Acton Institute Powerblog Archives

Post Tagged 'economics'

Idle Young Americans: Are We Becoming Europe?

If  you’re a young American adult (the 25-to-34 age range), and you have a good job, count yourself blessed. Most of your peers aren’t so lucky. The New York Times reports that “[o]ver the last 12 years, the United States has gone from having the highest share of employed 25- to 34-year-olds among large, wealthy economies to having among the lowest.” Of course, young Europeans have been dealing with this for years. Continue Reading...

Think (and Read) before You Blog: A Response to Michael Sean Winters

Over at the National Catholic Reporter, Michael Sean Winters makes some comments about my book Becoming Europe based on a review he had read by Fr. C.J. McCloskey. Here are the most pertinent of his observations: I know that American exceptionalism lives on both the left and the right, but when did the right become so Europhobic? Continue Reading...

Bitcoin as ‘Super Fiat’ Currency

Joe has done us all a real service in putting together his three part (1, 2, 3) primer on Bitcoin (full PDF here). I am curious, though, what the justification is for referring to Bitcoin as a “commodity” currency. Continue Reading...

Crime and the Nanny State

“Crime has been in decline,” says Acton Research Fellow Jonathan Witt, in an article for The American Spectator, “but current government policies are bound to reverse this trend.” Against the backdrop of sluggish growth and high unemployment, one bright spot has been declining crime rates, with levels in the United States now about half what they were 20 years ago. Continue Reading...

Cell Phones, Microfinance, and Poverty

A recent report by the United Nations states that out of the world’s seven billion people, six billion have a mobile phone, but only 4.5 billion have a modern toilet. In India, there are almost 900 million cell phone users, but nearly 70 percent of the population doesn’t have access to “proper sanitation.” Jan Eliasson, the UN Deputy Secretary General has called this a “‘silent disaster’ that reflects the extreme poverty and huge inequalities in world today.” Despite the lack of sanitation, most people are able to afford a mobile phone with a wide range available for [$15] or less and the price of calls reducing from [15c] a minute to [3c] a minute in the last decade. Continue Reading...

Commentary: Buying Off Discontent

“There has always been a generous spirit in America towards the downtrodden, but it’s time to realize that we are no longer being generous: the government is leading us merrily along the path of fiscal fugue,” writes Elise Hilton. Continue Reading...