Acton Institute Powerblog Archives

Post Tagged 'economy'

Allen and Novak on Caritas in Veritate

There has been much discussion, commentary, and debate on Pope Benedict’s much anticipated encyclical on the economy Caritas in Veritate (remarkable for a statement that has not yet been released).  At the PowerBlog, we will keep you informed on what is being said about the encyclical and, when it is released, we look forward to providing great coverage. Continue Reading...

Greening Jobs

A great deal of focus in the midst of the economic downturn has been on “green” jobs, that sector of industry that focuses on renewable sources of energy and that, according to some pundits and politicians, heralds the future of American economic resurgence. Continue Reading...

PBR: Do We Need a New New Deal?

In response to the question, “What are the moral lessons of the American Recovery and Reinvestment Act (ARRA)?” Perhaps the most effective historical trope in pushing through the massive stimulus package on Capitol Hill has been the notion that if only the New Deal of the 1930s hadn’t had to wait more than three years for the election of FDR, the Great Depression might have been avoided. Continue Reading...

One Good Thing about Term Limits

I’m ambivalent about the value of term limits, but one thing that can certainly be counted in their favor is that they (at some point at least), force lawmakers to go out and try to make a living in the economic environment which they helped to shape. Continue Reading...

Free Trade Follies

Last week presidential candidate John McCain distanced himself from economic adviser Phil Gramm, after Gramm’s comments that America had become a “nation of whiners” and that the current concerns over a lagging economy amounted to a “mental recession” rather than any real phenomena. Continue Reading...

Spending the Stimulus

Last week the Providence Journal ran a piece by me on the forthcoming “rebate” checks from the government intended to be an economic stimulus, “The mandate is to ‘spend all you can’.” I take issue with the idea that the government gives us money that is our own in the first place, and then tells us how we ought to spend it: on consumables and retail goods to spur growth in the economy. Continue Reading...

Bashing Globalization in the Name of European ‘Values’

Hostility towards globalization is not the exclusive territory of the left in Italy. Giulio Tremonti, a former minister of the economy in Silvio Berlusconi’s centre-right government, has written a book called Fear and Hope (La Paura e la Speranza), largely arguing against free trade and the opening of international markets. Continue Reading...

Pro-Growth Environmentalism?

This article at the WSJ reviews a book that purports to be about progressive environmentalism. Doomsday is out. Nobody cares. People need material well-being before they are interested in environmentalism at all. Continue Reading...

Trivial Pursuit

Here’s a map of the US that replaces state names with the names of countries with similar GDPs. Pretty fascinating stuff in that it allows a look at just how huge the US economy really is. Continue Reading...

Do Nothing, Save the Planet

“If a man will not work, he shall not eat.” That’s a good rule, I think. The Care of Creation blog is noting, however, that “people who work longer hours use more energy and generally contribute more to the decline of the ecological quality of life on planet earth.” The basis for the claim is a report that comes from the Center for Economic and Policy Research, and “finds that if all countries worked as many hours per week as U.S. Continue Reading...