On the off chance that our Republican state legislators get a little too excited about their supermajorities and go all theocratic on us, I hope they'll apply their Christian principles to South Dakota's usury industry.
Perhaps all of our legislators should join Father Timothy Logan Fountain in reading Bishop Paul Peter Jesep's Credit Card Usury and the Christian Failure to Stop It. In an excerpt chosen by Father Tim, the bishop notes that alongside the responsibility we consumers have to use our credit cards wisely, there lies an equal responsibility for credit card executives and bankers not to build business models on the exploitation and serfdomization of credit card users.
In a press release promoting his new book, Bishop Jesep adds a practical economic argument to his moral fight against usury: "Fair profit, not unjust gain from high interest rates, will spur economic recovery by putting money directly into the economy."
Are any of our Republican legislators willing to take up this challenge to Christian values?
Bonus Ecclesiastica: Father Tim won't get me in the pews, but his post did get me to learn the difference between an autocephalous church and an autonomous church. Cool!
Drink Up! -
1 day ago