Acton Institute Powerblog Archives

Post Tagged 'Derek Thompson'

May 18, 2015

7 Figures: Lotteries in America

At The Atlantic, Derek Thompson provides some depressing numbers related to lotteries in America. Here are seven figures you should know from his article: 1. Americans spend more on lottery tickets than on sports tickets, books, video games, movie tickets, and recorded music sales combined — $70 billion on lotto games in 2014. Continue Reading...
April 03, 2012

The Lottery as Aspirational Insurance

Whether the lottery is, as the old adage states, a tax on people who are bad at math, it is most certainly a tax on the poor. Those who have the least spend an inordinate percentage of their income every year on lottery tickets (estimates vary from 4-9%). Continue Reading...
February 22, 2012

Biased in Favor of the Entrepreneur State

Yesterday I argued that since bias is inherent in institutions and neutrality between individual and social spheres is illusory we should harness and direct the bias of institutions towards a free and virtuous society characterized by individual liberty and sustained by religious principles. Continue Reading...