Resources on Economics
Jesus warns, “Take care, and be on your guard against all covetousness, for one’s life does not consist in the abundance of his possessions.” William Still comments, “When people are convinced that life consists in the abundance of their possessions, they have completely identified life with material objects, and are, alas, already lost souls. They have virtually cut themselves off from the life of God, and his ultimate verdict will be only to recognize and confirm that.” – David C. Searle, ed. Through the Year with William Still (Edinburgh: Banner of Truth, 2006), 212.
Read More“Wealth gained hastily will dwindle, but whoever gathers little by little will increase it” (Proverbs 13:11). Hastily acquired wealth can disappear as quickly as a federal budget surplus. A lottery winner hits the jackpot, wins a large fortune, and relaxes, ready to glide through life without a financial care in the world. But his “good luck” doesn’t last. Within a few years his relationships are in shambles, his fortune gone. Likewise an inheritance launches a young man on a spending rampage. Within a matter of months he ends up with as little as he began, and for the remainder of his life, he’s haunted by a once in a lifetime opportunity squandered away. The sad failure of both men is…
Read MoreToday’s fiscal meltdown in Detroit foreshadows America’s tomorrow. Washington’s promiscuous spending, immoral borrowing from future generations, and unfunded entitlement liabilities propel the nation toward catastrophe. To keep Mr. Clinton’s 1992 presidential campaign focused, strategist James Carville coined the phrase, “It’s the economy, stupid.” Too bad he didn’t drop a word. “It’s economy, stupid” would better serve our nation. Speaking at Westminster in 2009, the late Dr. Cortez Cooper reviewed Noah Webster’s 1828 Dictionary’s multiple definitions of the word economy: ECON’OMY, n. [L. oeconomia; Gr. house, and law, rule.] 1. Primarily, the management, regulation and government of a family or the concerns of a household. 2. The management of pecuniary concerns or the expenditure of money. Hence, 3. A frugal and…
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