The Cardinal Virtue of Prudence As A Guiding Concept and Principle To Financial Regulation

The essence of prudence is balance. Modern economic systems want to become unbalanced primarily via financial actions. Therefore prudence is the exact guiding concept and principle to use in finance and actually all aspects of the economic system. Prudence of course is an aspect of Grace, another major aspect of which is dynamic interactive balance of opposites, so as to include both restraint and (relative) freedom and thus to avoid both stagnation and profligacy.

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