What has God got to do with banking and finance?

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PowerLinks 03.16.18

Foreign Aid Is Not the Answer to Global Poverty. Look to Freedom. Patrick Tyrrell, The Daily Signal High levels of economic freedom are strongly correlated with lower levels of poverty. Five times US tariffs have made matters worse Lexi Peery, CapX The ‘Black’ Tariff, designed to lower rates, raised them 40 per cent and divided the US. Continue Reading...

What Christians should know about tariffs and balance of trade

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The purpose of the series is not to present a theology of economics, but simply to provide a basic level of understanding that will help Christians think more clearly about how to apply their faith commitments to economics and public policy. Continue Reading...

PowerLinks 03.15.18

US Catholics More Concerned About Climate Change Than Persecuted Christians Sarah Eekhoff Zylstra, Christianity Today Most think persecution is severe, but only half are very concerned or strongly support asylum or financial aid. Continue Reading...
PowerLinks

The long road back from Communism

“In 1989, Communism finally collapsed,” writes Mihail Neamţu, a Romanian thinker and public intellectual, in this week’s Acton Commentary. “On our first official post-communist Christmas holiday, my family was hoping that the political landscape of Eastern Europe would quickly be shaped by healthy democratic institutions, secure private property and free trade, economic competition, as well as a robust sense of personal responsibility.” Nearly 20 years later, the anticipated reforms have been abandoned, the economy sputters, and Romanian society remains stubbornly statist: State monopolies still govern the transportation, healthcare, energy, and education sectors. Continue Reading...

How real GDP helps us know if we’re ‘better off’ than before

Note: This is post #71 in a weekly video series on basic economics. “Are you better off today than you were 4 years ago? What about 40 years ago?” These sorts of questions invite a different kind of query, says Alex Tabarrok: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not? Continue Reading...

Radio Free Acton: Business FX on purpose and fulfillment in the workplace; Econ Quiz on tariffs; Upstream on the beat poets

On this episode of Radio Free Acton, John Couretas, Director of Communications at Acton, talks to Phil Sotok, management consultant with DPMC, examining purpose, fulfillment and ethics in the workplace. Then, on the Econ Quiz segment, Caroline Roberts speaks with Aquinas College professor of economics, Dave Hebert on the newly proposed steel and aluminum tariffs. Continue Reading...

PowerLinks 03.14.18

A Catholic bishop and his rural Chinese parish worry about a deal between Beijing and the Vatican Emily Rauhala, Washington Post For decades, the Vatican and the Communist Party have been at odds over Catholicism in China, particularly on the question of who appoints clergy — the Holy See or Beijing. Continue Reading...