Religion & Liberty Online Archives

Business

October 27, 2014

What’s the Right Minimum Wage?

What’s the perfect minimum wage? $10 an hour? $20? $50? Economist David Henderson explains why it should be “zero.” As Henderson explains, when the state mandates a minimum wage (or an increase), it makes harder for unemployed people to find work and forces business owners to cut the hours of lower-skilled employees. Continue Reading...
October 16, 2014

Is Money Just a Necessary Evil?

If money didn’t exist, would God have ordained that we invent it? Theologian Wayne Grudem says he would since money is simply a tool for our use that makes voluntary exchanges possible: Money makes voluntary exchanges more fair, less wasteful, and far more extensive. Continue Reading...
October 13, 2014

The Challenges of the Financial Calling

In a talk he gave at Kuyper College for the launch of the new business leadership major some years back, Vincent Bacote made an insightful observation about the “people in the room” where things were decided leading up to and during the Global Financial Crisis. Continue Reading...
October 10, 2014

The Beauty of Oyster Farming

The oyster population in the Chesapeake Bay has severely dwindled, amounting to less than 1% of historic levels, according to the NOAA. In turn, from a consumer’s perspective, Virginia oysters have been increasingly replaced by other varieties from around the globe. Continue Reading...
October 09, 2014

Is it wrong to earn a profit?

“The ability to earn a profit thus results in multiplying our resources while helping other people,” says Wayne Grudem. “It is a wonderful ability that God gave us, and it is not evil or morally neutral, but is fundamentally good.” Continue Reading...
September 29, 2014

How Wal-Mart is Helping the Unbanked

An estimated 10 million American households — about 8 percent of all households — are “unbanked” and one in five households — 24 million households with 51 million adults — are “underbanked.” Continue Reading...