If there’s one political issue that puts america to sleep, it’s monetary policy yes, most will concede that monetary policy is important but the fact is, between all the m1s, m3s, cpis, ppms, and vt=(nt/m)s, the average person gets lost in what appears to be a hopelessly complex system of regulation and statistical modeling.
Our current monetary policy leaves much to be desired when evaluated against the christian moral tradition and the thought of several christian historical figures. All money tends to corrupt, and absolute money corrupts absolutely this is an ancient message you can find it in the bible (the love of money is the root of all evil), in the writings of ancient greek philosophers and renaissance moralists, and more recently in the occupy movement that set up camp last year outside st paul's cathedral.
Philosophy talk relies on the support of listeners like you to stay on the air and online any contribution, large or small, helps us produce intelligent, reflective radio that questions everything, including our most deeply-held beliefs about science, morality, culture, and the human condition. 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. Step on the gas, step on a man writing recently in the nation, chris hayes drew an intensely unnerving parallel between the use of fossil fuels as an energy source and the use of slave labor. All that money you have been saving up over the past ten years is not worth as much as it was when you started to put it away saving becomes slower and more difficult yes, wages will eventually adjust to account for the devalued dollar.
By brian wernernotions of money, debt and morality have a long history together (see graeber and atwood) money and the desire for it is usually connected with greed and immorality like in the o. Take a big paycheck from the bad guys, or make do without compromising your beliefs.
A study by researchers at harvard and the university of utah finds that the simple idea of money makes people more likely to subordinate their ethical standards. Money, morals no comments yet in the subprime mortgage crisis between 2007 and 2009 , hundreds of wall street tycoons repeatedly sought out and exploited loopholes within the federal banking system.
Lately inequality has re-entered the national conversation occupy wall street gave the issue visibility, while the congressional budget office supplied hard data on the widening income gap and. Money, a resource that absorbs much daily attention, seems to be involved in much unethical behavior, which suggests that money itself may corrupt this research examined a way to offset such potentially deleterious effects—by focusing on time, a resource that tends to receive less attention than money but is equally ubiquitous in daily life.