Acton Institute Powerblog Archives

Post Tagged 'economy'

Lessons from Poverty, Inc.

“An underlying theme in basic economics says, ‘offering a product for free can destroy the local economy’” writes Luis Miranda.  Miranda recently watched Poverty, Inc and since seeing the award winning Acton Institute documentary he has shared some of its lessons in an article at The Indian EconomistContinue Reading...

Financial deregulation expands opportunity

The Dodd-Frank Act became law in 2010, adding more regulation to a banking industry that was already heavily regulated.  The main purpose of this 2,300 page act was to give consumers protection against big profit seeking banks but the unintended consequences prove to be much greater.  Continue Reading...

Why not socialism?

“In spite of socialism’s sorry track record, millions of well-meaning people think it’s a virtual synonym for compassion,” says Lawrence Reed. “But socialists themselves are constantly retreating from their own handiwork. Continue Reading...

Diverse voters, deep passions: what 2016 exit polls tell us

As, no doubt, many readers are getting flooded on social media with think pieces and hot takes (not to mention apocalyptic worry or celebration), the point of this post is simply to look at what the data seems to indicate about those who voted for President-elect Donald Trump and his opponent, Sec. Continue Reading...

Does the equilibrium model work in the real world?

Note: This is the seventh post in a weekly video series on basic microeconomics. In previous videos in this series from Marginal Revolution University we learned how prices reach equilibrium and how the market works like an invisible hand coordinating economic activity. Continue Reading...