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Understanding Money as Debt

Friday Dec 11 2009

There are innumerable expert opinions available these days about solutions to our current economic crisis. But are those solutions just band-aid solutions? How did we get here? What is money at its root? What are the problems with interest? Money As Debt offers a different perspective on

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Written by eldering at Personal Empowerment

Tagged with: economic_crisis money

Love in Truth

Tuesday Jul 14 2009

The Pope's Love in Truth, his third letter to the bishops of the world, is written in the context of the current global economic crisis. The Pope views the current crisis as an opportunity for us to discern and to create a new vision for our future. In his latest encyclical, he doesn't focus on specific systems of economics or reconstructing the global economy. Instead, he reminds us that our markets are shaped by our culture, and that it is up to us to focus on the common good and reconstruct our societies and cultures based on 'love of truth', rather than 'crude materialism'.

"Economy and finance . . . can be used badly when those at the helm are motivated by purely selfish ends. Instruments that are good in themselves can thereby be transformed into harmful ones. But it is man's darkened reason that produces these consequences, not the instrument per se. Therefore it is not the instrument that must be called to account, but individuals, their moral conscience and their personal and social responsibility."

Read the encyclical here. Read Father Sirico's opinion here.

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Written by eldering at Wisdom in Action

Tagged with: culture economic_crisis love pope truth