Acton Institute Powerblog

Promoting free societies characterized by liberty & religious principles

Benedict Reflects on Caritas in Veritate

Joan Lewis, EWTN’s Rome bureau chief, covered Pope Benedict XVI’s general audience address on Wednesday, July 8 , during which the pontiff publicly commented on his landmark social encyclical “Caritas in Veritate” the day after it was officially released by the Vatican. Continue Reading...

Report: Pope’s New Economics Encyclical Leaked

According to the Catholic News Agency, an Italian newspaper claims to have acquired some parts of the upcoming Caritas in Veritate encyclical of Pope Benedict XVI.  Some of the quotes published by Corriere della Sera are claimed to be from the encyclical and align with the predictions that the Pope will be advocating for morality to be the basis of solving our economic crisis. Continue Reading...

A Micro-Lending Prelate

Zenit reports a new initiative by Cardinal Crescenzio Sepe of Naples, Italy: “he is donating a year’s stipend and part of his personal savings to initiate a diocesan bank that will offer micro-credits to the poor.” Continue Reading...

PBR: Retreat, not Surrender

Free trade seems to get all the blame when things go wrong and none of the credit when things go right. It’s the Rodney Dangerfield of global economics: it gets no respect. Continue Reading...

PBR: Globalism in Retreat

From the scuffle over “Buy American” provisions in the most recent federal stimulus package, to concerns about declining exports in countries like China, to high-profile meetings of politicians and economists, it seems like anti-globalization sentiment is on the rise. Continue Reading...