Is it immoral to charge interest?

Interest-bearing loans are commonplace in today’s economy, but are a subject of great contention in many of the world’s great intellectual and religious traditions. The Mosaic Law dictates: “If you lend money to any of my people who are needy among you, do not be like a moneylender to him; do not charge him interest” (Exodus 22:25). Continue Reading...

America suffers from economic nationalism

One of the biggest political upheavals in America over recent years has been a resurgence in economic nationalism. Given the amount of regulation with which it is burdened, America’s economy can hardly be described as laissez-faire. Continue Reading...

A biblical theology of work, Part 2: Wealth creation

Wealth creation is a divine imperative, though one that generates significant responsibilities. The church fails on business and economics when leaders think only about the responsibilities of wealth and nothing at all about how that wealth is created – both are divine imperatives. Continue Reading...

Are billionaires evil?

Criticizing billionaires has become a popular cultural trend, based on anti-rich sentiment that was recently exacerbated by a ProPublica report that leaked the tax returns of the 25 wealthiest Americans. The report’s findings were interesting but not particularly surprising, mostly confirming the long-held speculation that the ultra-rich don’t pay taxes proportional to their levels of wealth and frequently use legal avenues to shield their earnings from the government’s fingertips. Continue Reading...

How the Bible encourages business

When was the last time you heard a Christian talk about how godly and pious it is to earn money? I can’t remember ever hearing that in church. Christians don’t like to talk about accumulating wealth, but they do like to talk about giving money to the poor and the needy. Continue Reading...

The fallacy of capitalism’s ‘race to the bottom’

The Biden administration proposes a global minimum tax on corporations to end the “global race to the bottom.” Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty. Continue Reading...