Acton Institute Powerblog Archives

Post Tagged 'mortgage'

The Common Sense Fix

Dave Ramsey’s got a three step plan to “change the nation’s future.” He’s calling it “The Common Sense Fix” (PDF). Here’s Dave’s prediction: Whichever presidential candidate or political party that champions this plan from their leadership down will likely become the next president. Continue Reading...

Pols Behaving Badly

Last week an email newsletter from Sojourners featured a quote from U2 rock star and activist Bono (courtesy the American Prospect blog): It’s extraordinary to me that the United States can find $700 billion to save Wall Street and the entire G8 can’t find $25 billion dollars to saved 25,000 children who die every day from preventable diseases. Continue Reading...

The ‘New’ Ownership Society

I don’t think government ownership is what President Bush had in mind when he talked about his vision for an “ownership society,” which had ostensibly included a plank focused on “expanding homeownership.” But it looks like that’s where we’re headed in an era of government takeovers and bailouts. Continue Reading...

Bubble Behavior and Market Panic

Congress is debating a number of measures designed to “rescue” homeowners facing foreclosure as the housing and credit crisis grinds more and more financial and real estate assets to dust. Much of the reporting on the credit crisis, in the tradition of objective journalism, strains to explain the problem objectively, as if what was happening in the markets was somehow an act of nature, something unguided by human action. Continue Reading...

Circus Bailouts vs. Market Correction

In college I wrote a paper for a Latin American Politics class titled, Barnum & Bailey Circus bailouts. The paper took the position that another financial bailout of Mexico would be a huge mistake and would not be money well spent. Continue Reading...