Explainer: What you should know about single-payer healthcare

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The consuming self as tyrant

“Consumerism is, quite precisely, the consuming of life by the things consumed. It is living in a manner that is measured by having rather than being.” -Richard John Neuhaus In a free economy, we each serve distinct roles as both producers and consumers. Continue Reading...

Upstream: A Conversation on Artist Renee Radell

On the Upstream segment of this week’s Radio Free Acton podcast, I discuss the visual art of Renee Radell with Gregory Wolfe. Radell’s work is the subject of Renee Radell: Web of Circumstance (Predmore Press, 2016, 220 pages, $80), a book presenting a career overview of her artistic efforts. Continue Reading...

Erasing the cross: Public vs. private sector

The European discount grocery chain Lidl stirred controversy by removing the cross from its products’ labels, so as not to give offense. Eagle-eyed consumers noticed that Eirdanous, its Greek food line, featured a picture of a blue-domed Greek Orthodox Church by the sea – but unlike every other such church, its cupola was not topped by a cross. Continue Reading...

7 Figures: Income and poverty in the U.S.

The U.S. Census Bureau released its latest report on income and poverty in the United States today. Here are seven figures from the report you should know about: 1. Real median household income increased 3.2 percent between 2015 and 2016—from $ 57,230 to $59,039. Continue Reading...

The monopoly markup

Note: This is post #48 in a weekly video series on basic microeconomics. Ever wonder why pharmaceuticals are so expensive? In this video by Marginal Revolution University, Alex Tabarrok shows how low elasticity of demand results in monopoly markups. Continue Reading...

The archbishop of Canterbury eyes a ‘broken’ economy

  Defending the free market and advocating for ever-greater access to capital is of paramount importance during uneven economic patches. That is how Christians should greet comments from Justin Welby, the archbishop of Canterbury, who recently said that the economy is “broken.” Continue Reading...

5 Facts about the 9/11 aftermath

Today marks the 16th anniversary of the worst terrorist attack ever on American soil. Here are five facts you should know about what happened in the aftermath of the events on September 11, 2001: 1. Continue Reading...