Thursday, July 31, 2008

Apparently It Effects The Economy Too...

Apparently weird weather isn't the only thing caused by our nation's sin. I read a great article by Chuck Colson today about the banking crisis, and he hits the nail right on the head.

Here is an excerpt:

So where are we after years of unrestrained greed on Wall Street, coupled with a lack of prudence on the part of individual lenders and borrowers? Well, the U.S. economy is, to put it mildly, shaken, as is the world economy. Second, due to the unscrupulous behavior of a few, the Fed, the SEC, and Congress are ready to step in and regulate the markets more than ever.

I guess I could say, “I told you so.” For months I have argued on “BreakPoint” that the cause of the market meltdown was moral failure. Free markets—capitalism itself—can thrive only when corporations and individuals exercise moral restraint. When those restraints fail, government regulation is sure to follow; which, in turn, makes free markets less efficient, and certainly less free.

Moral restraint, you see, requires a set of morals—beliefs that some things are right, and some things wrong. To put it more simply, moral restraint requires a biblical worldview.  (This is my favorite part. - J)

President Bush has often said he gave up drinking when Christ came into his life. Well, Wall Street and the greedy mortgage brokers might invite Christ in to help them recover their own morality.

- Chuck Colson

Until we realize that God is always right and anything that disagrees with Him is always wrong, we will continue to have messes like this and even bigger ones. God's laws were put in place because the Creator of all things knows what works and what doesn't. When we disobey God's Word (the Bible) we set in motion the negative consequences that are the guaranteed result of that disobedience. God in His love for us put His law in place to protect us from the consequences of sin just like a loving father would tell his child not to touch a hot stove.

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