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Previous:A Whale of a Design Next: Lifes Toughest Questions
In the midst of financial uncertainty, the Bibles
time-tested
truths still provide the only sure answers.
Not since the Red Scare of the 1950s have Americans been so
paranoid. In the U.S., pundits point fingers at Democrats
and
Republicans, lenders and borrowers, Wall Street speculators
and
Washington regulators. The solution? One expert demands
increased
spending, while another decries excessive debt.
Economic downturns seem inherent to modern economies. But
this
downturn was aggravated by a weakened housing market that
brokeboth indebted homeowners and the banks backing them. The
economy
was victim to two types of greed: a love of money that drove
foolish
banking practices, and a get something for nothing mentality
that
encouraged easy home ownership.
The biblical principles of personal finance are st
raightforward. Neglect of
them helped get the world into this mess, and it is even easier
to ignore
them when hysteria strikes.
Christians should not worry about what is ultimately in Gods
hands
(Matthew 6:2534), but we should still follow godly counsel for
financial
matters (Proverbs 12:15):
Work hard and live within your means (2 Thessalonians
3:612).
Avoid debt (Proverbs 22:7) and make every effort to escape
it.
Diversify investments (Ecclesiastes 11:2). Putt ing all your
savings in the stock market or allin precious metals are equally
foolish.
Give generously (Matthew 6:1921 and Luke 18:1825) even if your
income is small (Luke21:14).
Consider the current downturn a blessing in disguise: an
opportunity to admit our reliance on
God, reassess our financial priorities, and reflect on the t
ransience of worldly wealth.
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Todays Financial Crisis
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by A. Peter Galling
March 3, 2009
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7/31/2019 Economic7 Todays Financial Crisis Galling 2009
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28/12 Todays Financial Crisis - Answers in Genesis
ww.answersingenesis.org/articles/am/v4/n2/financial-crisis&vPrint=1
Listen to an audio recording of t his magazine article.
A. Peter Galling writes regularly for the Answers in Genesis
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