Thomas E. Woods, Jr., on Money and Morality: The Christian Moral Tradition and the Best Monetary Regime (courtesy of Chris Dominguez):
The economic difficulties of the past several years in the United States have led more and more people to take an active interest in monetary policy and in the Federal Reserve System. Many possess an inchoate sense that there must be a connection between past monetary policy and our current doldrums. At a time when monetary matters are attracting so much attention, therefore, it may be particularly opportune to consider the moral dimensions of the present monetary regime. As we shall see, current monetary policy leaves much to be desired when evaluated against the Christian moral tradition and the thought of several Christian historical figures. To state it more bluntly, the current monetary system fails to comply with even the most basic Christian moral rules, such as the prohibitions against theft and fraud and the call to practice biblical financial stewardship. The great Christian thinkers of the late medieval and early modern period typically condemned the type of monetary debasement that has occurred, and continues to occur, in the current monetary system of the United States of America. MORE
