The Sub-Moral Crisis

Matt Lewis | September 18, 2008 4:49 PM

In a 2007 column, Chuck Colson wrote this about the sub-prime crisis:

"Economist Michael Novak said it best: Free, democratic capitalism is like a three-legged stool, supported by economic freedom, political freedom, and moral restraint. Today’s sub-prime mortgage crisis, which could threaten the American economy, shows what happens when you forget that third leg of the stool—moral restraint."