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Speaking Out

A Christian View of the Economic Crisis

Is the economy really driven by greed?

Al Mohler | posted 9/29/2008 10:03AM

The headlines tell the story as recent days have seen the American economy and its financial system buffeted by seismic failures and the virtual disappearance of major investment banks. The debate raging ...

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Anonymous

Posted: October 03, 2008 8:33 PM


Leon I am an Australian, I observe all this from a distance, I am shocked and dismayed. Dr Mohler has it right. We should all keep confidence in the Lord. I checked out the whole Bible and I believe that in the end all Christians WIN. Shalom- Rev Leon Gourlay

Anonymous

Posted: October 01, 2008 7:17 PM


wow

Robert

Posted: September 29, 2008 6:25 PM

Appreciate Mr. Mohler taking the time to write this commentary and CT posting it. They meant well However, there was so much hemming and hawing I got the impression of someone putting lipstick on a pig. That probably wasn't Al's intent, but if you have to apologize so much for something, why are you defending it so strongly? The real issue is buy-in. The truth is the world financial system clearly reflects fallen human nature, but by God's providence more than anyone's intent, this system does more good for the world than harm. Having said that, it carries the corruption of The Fall and can only be partially redeemed in this life. (will we even need it in heaven?) So too many Christians among others have bought into it more than they should. It is good and necessary, but doesn't deserve the bear hug we give it. We are in so deep there isn't always loyalty to spare. "Where your heart is, there your treasure will be also."

Royal C. Tybre

Posted: September 29, 2008 4:19 PM

"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." Sounds as if Mr. Mohler's Americanism is speaking more here than his Christian faith. Since when did Christianity value wealth or innovation? If our faith does not condemn wealth outright, then it has at least expressed, throughout its history, a firm suspicion of material abundance. And while "innovation" may sound like an unquestionable good to American ears, the kind of rampant innovation encouraged by capitalism tends to erode the traditions necessary to continue the Christian faith in all of its richness.

Mark	Posted: September 29, 2008 4:13 PM


Is the economy really driven by greed? You are obviousley confussed and disoriented if you have to ask the question.

Ted Voth Jr

Posted: September 29, 2008 2:17 PM

Two things strike me: 1 The Law of Moses, whatever the faulty NIV may think, forbids usury, interest, PERIOD 2 The unnatural 'personhood' of corporations in US law ,as established by a petty judge in the 19th century, is blasphemy and abomination: only God can make a person. We delude ourselves intentionally or unintentionally when we think or speak or act as if a corporation is anything but a cloak for the individual greed of a CEO and his bord members and stockholders

Eric B.

Posted: September 29, 2008 1:03 PM

Al Moehler is a God-fearing Christian who leans politically leftward. Why is that important? Because leftists implicate Wall Street "greed" as the root of the current economic crisis, rather than its true cause, which is the downfall of Fannie Mae and Freddie Mac. Then fell AIG, Lehman Brothers, and the rest. Fannie and Freddie were corrupted by the Clinton administration to serve as mortgage providers to those who should never have received loans in the first place. Defaults in those mortgages on a wide scale precipitated the current crisis, not Wall Street greed. So spare me the discussions about greed and capitalism. Let's get to the root of the current economic crisis, which is Fannie Mae and Freddie Mac's corrupt business practices.

Donn	Posted: September 29, 2008 1:00 PM

Much of the mess in the American economy has been the fault of a dishonest monetary base - we no longer use the gold standard to limit the amount of money in circulation. The govt has devalued the currency and use the power of the money supply to enslave the citizenry. The greed of one corporation or investment bank could not cripple the economy, the greed of the corrupt power brokers in our govt can and have.

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