Happy Money

In his August 24, 2014 syndicated column Scott Burns tells of a study by Dunn and Norton who give five principles for having “Happy Money.” Buy experiences not things: go to Chicago rather than buy a new stuff. Continue Reading...

What Christians Should Know About Money

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Money What it Means: In economics, money is a broad term that refers to any financial instrument that can fulfill the functions of money (more on that in a moment). Continue Reading...

How Bitcoin Could Help the World’s Poor

Bitcoin is dead, long live Bitcoin. A few weeks ago the IRS killed off any chance that Bitcoin could become a mainstream currency. That’s probably for the best since it clears the way for it to become something much more important: the world’s first completely open financial network. Continue Reading...

Samuel Gregg on Just Money

“If a society regards governmental manipulation of money as the antidote to economic challenges,” writes Acton research director Samuel Gregg at Public Discourse, “a type of poison will work its way through the body politic, undermining justice and the common good.” Money: it’s on everyone’s mind sometimes. Continue Reading...

How the IRS Killed Bitcoin as a Currency

“For federal tax purposes, virtual currency is treated as property.” With those ten words, the IRS has made it more difficult — if not impossible — for bitcoin and other virtual currencies from gaining widespread, mainstream acceptance as a currency for commercial transactions. Continue Reading...

How Debit Cards Can Fight Street Crime

When bank robber Willie Sutton was asked why he robbed banks, he is (mis)quoted as having said, “Because that’s where the money is.” Turns out that is also why there is more street crime in poorer neighborhoods: because that’s where the cash is. Continue Reading...

Bitcoin is (Nearly) Dead

Last year I wrote a series of blog posts about what Christians should know about Bitcoin. In response, one astute reader pointed out an odd juxtaposition: my conclusion seemed to imply that Christians should avoid Bitcoin “at all cost” and yet the Acton Institute accepts donations in Bitcoin. Continue Reading...

The Godly Stewardship of Money

I certainly like where Dr. Calder ends up, but I’m not quite so sure about the argumentation he uses to get there. This short video is worth checking out: “Breaking the Power of Money” (HT: ESN blog). Continue Reading...

Acton Institute Now Accepts Bitcoin Donations

Over the course of 2013 we’ve enabled new methods of giving including Dwolla and PayPal.  Additionally, recurring monthly donations are now possible via PayPal and credit card. This week we’re introducing the ability to donate with Bitcoin, the popular digital currency.  Continue Reading...

College and the Value of a Paycheck

Floyd “Money” Mayweather Over at Think Christian today, I explore the connection between higher education as a means to greater earning power in “The myth of lucrative college majors.” I argue that “the size of a paycheck is not the only factor worth considering,” and go on to detail what a paycheck does and does not represent. Continue Reading...