Acton Institute Powerblog Archives

Economics

March 16, 2023

The Myth of American Inequality

The notion of rising income inequality has permeated modern American discourse and is assumed as inherent to our economic system such that any claim to the contrary is easily dismissed as ignorance or insincerity. Continue Reading...
October 26, 2022

Banking, Panics, and Regs: The 2022 Economics Nobel

Earlier this month, Ben Bernanke, Douglas Diamond, and Philip Dybvig were awarded the Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel. Bernanke, Diamond, and Dybvig were honored for their many contributions to our shared understanding of both the role of banking and banking failures. Continue Reading...
September 02, 2022

Is It Time for a Minimum Corporate Tax?

Big reforms should be based on wide consensus. At the height of an economic crisis caused by the combined effects of the pandemic lockdowns and sanctions for Russia’s war in Ukraine, further economic experiments such as a global minimum corporate tax could easily become another example of the law of unintended consequences in action. Continue Reading...
August 03, 2022

Regulations worsened the baby formula shortage

The world is an economics classroom if we allow ourselves to learn from it. Every day we’re bombarded with puzzles that the economic way of thinking can help solve. One of the more recent examples of this is the infant-formula shortagethat plagued an industry already confounded by pandemic-related supply chain issues. Continue Reading...