Acton Institute Powerblog Archives

Post Tagged 'economics'

Foreign Aid vs. Economic Freedom II

Jay Richards’ previous post on Richard Rahn’s article “Not Rocket Science” illustrates Huxley’s famous statement about a fact destroying a theory. Jay quotes Rahn’s lists of the politicians and development experts who support increased foreign aid. Continue Reading...

Everyone is Valuable

An excellent post by Bryan Caplan at EconLog examines the intentions of eugenics against the actual effects of the implementation of such policies. His point? “Even if genetics explained ALL differences in success, many policies that raise average genetic quality would backfire.” The reason is the Law of Comparative Advantage, or the reality that “trade between two people or groups increases total production even if one person or group is worse at everything.” Read the whole post for his proof, using a hypothetical case of Brains vs. Continue Reading...

Does American Charity Cheat the Tax Man?

A Stanford expert on philanthropy argues that tax-deductible American charity is actually a government subsidy and that philanthropy is not ‘redistributive’ enough. Acton’s Karen Woods points out (obvious to most) that helping the needy is not the exclusive domain of the state. Continue Reading...

A Harsh but Good Market

Apologies for a second Apple-related post in a row, but I thought this example might prove to be a decent case-study of competition in the marketplace. One of the new products that Apple recently introduced was iWeb, a new program that makes it easy “to create websites and blogs — complete with podcasts, photos and movies — and get them online, fast.” Why do I bring this up? Continue Reading...

Speaking of Oil

Arnold Kling at the excellent EconLog says that “the government should empty its strategic petroleum reserve and buy energy futures contracts instead. At some point, the futures market has to be taken seriously.” He concludes, “The government has all sorts of subsidies for alternative energy. Continue Reading...

A Tale of Two Monopolies

Monopoly #1: I was somewhat shocked the other day when I heard a strong critique of the much-vaunted Canadian national health care system on NPR. I wasn’t dreaming – here’s the link to prove it. Continue Reading...

2006 Index of Economic Freedom

Market Day in Romania The new Heritage Foundation/Wall Street Journal report on economic freedom is out, and the findings couldn’t be more straightforward. “The countries with the most economic freedom also have higher rates of long-term economic growth and are more prosperous than are those with less economic freedom,” the report says. Continue Reading...

Steyn on Secularism and Demographics

There’s a lot of buzz in the blogosphere on Mark Steyn’s “It’s the Demography, Stupid”, which appears in today’s OpinionJournal.com and is originally published in the January 2006 issue of The New Criterion. Continue Reading...

One Man’s Trash…

Sometimes one man’s trash is just trash. “Most people have no clue what’s involved with taking a garbage bag of stuff and getting it to the person who needs it,” said Lindy Garnette, executive director for SERVE Inc., a Manassas-based nonprofit that operates a 60-bed homeless shelter and food bank. Continue Reading...

The Stewardship of Space

As the newly-burgeoning field of space tourism takes the first steps towards reality, elements of the federal government are already pushing for stringent regulation. In a 60 Minutes report last night, the Ansari X Prize, “an extraordinary competition created in 1996 to stimulate private investment in space,” has spawned the new space race. Continue Reading...

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