Acton Institute Powerblog Archives

Post Tagged 'economic stimulus package'

Re: Broken Windows – University Funding Edition

As Kishore Jayabalan noted yesterday, the fallacy of “broken windows” is, unfortunately, ubiquitous in discussions of public finance and macroeconomics. Though we are told that government spending and public works have a stimulating effect on economic activity, rarely are the costs of such projects discussed. Continue Reading...

Acton Commentary: An Ode to Power

“Power permits people to do enormous good,” Lord Acton once said, “and absolute power enables them to do even more.” This wisdom from the nineteenth-century’s champion of state prerogative applies as well today. Continue Reading...

Wilcox: God Will Provide — Unless the Government Gets There First

In a recent Wall Street Journal column, W. Bradford Wilcox looks at the “boost” that President Obama will give secularism through his rapid expansion of government. An Associate Professor of Sociology at the University of Virginia and a member of the James Madison Society at Princeton University, Wilcox is also a 1994 graduate of the Acton Institute’s Toward a Free and Virtuous Society program. Continue Reading...

Dave Ramsey’s Financial Ministry

Thanks to Clear Channel Radio, I was able to attend Dave Ramsey’s event in Grand Rapids last night. I used to listen to Ramsey on the radio quite a bit as a seminary student in Kentucky and I was always impressed by how much he was inspiring American families to live within their means and become better financial stewards of their resources and income. Continue Reading...

An Alternative Stimulus

Washington is all atwitter about the “Stimulus,” which is currently being pushed through Congress (without being read by most members). Acton’s own Michelle Muccio has come up with a plan of her own, and did a bit of independent research to see if her proposal would find any support: Continue Reading...

Roepke was right

In my Winter 2007 article on economic globalization for AGAIN Magazine, I quoted economist Wilhelm Roepke. (AGAIN is published by Conciliar Media Ministries, a department of the Antiochian Orthodox Christian Church of North America). Continue Reading...

Victory for Government Tinkering?

The WSJ reports, to the relief of the White House and Capitol Hill, no doubt: “U.S. retail sales increased in May, rising double the rate expected in a sign consumers were using stimulus payments and that the economy might not be as weak as feared.” Whether or not this is really evidence of the “success” of the government stimulus package, you can be sure that it will be proclaimed as such from on high over the next days and weeks. Continue Reading...

An Advertising Stimulus

One sector of the American public that hasn’t missed out on the government’s purpose for the economic stimulus package is the advertising and marketing industry. Savvy marketers are targeting sales and special offers to the federal rebate checks, which start to go out today. Continue Reading...

A Newsworthy Stimulus

Late last month I argued that recipients of the federal government’s stimulus package “should use this rebate money as they see fit, since they are the ones most familiar with their own situations and their own needs. Continue Reading...

Spending the Stimulus

Last week the Providence Journal ran a piece by me on the forthcoming “rebate” checks from the government intended to be an economic stimulus, “The mandate is to ‘spend all you can’.” I take issue with the idea that the government gives us money that is our own in the first place, and then tells us how we ought to spend it: on consumables and retail goods to spur growth in the economy. Continue Reading...