Chafuen celebrates Catalan critic of socialism

Jaime Balmes was a young Catalan priest who died 170 years ago and is largely forgotten today. But Alejandro Chafuen, Acton’s Managing Director, International, believes that Balmes deserves more attention for his economic ideas and his critiques of socialism.  Continue Reading...

Virginia Power Company Prudently Rejects Renewable Mandate Resolution

One of the greatest benefits of living in the United States is our access to plentiful, affordable domestic energy. These benefits extend to the nation’s poor who enjoy an unprecedented wealth of heat in the winter and air conditioning in the summer, plentiful light in the evening hours and electronic devices that power up at the press of a button. Continue Reading...

You Say You Want A Revolution? Count The EU Out

German Finance Minister Wolfgang Schaeuble is a frustrated man. With unemployment rates in Germany hovering at around 8 percent, and Greece and Spain at almost 60 percent, he believes the EU is on the brink of “revolution.” His answer is not to scrap the welfare model however; he wants to preserve it. Continue Reading...

The Injustice of US Educational Attainment

As commencement ceremonies once again are being celebrated around the country, I was reminded again of the moral crisis of US education. Elise Hilton recently surveyed the dismal employment rate among young adults in the US, writing that we have moved in twelve years from having the best rate in the developed world to being among the worst, following the path of Greece, Spain, and Portugal. Continue Reading...

How soccer won’t decide the Euro crisis, but still matters

In what was dubbed the “Bailout Game” of the 2012 European Championships, the German national team defeated their Greek counterparts, the 4-2 score only slightly representative of the match’s one-sidedness. The adroit, disciplined Deutscher Fuβball-Bund owned 64% of the ball, prompting at least one economic retainment joke and the asking of the question: What does this game mean for Europe? Continue Reading...

Samuel Gregg: Financial Fiddling while the Euro Burns

On National Review Online, Acton Research Director Samuel Gregg examines the push for a “transaction tax” to solve some of the fiscal problems in the European Union. The move would, Gregg explains, “levy a tax on any transaction on financial instruments (securities, loans, deposits, derivatives, and various asset classes) between banks, hedge funds, insurance businesses, investment companies, and other financial organizations whenever one contracting party is located in the EU.” That may not sound like much, but would apply to literally millions of financial transactions daily. Continue Reading...

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