Religion & Liberty Online Archives

Acton Occasional Series

January 29, 2019

Why governments create inflation

Note: This is post #108 in a weekly video series on basic economics. Most people do not like when prices rise so most people do not like inflation. But there is one sector that sometimes finds inflation beneficial: government. Continue Reading...
January 24, 2019

5 Facts about adult illiteracy

Adult illiteracy is one of the most overlooked socio-economic problems in America. Illiteracy can increase unemployment and poverty while lowering family stability and community flourishing. Here are five facts should know about adult illiteracy in America: 1. Continue Reading...
January 22, 2019

Understanding the causes of inflation

Note: This is post #107 in a weekly video series on basic economics. In the last post in this series we learned that according to the quantity theory of money, if the amount of money in an economy doubles the price levels also double, causing inflation. Continue Reading...
January 21, 2019

5 facts about Martin Luther King, Jr.

Today Americans observe a U.S. federal holiday marking the birthday of Rev. Dr. Martin Luther King, Jr. It is observed on the third Monday of January each year, which is around the time of King’s birthday, January 15. Continue Reading...
January 17, 2019

6 Quotes: John C. Bogle on capitalism, values, and virtue

John C. Bogle, founder of the Vanguard Group of Investment Companies, died yesterday at the age of 89. Bogle popularized the practice of indexing, the practice of structuring an investment portfolio to mirror the performance of a market yardstick, like the Standard & Poor’s 500 stock index. Continue Reading...
January 15, 2019

Understanding the quantity theory of money

Note: This is post #106 in a weekly video series on basic economics. The quantity theory of money states that there is a direct relationship between the quantity of money in an economy and the level of prices of goods and services sold. Continue Reading...