Acton Institute PowerBlog

PowerLinks 07.03.17

The Market Is Necessary, but Not Sufficient, for Virtue
William Reddinger, FEE

Virtue must come primarily from outside the marketplace.

How the Supreme Court Trampled on Private Property Rights in a Recent Decision
Alden Abbott, The Daily Signal

In last week’s decision in Murr v. Wisconsin, the Supreme Court upheld the Wisconsin State Court of Appeals’ ruling that two waterfront lots should be treated as a single unit in a “regulatory takings” case.

Maine raised the minimum wage for restaurant workers. They begged to have it lowered.
Bonnie Kristian, The Week

After Monday’s news that Seattle’s $15 minimum wage experiment is actually lowering low-wage employees’ income, restaurant workers in Maine must be feeling pretty prescient.

Are there Economic Implications in the Creation Story?
Hugh Whelchel, Institute for Faith, Work, and Economics

We do not believe that the Bible explicitly endorses capitalism or any other economic system.