This month, I got to interact with students at a local college, as part of a panel hosted by The Well club. Four of us answered questions from students about the nature and evidence of Christianity. One questioner, the president of the newly-minted atheist club on campus, engaged in a discussion on morality. I've maintained that if morality is objective it must be grounded in God. He said that he held to an objective moral standard based on "ethical consequentialism." In a separate discussion at a later time, another atheist also offered consequentialism as a basis for morality.
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edited: to fix your link - cristobela