Acton Institute Powerblog Archives

Post Tagged 'financial crisis'

Money, Greed and God at NRO

“We talk about what caused the financial crisis, whether ‘greed is good,’ and if ‘it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.’ It’s John J. Continue Reading...

Pope Benedict’s Encyclical and a New World Economic Order

In the midst of the release of his expected encyclical, Pope Benedict is calling for a new world economic order; a model that is “more attentive to the demands of solidarity and more respectful of human dignity.” Professor Philip Booth, editorial and program director of the Institute for Economic Affairs, and speaker at Acton University, was interviewed by The Catholic Herald, a UK paper, about the Pope’s upcoming encyclical: …it would be dangerous to follow a path of greater socialization and greater regulation of the economy and financial sector.  Continue Reading...

GM Bankruptcy A ‘Hammer Blow’ To Michigan

The Detroit News says the General Motors bankruptcy filing “is a hammer blow for a state that was already on its knees.” In an editorial, the paper calls for an “emergency response” from government and an entirely new orientation to attracting businesses and jobs to the state: Longer term, Michigan’s entire focus must be on creating a business climate that makes the state attractive for job creators in a wide range of industries. Continue Reading...

New report: Verdict on the Crash

Much of the blame for the current financial crisis has been aimed at Wall Street and the bankers who, the story goes, created toxic debt instruments and then lined their own pockets with the proceeds. Continue Reading...

‘The Morality of Mortgage Relief’

The National Catholic Register’s Tom McFeely interviewed Sam Gregg, director of research at Acton, about President Barack Obama’s $75-billion plan to help mortgage holders at risk of default. McFeely: What is your overall assessment of President Obama’s mortgage relief plan? Continue Reading...

Economic Justice for All Revisited

Catching up on “Revisiting the 1986 economic pastoral”, an article from October in the National Catholic Reporter: The bishops’ point “that Catholics’ moral life cannot be separated entirely from their economic life has relevance for what we’re going through now,” said Kevin Schmiesing, research fellow for the Acton Institute, a proponent of free markets. Continue Reading...