Acton Institute Powerblog Archives

Economics and Social Problems

New Interview with Rev. Robert Sirico: ‘Socialism & Venezuela: What Can Catholics Learn?’

Fr. Robert Sirico was recently interviewed by Fr. Robert McTeigue, S.J., on The Catholic Current. Their topic: ‘Socialism & Venezuela: What Can Catholics Learn?’ The conversation was wide ranging. It begins with a consideration of the disastrous socialist commitment to central planning and its present fruit of shortages, starvation, and totalitarianism in Venezuela. Continue Reading...

The #YangGang has a $3 trillion problem

Entrepreneur Andrew Yang is running for president as a Democrat. Yang has made a Universal Basic Income (UBI) of $1,000/month to all American adults the centerpiece of his campaign. While Yang doesn’t show up in any polls, he has a growing internet following that can be found under the hashtag #YangGang (not to be confused with Chinese politician Yang Gang). Continue Reading...

Tyler Cowen finds economic answers in ‘Genesis’

Tyler Cowen, professor of economics at George Mason University and all around internet impresario, has a new column up at Bloomberg on his recent rereading of the Book of Genesis, Living standards rise throughout the book, and by the end we see the marvels of Egyptian civilization, as experienced and advised by Joseph. Continue Reading...

Democrats proposed subsidies do not make the rent any less high

Democratic Senators and Presidential candidates Kamala Harris and Cory Booker have both recently proposed legislation to address the issue of rising housing costs. Senator Harris’ bill ‘The Rent Relief Act’ and Senator Booker’s bill ‘Housing, Opportunity, Mobility, and Equity Act’ both focus on assisting people who pay more than 30% of their gross income on rent or, in the case of Senator Harris’s bill, rent and utilities. Continue Reading...