Acton Institute Powerblog Archives

Post Tagged 'credit crisis'

Debt, Credit and the Virtuous Life

This week’s Acton Commentary: Our economic life is concerned with more than just the objective exchange of goods and services. Far from being morally neutral, it is an expression of how we understand our dependence on God and neighbor and is the means by which we fulfill, or not, our obligations toward them. Continue Reading...

Market and Government Failure

An essay of mine appears today over at the First Things website as part of their “On the Square: Observations & Contentions” feature. In “Between Market and State,” I explore the dialectic logic of market and government “failure,” which functions in part to provide us with a false dilemma: our solution to social problems must lie with either “market” or “state.” I work out this logic in the context of the sub-prime mortgage crisis, and conclude that non-profits play a critical role as mediating institutions that are not driven in the first place by profit motives. Continue Reading...

The Naughty List

You can view the most recent list of those companies that have received bailout assistance from the federal government via the Emergency Economic Stabilization Act of 2008 (EESA), executed through measures like the Troubled Asset Relief Program (TARP), here (PDF updated 12/16/08). Continue Reading...

The Economic Blame Game

Yesterday’s Grand Rapids Press had an attention-grabbing feature graphic, which highlights an online interactive “game” that gives more information about each of the candidates for the “economic blame game” bracket. Press Graphic/Milt Klingensmith The four brackets are broken down by group, so the four major categories at fault are 1) the financial industry; 2) consumers; 3) government; and 4) inexplicable forces. Continue Reading...

The Death of ‘Conservatism’

In the wake of the global financial crisis, stories from the pundit class and blogosphere abound proclaiming the imminent death of the conservative movement. This is part of a longer and broader discussion with roots in the post-Reagan era of American politics. Continue Reading...

The Common Sense Fix

Dave Ramsey’s got a three step plan to “change the nation’s future.” He’s calling it “The Common Sense Fix” (PDF). Here’s Dave’s prediction: Whichever presidential candidate or political party that champions this plan from their leadership down will likely become the next president. Continue Reading...

The ‘New’ Ownership Society

I don’t think government ownership is what President Bush had in mind when he talked about his vision for an “ownership society,” which had ostensibly included a plank focused on “expanding homeownership.” But it looks like that’s where we’re headed in an era of government takeovers and bailouts. Continue Reading...