Latest Posts

January 09, 2019

The particular genius of conservatism

The U.S. Constitution is a work of both the historical experience of the Founding Fathers and of the eminently Protestant culture to which they belonged. It is probably futile to try to understand the legal meaning of the Constitution without first grasping its historical and cultural significance. Continue Reading...
January 09, 2019

Radio Free Acton: A first step towards criminal justice reform; The human cost of unemployment part II

On this episode of Radio Free Acton, producer Caroline Roberts speaks with Sarah Estelle, associate professor of economics at Hope College. Caroline and Sarah discuss the subject of criminal justice reform in light of the recently passed, bipartisan bill, The First Step Act, covering specific policies in the new bill and effects of the current criminal system. Continue Reading...
January 08, 2019

What Alexandria Ocasio-Cortez gets wrong about Europe

During her interview with 60 Minutes on Sunday, newly sworn in Congresswoman Alexandria Ocasio-Cortez justified her vision of democratic socialism by invoking a caricature of Europe. When asked if she wanted to turn the United States into a version of Venezuela or the Soviet Union, Ocasio-Cortez demurred with an incredulous smile. Continue Reading...
January 08, 2019

Reviving the spirit of free trade

The current support for tariffs in the United States has left me disappointed, frustrated, and in many unproductive debates. The French political philosopher, Frédéric Bastiat, best articulated my sentiments in an 1847 letter to Richard Cobden, “And I want not so much free trade itself as the spirit of free trade for my country. Continue Reading...
January 08, 2019

How do we measure inflation?

Note: This is post #105 in a weekly video series on basic economics. Inflation is an average rise in prices. But how exactly is this average rise in prices measured? In this video by Marginal Revolution University, Alex Tabarrok explains how inflation in the United States can be measured using the Bureau of Labor Statistics’ Consumer Price Index (CPI)—a weighted average of the price increases. Continue Reading...
January 04, 2019

Is capitalism making us fat?

As workers emerge from the holidays an average of one pound heavier, weight loss tops every list of New Year’s resolutions. Yet in 2019, physicians are asking politicians to classify obesity as a disease to be treated by taxing sugary foods – and some commentators are blaming our penchant for overindulgence on the capitalist system.    Continue Reading...