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In today’s Deseret News, d Boyd and Chapman then acknowledge:
Of course, it’s fair game to question whether the reserves are adequate or excessive, or whether specific actions with funds are proper, as the Post article and the whistleblower does. Vast assets require controls and nonprofit reserve investments can be controversial.
I agree wholeheartedly: let’s start asking questions about Church finances. But first, we need Church financial disclosures. [Read more…]
Photo by Pictures of Money. CC BY 2.0
Last week, I was involved in a Twitter discussion that at least implicated questions of economics, government spending, and private spending. A couple of the interlocutors seemed to be arguing under two assumptions: (1) there are only two economic systems, capitalism and socialism, and (2) there’s something quasi-divine about capitalism, and unrestrained capitalism is the only moral or effective economic system.
Now, this post’s purpose isn’t to argue the first of those two points.[fn1] I do, however, want to suggest that we, as Mormons, need to think much more carefully about money than we usually do.
If my experience at church is at all representative, when we talk about money at church, we talk about two things. The first is paying tithing and offerings, and the second is avoiding debt. Online, the discussion usually devolves into the benefits or the evils of capitalism. [Read more…]
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