The value of trust—and how to create it

Trusting strangers not only makes our lives easier, it makes our country more prosperous. As economist Tim Hartford says, “One of the underrated achievements of the modern world has been to develop ways to extend the circle of trust by depersonalising it.” How do we create and extend these “circles of trust”? Continue Reading...

Top 10 Reasons to Rely on Private Sector Markets

This week’s Acton Commentary from Baylor University economics professor John Pisciotta: Americans have less confidence and trust in government today than at any time since the 1950s. This is the conclusion of the Pew Research Center survey released in mid-April. Continue Reading...

Patients and Doctors

In an Acton Commentary this week, I argue that a critical piece of any comprehensive and meaningful reform of the health care system must include malpractice litigation (tort) reform. Part of what makes this so urgent is that the litigious climate in which we live has eroded the doctor-patient relationship. Continue Reading...

Christmas and the Cross

Two of Eric Shansberg’s recent PowerBlog posts got me thinking of some other things I had run across in the last couple weeks during the run-up to Christmas Day. The first item, “Santa and the ultimate Fairy Tale,” quotes Tony Woodlief to the effect that “fairy tales and Santa Claus do prepare us to embrace the ultimate Fairy Tale.” Schansberg’s (and Woodlief’s) take on this question is pretty compelling and worth considering, even though I’m not quite convinced of the value of the Santa Claus fable. Continue Reading...