I’m giving a talk at my parish tomorrow night (7:00 in the parish hall, if you’re in the neighborhood!) on usury and the morality of economics.
Usury has become a popular word, at least in some circles, for what’s wrong with our current economy. Too many people getting too greedy, and getting bailed out when their greed comes home to roost.
I think usury is one part of the problem, but it’s bigger than that. The other problem is straight up greed, which is not exactly the same as usury. Now, I’m not an economist, and I don’t understand the ins and outs of the whole system. My approach has been to take hold of the basic moral issues involved in economic life. And in my reading and thinking, these two themes have jumped out to center stage.
Reality
It’s no surprise to you who read this blog that I’m a big fan of reality. I think 99% of our problems come from a mismatch between what I think or what I want and what is actually the case.
Usury is an excellent example of this. (more…)





