Home
/
RELIGION & LIBERTY ONLINE
/
In Defense of Wall Street
In Defense of Wall Street
Nov 25, 2024 1:22 AM

If we forget finance’s indispensable role in modern economies, says Samuel Gregg, research director for the Acton Institute, in an op-ed for The Detroit News, it’s guaranteed that everyone will be worse off.

Finance establishes links between the economic present and economic future of individuals munities. It helps us manage risk and develops methods for continually enhancing the management of risk over the short, medium and long term. And it creates economic value by enabling money to assume the characteristics of capital.

Note that none of these functions are exercises in radical individualism. Finance can certainly help make us independent, but it also increases and is a sign of our interdependence.

Read more here. The op-ed is adapted from Gregg’s For God and Profit: How Banking and Finance Can Serve the Common Good.

Previous Article：How Diversity Can Save Conservatism (and the Nation) Next Article：Feds: It’s Illegal for Your Boss to Require You To Be Positive All the Time
Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Re-branding capitalism for millennials
“Over the last decade, millennials have been characterized as filled with a sense of entitlement, lazy, and disillusioned,” says Allison Gilbert in this week’s Acton Commentary. “In the past year they have acquired another label: socialist” Despite the fact that the Democratic Party has begun to adopt more policies of the far left — like the $15 minimum wage — many polls show that less than half of Sanders supporters say they will be voting for Clinton this fall. Taking...
The Rise Campaign: restoring New York City through the workplace
New York City has been called one of the least religious cities in America. In recent years though, ministries’ based there have felt a resurgence of the gospel movement and seen potential for cultural change. Because of this Tim Keller and his church, Redeemer Presbyterian, have started the Rise campaign. Rise is looking to dramatically expand the number of New York City residents that attend a “gospel teaching church” from the current 5 percent, to 15 percent in the next...
Explainer: the prohibition on political speech in churches
Why is political speech in churches back in the news? During his speech at the recent Republican National Convention, Donald Trump said, “An amendment, pushed by Lyndon Johnson many years ago, threatens religious institutions with a loss of their tax-exempt status if they openly advocate their political views.” The new GOP platform also says the “federal government, specifically the IRS, is constitutionally prohibited from policing or censoring speech based on religious convictions or beliefs” and urges the repeal of the...
New book explores significant relationship between religious and economic freedom
On sale now at the Acton Book Store The role of economic liberty in contributing to human flourishing and mon good remains deeply underappreciated, even by those who are dedicated to religious liberty. – Samuel Gregg Gregg is acontributor of One and Indivisible: The Relationship Between Religious and Economic Freedom, on sale now in the Acton Book Shop. Compiled by Kevin Schmiesing, the book contains 13 essays from highly acclaimed authors, speakers, and religious leaders, including Michael Matheson Miller, Anielka...
Richard Epstein on conflict between anti-discrimination laws and religious freedom
Late last month, a federal judge declared Mississippi’s “Protecting Freedom of Conscience from Government Discrimination Act” (HB 1523) unconstitutional. In response, legal scholar and libertarian Richard Epstein discussed issues of religious freedom and anti-discrimination initiatives on the latest episode of the Hoover Institution’s podcast, The Libertarian. The Mississippi law was written to protect those with specific religious objections on issues of marriage, sexual acts outside of marriage, and gender. The law would give people with the specified views the state-protected...
Explainer: What you should know about the Democratic Party platform (Part I)
During the recent DemocraticNational Conventionthe delegates voted to adopttheir party’s platform,a document that outlines the statement of principles and policies that the party has decided it will support. Although the document is not binding on the presidential nominee or any other politicians,political scientists have foundthat over the past 30 years lawmakers in Congress tend to vote in line with their party’s platform: 89 percent of the time for Republicans and 79 percent of the time for Democrats. Because of its...
Uniting economics with the grammar of creation
Michael Thigpen had a successful job at a bank, rising through the ranks of pany to a management position. Yet he had originally planned to be a teacher or a pastor, and after finally graduating from seminary and struggling to find a position in either role, he became frustrated with his banking career. Now a theology professor at Biola University, Thigpen realizes that his frustrations had to do with an inaccurate vision of vocation and the human person as redeemed...
Rethinking ‘wasted votes’ and third-party candidates
Jill Stein (Green Party), Rocky Anderson (Justice Party), Virgil Goode (Constitution Party), and Gary Johnson (Libertarian Party). When es to something as important as a presidential election, most Americans don’t want to vote for a candidate who will very likely lose. But pragmatic considerations have no place in the voting booth, for two reasons. First, one person’s vote almost certainly won’t impact a presidential election. Second, voting for someone we consider the “lesser of two evils” loses sight of the...
Economic and religious implications of the RNC Platform
In the wake of last week’s Republican National Convention, and in the midst of the Democratic National Convention, it is more important than ever for voters to be thoroughly educated on each party’s platform going into the general election season. In two recent posts on the Republican Party platform, (part one, part two) Joe Carter provides prehensive summary of the Republican Party’s main stances (we’ll look at some of the Democratic Party’s platform issues in a later post). Some of...
George Washington’s principles for the nation revisited
In a recent article titled “George Washington’s Constitutional Morality,” Samuel Gregg explores the views of the first President on the founding principles and guiding influences of the United States. Gregg identifies three key elements of Washington’s political wishes for the new nation: Washington identified a distinct set of ideas that he thought should shape what he and others called an “Empire of Liberty”—classical republicanism, eighteenth-century English and Scottish Enlightenment thought, and “above all” Revelation. Washington, like many of the Founders,...
Related Classification
RELIGION & LIBERTY
RELIGION & LIBERTY ONLINE
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
mreligion RELIGION & LIBERTY ONLINE RELIGION & LIBERTY
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2024 - www.mreligion.com All Rights Reserved