WASHINGTON – A panelist speaking on the morality of markets proclaimed that capitalism is miraculous, and the debate may have convinced the Dalai Lama – leader of Tibetan Buddhism – to open his mind to capitalism.
"Free markets really are miracles," declared Jonathan Haidt, professor of Ethical Leadership at New York University, at the American Enterprise Institute on Thursday. "You really can turn water into wine, vast quantities of wine, at low, low prices, as long as the vineyard owners can get access to cheap credit and transportation networks, and have property rights."
The Dalai Lama seemed impressed by such arguments. "After listening, yesterday and today, I have more respect for capitalism," the religious leader, a self-described Marxist, declared, with a laugh. more >>
A Tuesday report by the Congressional Budget Office estimates that increasing the minimum wage to $10.10 per hour would lead to about 500,000 fewer jobs and most of the benefits would go to those out of poverty than in poverty.
In last month's State of the Union Address, President Barack Obama proposed increasing the minimum wage to $10.10 per hour. The federal minimum wage is currently $7.25.
The report shows that 900,000 workers would be lifted out of poverty under Obama's proposal, but at the cost of 500,000 fewer jobs. Plus, some who are already well above the poverty line would benefit more than those below the poverty line. more >>
Diners at a Maui restaurant stun thir waiter with a $1,000 gratuity on a $61 meal and cite two Scriptures on their check.
"Not a typo!" the diners wrote on the receipt that included the Bible verses "2 Cor 9:7" and "Jeremiah 29:11," Hawaii News Now reported Monday.
Terry Thrasher, whose family owns Maui Brick Oven, told Hawaii News Now that he and his wife spoke to the visitors and described their convrsation as "amazing." more >>
WASHINGTON — Young Evangelicals argued that Christianity and libertarianism are compatible, and some even claimed that Christians should advocate for libertarian causes.
"Christians actually ought to feel outraged that the redemptive power of charity has been taken from us and given to an unfeeling, coercive state," Leah Stiles Hughey declared at a Saturday panel at The International Students for Liberty Conference. She claimed that when government gets involved in giving to the poor it denies the God-given human dignity of both giver and receiver. more >>
States that ban same-sex marriage either by law or by constitutional amendment made up the top 10 best states for business, according to CNBC.
In recently released numbers, the annual report found that in 2013 the top 10 states for business were, in order, South Dakota, Texas, North Dakota, Nebraska, Utah, Virginia, Colorado, Georgia, Wyoming and Idaho.
The highest ranked state on the list for 2013 with legalized same sex marriage was Iowa, at number 11, and number 50 on the list, Hawaii, recently legalized gay marriage. more >>
WASHINGTON – U.S. Senator Mike Lee (R-Utah) presented his new bill on higher education reform, attacking the current accreditation and federal loan system as a "higher education cartel."
"Restrictive policies artificially narrow America's path into the middle class and into economic opportunity," Lee declared at The Heritage Foundation on Monday. "In effect, the federal government today operates a kind of higher education cartel — federally approved accreditors act as a gatekeeper to keep unwanted providers out of the market."
Lee argued that the current rules do not protect students from "bad actors" so much as they protect "incumbent colleges from innovative competitors." He explained that, in America's information economy, college education is more important than ever before but also blocked by many barriers. more >>