Ethical Finance and Investing - Deacon Frank Reilly, Dr. Terrence McGoldrick

Jesus spoke a great deal about money and wealth, but how do we apply his teaching in a world of complex financial interconnectedness? Deacon Frank Reilly, the founder of Reilly Financial Advisors, now a part of Creative Planning brings a lifetime of experience to the question. Terence McGoldrick, Providence College Theology Professor, is an advisor to Deacon Frank in the work of finding morally acceptable investment opportunities. Both join us for a discussion.

[@jdotoz]

I was very interested in RFA after listening and I went to their web site. I came away confused since there seems to be very little mention of a Catholic approach to investing. So much so that if I were looking for a money manager with a strong Catholic focus, I don't think what I see there would give me any reason to think that I had found one. Could the Deacon please explain this?

[@john-paulgies4313]

I recommend to them, as eminently suitable for their enterprise, a devotion to Jesus Christ as King.

[@AJKPenguin]

This is a good episode, very timely for me as keep thinking about work and the economy.
However, I want to make clear the following, with most important point near the end:
1. I wouldn't hold Robert Reich as a model for championing economics with values. All Robert stands for is a flawed reoccurring system, proposed by Keynes. Such a school of thought doesn't adhere to Subsidiarity and tends toward Socialism, truly condemned by Papal teaching. Robert was cited around 35:57.
Similar things can be said of Ben Bernanke, who had won a Nobel prize for economics. I can only shake my head for his policies were a joke and shouldn't have been rewarded. Granted the Nobel prize is a joke in of itself but I digress.
2. A lot of the ethics movement now has a bunch of faux ethics and a lot virtue signaling, which really promote counterfeit and cheap imitations of the true, good, and beautiful.
They are not promoting real virtues and morals or focus on them. They don't have a Christocentric human anthropology a lot of times a God or supernatural centered perspective of the human person; this in spite of their good ethical or business practices report card.
They are only towing a line for secularist agendas or causes antithetical to Christ or God, let alone authentic understanding of humanity.
3. *Most important:* It would be far better for us to look to St. Joseph, as the Pope Pius XII did when promoting St. Joseph The Worker, following the brilliant thoughts of Pope Leo XIII in countering socialist movements, which promoted avarice in the guise of championing the worker. . .clearly that "red wave" is one of the first modern examples of deceptive, counterfeit virtue signaling and the Chair of Peter correctly called it out and presented _a more excellent way_ (1 Cor 13:21).