economic7 today’s financial crisis galling 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
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.
Keywords accuracy-of-scripture author-ap-galling sufficiency-of-scripture
Todays Financial Crisis
Where Do We Go From Here?
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by A. Peter Galling
March 3, 2009
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28/12 Todays Financial Crisis - Answers in Genesis
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A. Peter Galling writes regularly for the Answers in Genesis website. For a more complete bio see p. 54.
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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