Acton Institute Powerblog Archives

Post Tagged 'Bastiat'

Hades is a bad economist

Late 16th century icon of Jesus’s decent to Hades and resurrection by Markos Bathas (1498-1578). Public domain.   This Sunday Christians all over the world (East and West together this year!) celebrated Easter or Pascha, the feast of the Resurrection of Jesus Christ, the holiest day of the liturgical year, the beginning of a festive season that lasts for the next forty days. Continue Reading...

5 victims of the $15 minimum wage

As protests for a $15-per-hour minimum wage continue to rage across the country, cities like Seattle and states like California and New York have already begun to adopt such schemes. But alas, prices are not play things, and such measures are bound to reap a range of deleterious effects, from raised consumer prices to increased unemployment to reduced working hours to outright business closures. Continue Reading...

Income Inequality and Legal Plunder

Fueled, in part, by the Pope’s passionate appeals, the campaign to reduce income inequality is growing rapidly around the globe. The income equality movement argues that there is a growing gap between the incomes of top earners and everyone else. Continue Reading...

Liberals Acting Illiberally

“Liberal: not bound by traditional ways or beliefs.” A “liberal” then, would be a person who is open-minded, ready to listen to another point of view. “I’m not bound to any traditions; I’m open-minded. Continue Reading...