: we also want to share this clip of analysis by Rev. Sirico on Pope Francis at the time of his election on Your World with Neil Cavuto on the Fox News Channel.

On the popular Italian news portal Ilsussidiario.net, Rev. Robert A. Sirico is interviewed about the social and political views of Pope Francis. To a question about Francis’ rejection of liberation theology, even as many of his fellow Jesuits embraced it, the Acton Institute president and co-founder replied that “it was a very brave thing that Pope Francis did at that time in Argentina, and all the more difficult because he had to confront his brother Jesuits who were attempting to politicize the Gospel and service to the poor.”

Read the complete interview “The option for the poor is not necessarily an option for the state” translated into English on Ilsussidiario.net

Francis_installationKishore Jayabalan, Director of Instituto Acton in Rome, joined host Michael Patrick Shiels on Michigan’s Big Show to discuss the mood in Rome on the day of Pope Francis’ Installation Mass. The theme of the day, according to Jayabalan, was one of “quiet, faithful, obedient service.” The Vatican estimates that between 150,000 and 200,000 people turned out for the event.

Listen to the full interview here:

Rev. Robert A. Sirico on Pope Francis IActon Institute President Rev. Robert A. Sirico has been in Rome all week for the Papal Conclave, and joined host Hugh Hewitt on The Hugh Hewitt Show yesterday afternoon to discuss the new pontificate of Pope Francis. What kind of a man is Pope Francis? What will his priorities be for his pontificate? What is his view on markets? All these questions and more are explored in the conversation.

Listen to the full interview here: