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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s