Sins of the Wallet

The National Catholic Register has put together a collection of essays addressing the mulitple causes of the financial market meltdown from a moral perspective. Includes an essay by Supreme Knight Carl Anderson.

"Economic hard times are always times of soul-searching, and the global economic crisis even brought a response from Pope Benedict XVI, who said on Oct. 6 that the crisis shows the importance of building our lives on the firm foundation of the word of God. “We see it now in the fall of the great banks,” the Pope said. “This money disappears; it is nothing — and in the same way, all these things, which lack a true reality to depend on, and are elements of a second order.” The Register felt it was important to look at the moral dimensions of the economic downturn and asked several prominent Catholic thinkers, “What sins got us into this mess, and what virtues are required to get us out of it?” Their thoughts follow. " Read more...