Acton Institute Powerblog Archives

Post Tagged 'financial crisis'

June 27, 2011

Dodd-Frank: Regulation Cannot Build Character

Dodd-Frank regulations, originally scheduled to take effect on July 16, are intended to create market stability. Instead, they are doing just the opposite. Regulations aimed at financial derivatives, incorporated into the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law last July, have recently been rescheduled to take effect on December 31. Continue Reading...
September 01, 2010

Humility in a Time of Recession

Acton Research Director Samuel Gregg contributed this piece to today’s Acton News & Commentary. Sign up here for the free, weekly email newsletter. +++++++++ Humility in a Time of Recession By Samuel Gregg Since 2008, there has been much discussion about the contribution of unethical behavior to our present economic circumstances. Continue Reading...
August 05, 2010

Re: Broken Windows – University Funding Edition

As Kishore Jayabalan noted yesterday, the fallacy of “broken windows” is, unfortunately, ubiquitous in discussions of public finance and macroeconomics. Though we are told that government spending and public works have a stimulating effect on economic activity, rarely are the costs of such projects discussed. Continue Reading...
July 20, 2010

Gregg on Gold: The Moral Case

The extent and persistence of the global economic and financial crisis has caused many people to start asking if there is any alternative to the current monetary system of fiat money overseen by central banks which enjoy varying — and apparently diminishing — degrees of independence from politicians who seem unable to resist meddling with monetary policy in pursuit of short-term goals (such as their reelection). Continue Reading...