Latest Posts

April 01, 2008

New Deal for April Fools

Last month marked the 75th anniversary of the beginning of FDR’s “New Deal”. The Great Depression is the most famous event in U.S. macro-economic history. Most or all of my students know that it happened in the first half of the 20th century. Continue Reading...
April 01, 2008

The burden of Italian red tape

In yesterday’s Wall Street Journal Europe, Alberto Mingardi of Istituto Bruno Leoni (and long-time Acton friend) lists some of the reforms Italy needs to boost economic growth, which is forecast at a measly 0.6 – 0.8 percent for 2008. Continue Reading...
April 01, 2008

Spending the stimulus

Last week the Providence Journal ran a piece by me on the forthcoming “rebate” checks from the government intended to be an economic stimulus, “The mandate is to ‘spend all you can’.” Continue Reading...
March 28, 2008

Straight talk on poverty & the family

A call to end poverty through more spending by the federal government is forever professed by some candidates and politicians. Maybe, they say, if just more money was appropriated and distributed this time, the results and relief for those in financial need would be conclusively different? Continue Reading...
March 28, 2008

Anthony Bradley on headline news

Acton Research Fellow Anthony Bradley was featured on The Glenn Beck Program on Headline News Network to discuss black liberation theology with host Glenn Beck on Wednesday night. If you didn’t catch his appearance, you can watch it right here on the PowerBlog. Continue Reading...
March 28, 2008

Medvedev and Madison

Russian emigre philosopher Georgy Fedotov (1888-1951) proposed two basic principles for all of the freedoms by which modern democracy lives. First, and most valuable, there are the freedoms of “conviction” — in speech, in print, and in organized social activity. Continue Reading...
March 27, 2008

Should water have a price?

In a front-page article of the March 20-21 edition of the Vatican’s newspaper, L’Osservatore Romano, entitled “L’aqua bene comune per tutti” (“Water: Common Good for All”), an Italian political scientist laments that a basic necessity of life is bought and sold. Continue Reading...
March 27, 2008

Pollyanna Krugman

In my commentary on Social Security yesterday, I referred to the latest trustees’ report as evidence of the continuing need for reform. Anyone who happened to see New York Times columnist Paul Krugman’s blog a day earlier might understandably wonder whether we were looking at the same report. Continue Reading...