He who places his hope on thee, O Virgin all-glorious, will prosper in all he does.

Inscription on Byzantine coin during reign of Romanus III



Monday, October 24, 2011

Economic Fog From SCOBA

...we acknowledge that our capitalist system is no less [than communism] predicated on purely materialist principles, which also do not engender faith in God. There is no place in the calculus of our economics to account for the “intangibles” of human existence. Reflect on how the simple accounting phrase “the bottom line” has shaped our whole culture. We use it to force the summarization of an analysis devoid of any externals or irrelevancies to the “heart of the matter.” This usually means the monetary outcome.

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