Acton Institute Powerblog Archives

Post Tagged 'inflation'

The Impious Legacy of US Education

“Even the conventional everyday morality,” writes Vladimir Solovyov, demands that a man should hand down to his children not only the goods he has acquired, but also the capacity to work for the further maintenance of their lives. Continue Reading...

Forms of ‘Financial Oppression’

From Marketwatch today, “Morgan Stanley warns on sovereign defaults”: “Outright sovereign default in large advanced economies remains an extremely unlikely outcome,” they said. But bondholders could suffer losses from forms of “financial oppression,” such as repaying debt with devalued currency, the analysts warned. Continue Reading...

Deficits, Debt, and Self-Deception

This week’s Acton Commentary: Deficits, Debt, and Self-Deception By Samuel Gregg It passed almost unnoticed, but in late July the Obama Administration raised the Federal Government’s budget deficit forecast for fiscal year 2011 to $1.4 trillion. Continue Reading...

Inflation: A Moral Problem

Despite signs of a cooling economy, the Fed is holding the line on interest rates. And reason is fairly simple: Worries about inflation. While there are many good reasons for fiscal restraint in the face of the inflation threat, there are also larger moral issues at work, says Sam Gregg. Continue Reading...

Economic Turmoil in Zimbabwe

Where in the world would you pay $145,750 for a roll of toilet paper? According to an article in the New York Times, inflation in Zimbabwe is soaring higher than ever — about 900 percent since President Mugabe began seizing land from wealthy landowners in 2000. Continue Reading...