Updated 04:40 pm.EST, Sat November 21, 2009

Opinion|Thu, Sep. 25 2008 09:08 AM EDT

A Christian View of the Economic Crisis

By R. Albert Mohler, Jr.|Christian Post Guest Columnist

So watch the debates in Washington with interest and consider how a Christian should understand the economy and our economic lives. The free market is not perfect, but capitalism has brought more wealth to more people than any other system. It rewards investment, labor, and thrift and rises on innovation. Better ideas and better products push out inferior ideas and inferior products. Given the reality of human sin, we should not centralize economic control in the hands of the few, but distribute economic power to the many. A free market economy distributes power to multitudes of workers, inventors, investors, and consumers.

No economy is perfect, but the American economy remains a marvel. The present crisis is an opportunity to rethink some basic questions and restore trust. There are no easy ways out of a crisis like this, and no painless solutions. Yet, would you trade this system for any other?

This current crisis should also remind Christians that we are not called to be mere economic actors, but stewards. Everything we are, everything we do, and everything we own truly belongs to God and is to be at the disposal of Kingdom purposes. This world is not our home and our treasure is not found here. We are to do all, invest all, own all, purchase all to the glory of God.

Finally, this current economic crisis just might help Christians to focus on another issue - retirement. Where in the Bible are we told to aspire to years and decades of leisure without labor? There is nothing wrong with saving for what the world calls retirement. Indeed, that is just good stewardship. Furthermore, there is nothing wrong with workers enjoying the fruit of their labor. But Christians should think of retirement as an opportunity to be redeployed for Kingdom service.

Today's crisis in the financial system should not be a threat to the long-term health and vitality of our economic system. There is cause for concern, but no justification for panic. Rather than hit the panic button, spend that energy thinking about how Christians should glorify God in our economic lives. We should watch the developments and debates in Washington and New York with interest, but we should investigate our own hearts with even greater urgency.

Adapted from R. Albert Mohler Jr.'s weblog at www.albertmohler.com.
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R. Albert Mohler, Jr. is president of The Southern Baptist Theological Seminary in Louisville, Kentucky. For more articles and resources by Dr. Mohler, and for information on The Albert Mohler Program, a daily national radio program broadcast on the Salem Radio Network, go to www.albertmohler.com. For information on The Southern Baptist Theological Seminary, go to www.sbts.edu. Send feedback to mail@albertmohler.com. Original Source: www.albertmohler.com.
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  • Sun Sep 28, 2008 8:13 am Agree: 0   Disagree: 0

    mjazz,

    The money probably became worthless, or was worthless as it was being printed because there was no gold to back it up. (this occurred during times where gold backed the value of the currency)

    That was, therefore a good reason to drop the gold standard, and to base the worth of the currency on GNP...industry, productivity...etc.

    I agree with Mohler who seems to understand that in our present system, it is important that we learn to be stewards, as opposed to making a fast dollar(corruption: which is what undermines a currency and an economy that is not based on the gold standard).

    Hence, it is important that proper regulations be passed and enforced. Also, any bail outs must give the American tax payer a significant portion in stock of the companies that are being rescued...

    Honesty then is the new gold standard in these economies.

  • Sat Sep 27, 2008 11:12 pm Agree: 0   Disagree: 0

    Steiner, Germany at one time printed money to pay off it's debt & it became worthless.

  • Fri Sep 26, 2008 5:52 pm Agree: 0   Disagree: 0

    Mr. Mohler please remove your head from the sand and see the reality of the situation. It seems that most Americans (including the President) want to pretend that we borrow/print more money (band aid) and put it on the wound (economy) - no more worries!! Whether anyone will admit it or not we are on the verge of a total national collapse and it seems to be politics as usual. Even the Bible speaks of these times. Are we finally seeing judgment? Educate yourself and prepare because the ride could get wild!!!

  • Thu Sep 25, 2008 9:44 am Agree: 0   Disagree: 1

    Yes, yes...literally producing or literally making more money just to pay off the debt is certainly not being completely moral, but on the other hand...

    it is necessary and better than allowing our industries and our nation to collapse...

  • Thu Sep 25, 2008 9:36 am Agree: 1   Disagree: 1

    I believe that we are extremely fortunate that our economy is not based on the gold standard. For, it seems to me, that is partially why the 1929 crisis could not be averted...what do you when debt is greater than the gold owned? Hence the crash.

    But having a non gold standard puts the emphasis on whether industry, employment, organizational structures, accountability...etc. can continue to remain viable....

    What I have trouble understanding is whether in fact we as a nation are making too much of this and in turn scaring investment and the american citizen.

    If North Korea and Iran have busily produced American dollars (illegally) why, under the circumstances, cant the government just make more money to pay off the debt? and then simply continue, by reestablishing good and necessary regulation to stop this from occurring again?

    Why make so much fuss...?

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