I recently attended the annual meeting of Yelp, a large, San Francisco-based tech company that runs a business review website and app. As the success of small businesses depends in part on reviews posted through services such as Yelp and Google, they have enormous potential influence over our economy.
Current page: Business
Beside Featured(Business Page)
Basic economics is nearly a lost skill in our current culture. But basic economics is at the heart of many policy positions. There are many reasons to reject slavery as both unbiblical and inhuman. We could cite the creation of every person in God’s image (Gen. 1:27; James 3:9) and that slavery mars the image of God in our fellow man as just one reason.
The minimum wage law is more popular today than ever. I recently demonstrated the racist origins of modern minimum wage laws in the progressive eugenics movement of the early 20th century. Today, socialists ignore their earlier arguments that such laws hurt minorities and insist they help the poor. Every intervention into the market by the state benefits some at the expense of others.
There is a school of thought in economics which believes that beginners are best taught the subject by considering the story of Robinson Crusoe. How can his story teach us anything about economics? Because, even alone, Crusoe has to allocate resources, engage in entrepreneurial activity, and make trade-offs.
When drawn into an argument with ignorant and elitist clergymen, Christian scholar and leader in the Protestant Reformation William Tyndale declared, "If God spare my life, ere many years pass, I will cause a boy that driveth the plow shall know more of the Scripture than thou dost."
The story of Shadrach, Meshach, and Abednego and the fiery furnace is relatively well-known. The emperor Nebuchadnezzar sets up a huge idol and commands everyone bow to it whenever they hear music play. But since Nebuchadnezzar had no control over people’s actions or desires, he couldn’t really make them do what he wanted.
President Biden’s proposal to raise the nation’s minimum wage to $15 per hour has been upstaged by his stimulus and infrastructure spending proposals, but the administration hasn't given up, and some well-meaning but historically and economically naïve Christians are on board.
As part of my recent campaign of attending shareholder meetings, I participated in the annual meeting of Marriott International, one of the world’s largest hotel operators. As a member of a team that manages and designs ETFs, I asked Marriott directly at the annual meeting about their political activism – and received a surprisingly encouraging response.