Acton Institute Powerblog Archives

Post Tagged 'Public economics'

December 13, 2016

What you should know about subsidies

Note: This is post #13 in a weekly video series on basic microeconomics. What is a subsidy? A subsidy is really just a negative or reverse tax, explains Alex Tabarrok. Instead of collecting money in the form of a tax, the government gives money to consumer or producers. Continue Reading...
July 22, 2014

Explainer: The Obamacare Subsidies Ruling (Halbig v. Burwell)

What just happened with Obamacare? In a two-to-one decision, the U.S. Court of Appeals for the District of Columbia Circuit dealt a serious blow to Obamacare by ruling the government may not provide subsidies to encourage people to buy health insurance on the new marketplaces run by the federal government. Continue Reading...
April 24, 2014

Capital Then and Now

Speaking of Thomas Piketty, here’s a very helpful and revealing interview with Matthew Yglesias, “Thomas Piketty doesn’t hate capitalism: He just wants to fix it.” (HT: PEG) A few highlights with some comment: On the need for a historical perspective in economics: Thomas Piketty: … It’s not only economists’ fault. Continue Reading...
April 12, 2013

A Great Reversal of the Church & the Welfare State

Over at the IFWE blog, Elise Amyx takes a look at Brian Fikkert’s argument about the origins of the modern American welfare state: According to Fikkert, the evangelical church’s retreat from poverty alleviation between 1900 and 1930 encouraged the welfare state to grow to its size today. Continue Reading...
February 19, 2013

Toiling for Pharaoh

My friend John Teevan of Grace College sends out a monthly newsletter, “Economic Prospect.” He passes along this in the current edition: I found this note from a newly retired accountant (age 66) who has not gone on social security yet. Continue Reading...
February 08, 2013

A Rapidly Expanding ‘Sindustry’

As occurrences of preventable diseases increase and the debt deepens, some look to “sin taxes” as an easy to solution to both problems. Thirty-three states have even gone as far as to implement a soda tax in an attempt to curb obesity. Continue Reading...