Acton Institute President and Co-Founder Rev. Robert A. Sirico had a busy media day yesterday in the wake of the release of the Supreme Court’s decision in the Hobby Lobby vs. Sebelius case. using the audio player below, you can listen to an interview with Rev. Sirico on The Michael Berry Show on Houston’s 740 AM KTRH radio where the impact of the decision is examined. Additionally, beyond the jump I’ve embedded Rev. Sirico’s appearance on Bloomberg TV’s Street Smart with Trish Regan, where he participated on a panel discussing the decision.
It seems like nowadays everyone has a connection to someone who brews their own beer. Grand Rapids recently was named Beer City because of its lively microbrewery scene so this is especially true here. While this hobby can be very enjoyable and refreshing be aware that taking your hobby to the next step could be more difficult than you would imagine. Recent regulations have made it harder than ever for new craft beers to enter into the consumer market.
Entrepreneurs are the building blocks of all economies. Every company must come from somewhere to create what they are today. This can easily be seen by looking at any company from Apple all the way to Nike. The problem is that many large companies are now being protected from competition from small businesses by unnecessary regulations. (more…)
Acton president and co-founder, Rev. Robert Sirico was recently interviewed for Beliefnet by John W Kennedy, who writes about “the crossroads of faith, media, and culture.” They discussed a variety of issues, including the Church’s views on economics, the media portrayal as business as inherently evil, the Pope’s comments about economics, PovertyCure and more. See a portion of their discussion below:
John W Kennedy: In your view, how can government — and religion — help create an atmosphere in which free enterprise and business and do the most good?
Robert Sirico: Well, I think that there are several things. If we address it from the point of view of government, government should do what government should do — that is to guaranty freedom to people so that we defend the weakest in our society and the weakest members in our economy. We do this by the rule of law — to prevent violence, to demand restitution where violence has been already enacted, to ensure the rights of contracts and the right of property, the right of trade. In regard to contracts (Government should ensure) that when people say that they’ll work for a certain amount of money that they’re indeed paid what’s been agreed upon for their work rather than being exploited. (Government should) make sure that when people sell things to people that (customers) get what they have paid for. All of this is the function of law. (more…)
This morning, Acton Institute President Rev. Robert A. Sirico took some time away from his preparations for Acton University to speak with Jim Engster, host of The Jim Engster Show on WRKF radio in Baton Rouge, Louisiana, discussing how to address the issue of poverty in society, and the approach taken by Pope Francis and the church in general to that and other issues. They also discussed the problems with the ObamaCare model of health-care reform, among other issues. You can listen to the interview using the audio player below.
Rev. Robert Sirico was recently on WSJ Live, talking to Simon Constable about Pope Francis and his shakeup of Vatican finances:
Acton Institute President and co-founder, Rev. Robert Sirico was recently interviewed on both Bloomberg TV as well as Fox & Friends’ Varney & Co. Sirico spoke with Trish Regan on Bloomberg’s “Street Smart” about financial reform in the Vatican:
I am not an economist. Truth be told, I only took one class in economics as an undergrad. However, I’ve learned a lot in the past few years, and one of the things I’ve learned is that most people don’t understand economics.
Pascal-Emmanuel Gobry knows this as well, and explains it far better than I could. In today’s Forbes, Gobry breaks down the understanding of economics into two broad camps: the “productivist” view and the “creativist.” First, the productivist:
Violently compressed, the productivist view of the economy holds that an economy works because it gives people stuff to do and stuff to buy. The reason why an economy which hums along hums along is because it produces enough stuff and people have enough money to buy that stuff so that people buy stuff and that gives jobs to the people who produce stuff, and in turn the stuff that is produced makes people want to buy them. To the productivists, the key thing is to keep the machine running and, hopefully, make it run faster, and more efficiently. But, fundamentally, what makes the economy run is this consumerist dynamic.
This, Gobry says, is the way most people – even economists – understand economics. It’s right in the short-term, but flawed. This viewpoint holds that economics is merely an endless cycle of buying and selling. As long as there is products are made, bought and sold, everything should be okay. (more…)