Acton Institute Powerblog Archives

Post Tagged 'employment'

The political implications of bitcoin

Prior to the publication of John Maynard Keynes’ The General Theory of Employment, Interest, and Money, balanced budgets reflected the received wisdom for governments. By making the case for debt spending in times of recession (and the virtually ignored case for restricting spending in times of growth), Keynes gave political leaders a license to abandon the requirement of balance. Continue Reading...

Called to the coalfields: How an Appalachian church is spurring economic action

Due to a rapidly changing economy and a range of excessive regulations from the federal government, the American coal mining industry is facing serious challenges. For states like West Virginia, the effects are particularly painful, as mining towns and communities struggle under a projected 23% decline in related jobs in recent years, leading vast numbers of residents to leave the state altogether. Continue Reading...