Acton Institute Powerblog Archives

Post Tagged 'social security'

Hades is a bad economist

Late 16th century icon of Jesus’s decent to Hades and resurrection by Markos Bathas (1498-1578). Public domain.   This Sunday Christians all over the world (East and West together this year!) celebrated Easter or Pascha, the feast of the Resurrection of Jesus Christ, the holiest day of the liturgical year, the beginning of a festive season that lasts for the next forty days. Continue Reading...

Explainer: What is President Obama’s Budget?

What is the President’s budget? Technically, it’s only a budget request—a proposal telling Congress how much money the President believes should be spent on the various Cabinet-level federal functions, like agriculture, defense, education, etc. Continue Reading...

Stan Druckenmiller on Intergenerational Theft

In a recent interview in the Wall Street Journal, billionaire Stan Druckenmiller discusses his recent university tour sounding the alarm on intergenerational theft. The article paraphrases his case: [W]hile today’s 65-year-olds will receive on average net lifetime benefits of $327,400, children born now will suffer net lifetime losses of $420,600 as they struggle to pay the bills of aging Americans. Continue Reading...

Commentary: Buying Off Discontent

“There has always been a generous spirit in America towards the downtrodden, but it’s time to realize that we are no longer being generous: the government is leading us merrily along the path of fiscal fugue,” writes Elise Hilton. Continue Reading...

Toiling for Pharaoh

My friend John Teevan of Grace College sends out a monthly newsletter, “Economic Prospect.” He passes along this in the current edition: I found this note from a newly retired accountant (age 66) who has not gone on social security yet. Continue Reading...

America’s Looming Demographic Disaster

“Our world is overpopulated.” If you repeat something often enough, it becomes “truth”. In 1968, Paul Ehrlich wrote The Population Bomb, warning that we’d all soon be fighting over food, space, and power as the earth sagged under the weight of all those darned people. Continue Reading...

The Complexities of Paul Ryan

Some proponents of limited government understandably yearn to see Mitt Romney’s recently announced running mate, Paul Ryan, as something like the pure intellectual descendent of Friedrich Hayek and Milton Friedman. Some on the left, meanwhile, will be tempted to portray him as a heartless monster who only wants to enrich the 1 percent. Continue Reading...

ResearchLinks – 07.13.12

Conference: “Free Markets with Solidarity and Sustainability: Facing the Challenge” Ethical human agency is only possible with freedom. Freely turning to the good, which the Creator has given us, is the highest sign of human dignity. Continue Reading...