Post Tagged 'debt'

December 08, 2014

Did the Catholic Church Change Its Doctrine on Usury?

Usury is the practice of making immoral monetary loans intended to unfairly enrich the lender. But what, for Christians, counts as an immoral loan? For much of church history, any interest was considered immoral. Continue Reading...

October 20, 2014

The Welfare State and Intergenerational Injustice

Last Saturday The Imaginative Conservative published my essay, “Let’s Get Back to Robbing Peter: The Welfare State and Demographic Decline.” To add to what I say there, it should be a far more pressing concern to conscientious citizens that the US national debt has risen from $13 trillion in 2010 to nearly $18 trillion today. Continue Reading...

July 07, 2014

The Economic Legacy of World War I

The Great War began 100 years ago last week. From an economic perspective (from Pulitzer Prize economist Liaquat Ahamed) the European nations paid for WWI not with taxes, but with massive debts financed largely by America. Continue Reading...

June 06, 2014

Thinking Biblically About Bankruptcy

The Bible has a lot to say about the principles behind bankruptcy law, says T. Kyle Bryant. In the Old Testament, God gave Moses various laws concerning the poor, lenders, borrowers, and debt forgiveness. Continue Reading...

March 05, 2014

Student loan update: ‘I’m from the government, and I’m here to entice you into debt slavery.’

The massive federal student loan program is creating a gargantuan higher education bubble and unsustainable levels of student loan debt, but at least all that borrowed money is going primarily to educate people, right? Continue Reading...

January 08, 2014

Detroit’s ‘Get out of Bankruptcy Free’ Card

Aaron M. Renn’s reflections on the implications of Detroit’s bankruptcy are worth reading, especially as relate to the DIA, a topic of some previous interest over the last year or so: In the case of the DIA, the city owns the museum and the collection. Continue Reading...