Acton Institute Powerblog Archives

Post Tagged 'Business/Finance'

Don’t Knock the Laffer Curve

Michael Kinsley has a column up at The Politico in which he claims to debunk a series of Reagan myths. The one that annoys me the most is the one that is obviously and clearly incorrect and at the same time gets the least explanation from Kinsley. Continue Reading...

What We Have Here is a Failure of Political Leadership

In yesterday’s edition of the Grand Rapids Press, editorial page editor Ed Golder reflects on the implications of the historically-high levels of government spending, the deficit, and debt. Most impressively, Golder notes where the government is actually spending money, and it is largely not in the areas of discretionary spending that so many politicians like to talk about. Continue Reading...

The Audacity of Austerity

The title of this post borrows from a phrase I employ in the conclusion of tomorrow’s Acton Commentary on the prospects for austerity in America after today’s mid-term elections. (I can’t claim to have coined the term, since about 4,270 other instances of the phrase show up in a Google search, but I like it nonetheless.) Today I’ll simply highlight a few of the relevant stories that I’ve noted on this theme over recent weeks and months. Continue Reading...

How Do You Say ‘Crony Capitalism’ in Hebrew?

It turns out there’s a phrase for the reality of ‘crony capitalism’ in Hebrew: hon v’shilton, which is “literally translated as capital and government, an expression Israelis use to describe the rich’s influence on government.” Check out Bloomberg Businessweek for an overview of current controversy on Israel’s “business elite.” Of course business need not corrupt government. Continue Reading...