Acton Institute Powerblog Archives

Post Tagged 'economics'

Rising to the challenges of ‘so-so automation’

Fears about job loss and human obsolescence continue to consume the cultural imagination, compounded by ongoing strides in artificial intelligence and machine learning. The job-killing robots are almost at the door, we are told, mere moments away from replacing the last traces of human inefficiency and heralding the dawn of a world without work. Continue Reading...

Are billionaires evil?

Criticizing billionaires has become a popular cultural trend, based on anti-rich sentiment that was recently exacerbated by a ProPublica report that leaked the tax returns of the 25 wealthiest Americans. The report’s findings were interesting but not particularly surprising, mostly confirming the long-held speculation that the ultra-rich don’t pay taxes proportional to their levels of wealth and frequently use legal avenues to shield their earnings from the government’s fingertips. Continue Reading...

The moral deficit of inflationary spending

Spending! Relief! Infrastructure Investment! Build Back Better! These are words and sayings that have been bandied about throughout the past year. Anyone with a basic interest in the news cycle is bound to have heard that the federal government has proposed plans to spend trillions of dollars. Continue Reading...