So the NCT would say that the Christian is bound by the two commandments of loving God, and loving neighbor, and that the Mosaic Law is good for deriving general principles from?
What was it about NCT that drew you to it?
Don't you see this as the cumulative effect of the OT law? Does it not contain the principles of the law?
Kevin I have often asked the people that post on FR that believe that we can loose our salvation it they keep the NC law perfectly? They say yes..but as you and I would agree I think no one except Jesus could ever love God perfectly or love his neighbor as himself..impossible because of our sin nature..
But they think if they are faithful to their spouse , do not kill anyone and do not steal etc. they are living a "sinless life" what self deception that is..
Jesus did not lower the bar IMHO He raised it..
Many people think that this is what the NCT position asserts, but it's not. What the NCT position asserts is that we are not under the Mosaic Law and also that the Decalogue is part of the Mosaic Law.
The Decalogue is the capstone of the Mosaic code, but it is still part of the system which is not in force for believers. For this reason, saying that the Decalogue is our "compendium of ethics" is not correct. If it is the "compendium of ethics," then we are all Sabbath breakers.
(For that matter, the standards which New Covenant members have are actually higher than those of the Decalogue as such. But the only way to grasp this is to look at the Two Great Commandments. They are explicitly infinite in their requirements.)