Acton Institute Powerblog Archives

Post Tagged 'spending'

A Failure to Save

Photo Credit: Alan Cleaver via Compfight cc This first appeared in my newsletter, Economic Prospect, in late 2008. Looking back after five years I still like it. The American failure to save is matched by our insistence on spending to have it all. Continue Reading...

Toward Sustainable Wealth and Profit

Today’s NYT has an op-ed by David Brooks that’s been getting good cyber-circulation, “The Gospel of Wealth.” Brooks highlights in particular Southern Baptist pastor David Platt, who is touted as the youngest mega-church leader in the country. Continue Reading...

Victory for Government Tinkering?

The WSJ reports, to the relief of the White House and Capitol Hill, no doubt: “U.S. retail sales increased in May, rising double the rate expected in a sign consumers were using stimulus payments and that the economy might not be as weak as feared.” Whether or not this is really evidence of the “success” of the government stimulus package, you can be sure that it will be proclaimed as such from on high over the next days and weeks. Continue Reading...

A Newsworthy Stimulus

Late last month I argued that recipients of the federal government’s stimulus package “should use this rebate money as they see fit, since they are the ones most familiar with their own situations and their own needs. Continue Reading...

Spending the Stimulus

Last week the Providence Journal ran a piece by me on the forthcoming “rebate” checks from the government intended to be an economic stimulus, “The mandate is to ‘spend all you can’.” I take issue with the idea that the government gives us money that is our own in the first place, and then tells us how we ought to spend it: on consumables and retail goods to spur growth in the economy. Continue Reading...

Cutting Budgets and Taxes

Both of our major political parties have missed what seems so obvious. One says that we need more tax cuts to strengthen the economy. This is correct. The problem is that they are not willing to also make serious budget cuts. Continue Reading...

Restoring Congressional Integrity

There can be little doubt that one of the greatest political and economic problems in the US is the way that our Congress “earmarks” billions of dollars for special projects that benefit lawmakers in their bid for personal security and re-election. Continue Reading...