thrift

October 22, 2012

On Thrift and Generosity

Recently at Big Questions Online, Barbara Dafoe Whitehead answers the question, “Does a culture of thrift cultivate generosity?” with a solid yes, documenting the history of thrift and generosity in the United States and their subsequent and unfortunate decline in recent years: By the 1960s, however, the coalition of national organizations promoting thrift ceased their activities. Continue Reading...

March 29, 2011

Amity Shlaes on Thrift and Calvin Coolidge

Thrift almost seems like a lost virtue among much of our governing class. It is also true of the general population. We don’t have to just look at our staggering public debt, but consumer credit card debt tells the story too. Continue Reading...

November 03, 2010

‘A’ for Austerity: The New Scarlet Letter

I introduced this week’s Acton Commentary yesterday with some thoughts about “The Audacity of Austerity.” In today’s “‘A’ for Austerity: The New Scarlet Letter,” I take to task the attitude embodied by Paul Krugman’s vilification of proponents of austerity measures. Continue Reading...

October 12, 2010

SNL Skit to Congress: Don’t Buy Stuff You Can’t Afford

Political commentators have spilled a septic field of ink explaining what drives the Tea Party movement; and, sure, the movement is complex and varied, resisting any single attempt to blah blah blah. Continue Reading...

October 16, 2008

Saving Capitalism

While efforts to explain the financial crisis will continue for years (historians are still debating the causes of the Great Depression, eight decades later), it seems certain that its genesis cannot be fully understood without some recourse to the moral dimension of human action in the economy. Continue Reading...

June 16, 2008

Encouraging a true culture of thrift

Picking up on themes we’ve touched on here, here, and here, last week NYT columnist David Brooks weighed in on the culture of debt in the United States. “The social norms and institutions that encouraged frugality and spending what you earn have been undermined,” he writes. Continue Reading...

June 03, 2008

Is this capitalism?

Is this supposed to be capitalism? Geoff Colvin writes that a motivating factor in the recent crash in corporate profits, as well as the sharp decline in home values, was the phenomenon that “people began to believe that the more they borrowed, the better off they would be. Continue Reading...