Acton Institute Powerblog

Promoting free societies characterized by liberty & religious principles

Peter Schweizer Talks Congressional Insider Trading

In his bestseller, Throw Them All Out, Peter Schweizer declares, “The Permanent Political Class has no sense of urgency to change because, for them, business is good.” Schweizer, who is interviewed in the latest issue of Religion & Liberty, appeared today on the Mike Huckabee radio show to talk congressional insider trading. Continue Reading...

Will Pope Francis Go Left on Economics?

Will Pope Francis promote a leftist view of economics? Hot Air’s Ed Morrissey asked that question of Kishore Jayalaban, Director of Acton’s Rome office. Jayalaban says the impression that Francis will push economic arguments to the left is a misunderstanding of both Catholic economic thought and the economic situation in Argentina—where capitalism is much more rife with cronyism and corporatism than in the US. Continue Reading...

The Fiscal Cliff Deal and Intergenerational Justice

So … what happened? With regular coverage of the US “Fiscal Cliff” running up to the new year, PowerBlog readers may be wondering where the discussion has gone. While I am by no means the most qualified to comment on the matter, I thought a basic summary and critique would be in order: With six minutes to read this 157 page bill, the US House of Representatives passed it. Continue Reading...

On the Importance of Definitions

I recently asked the question at Ethika Politika, “Which Capitalism?” (also the title of my article), and I followed it up with a related question here regarding the relationship between distributism and capitalism (is the former a form of the latter?). Continue Reading...

The Free-Market Case Against Big Business

“The most dangerous enemies of capitalism today are capitalists,” says Timothy P. Carney. “This is becoming clearer every day to people committed to free markets.” The conservative and libertarian grassroots came to deeply distrust big business after the Wall Street bailouts and Obama’s stimulus and health care bills, both of which had big-business backing. Continue Reading...

‘Addio, Dolce Vita’

That’s the title of this week’s survey of Italy in The Economist. The news for Italy is quite depressing. Its economic growth is the slowest in Europe, behind even France and Germany, its productivity is down while its wages are up, and a massive demographic crisis looms. Continue Reading...