" ... Integrity is God's idea. Propagated by obedient Christians and Jews throughout the world, it is arguably the number-one asset in the effort of businesses and governments to make their economies stronger. That is why integrity is one of the most important assets of a system of ethical capitalism. It has certainly helped to build America's economic machine." [no integrity, no ethical capitalism. - ed.]
In fact, the very act of accepting metal discs or pieces of paper in exchange for a day of backbreaking labor requires enormous faith. To understand the true dimensions of that faith, observe how things change in its absence. ValuJet, an airline loved by Wall Street, provided economical air travel to select destinations. When one of their planes crashed into the Florida Everglades, the airline collapsed. Why should that have occurred when other airlines have sustained catastrophic accidents and survived? In the case of ValuJet, the accident was widely perceived as symptomatic of general carelessness. There was a major loss of faith and the market responded. People stopped flying and inventors withdrew their capital. When investors lose faith in markets, when depositors lose faith in banks, when citizens lose faith in the currency, economic disaster strikes.
"One of the Hebrew words for a businessman is Ohmein, which means "man of faith" and shares the same root with the liturgical "Amen". With no verifiable information that he will be successful selling his wares, the merchant nonetheless purchases inventory. He then delights in selling out his inventory, even vital commodities like food or clothing, in exchange for metal discs. Instead of despairing at how he will now feed and clothe his children, he has complete faith that whenever he wishes, there will be someone who will gladly sell him food or anything else for those very metal discs. This faith would be quite unfounded in many parts of the world in which stores are often without inventory and even food is scarce. Even people with money starve in those circumstances.
All of commerce and consequently much of human freedom depends on honest transactions conducted in good faith. This is what allows each of us to choose how to spend our energies, time and skill. It allows us to each set our own life priorities independent of any tyrant's control over our lives. But with no presumption of honesty and reliability, free commerce must soon collapse and be replaced by a dictatorial, socialistic economy. With no faith, there is no finance."[emphasis by ed.]
- "It is therefore not surprising that economics used to be a field of study that belonged with religion and theology. [ ! ! It might not be surprising to him but it's a shock to me! - emphasis added by ed.] .... When the great universities moved the study of economics from their religion to their science departments, they were actually driving a wedge between capitalism [ and finance] and the moral arguments [basis for ethics and integrity] and spiritual dimensions [the power of faith and trust] that underpin its validity." Rabbi Daniel Lapin - 'America's Real War', page 217, ©1999 Multinomah Publishers, Inc.. [Of course you recognize that economics is no longer in the Science Department but has been further removed from the truth to the Business Department. Two moves and two wedges. - ed.]
- And we thought that the Secular Religion's proselytizing first started with 'separation of church and state' in Everson v. Board of Education, 1947!
- "If wallets came with owner's manuals, perhaps we'd all be better at managing our finances. But most of us have to learn about money through trial and error, and unfortunately some financial errors can take years to rectify.
- Financial illiteracy is a national problem that appears to be growing. Four years ago, one out of ten households had debt payments exceeding 40% of their income. In 2000, the ratio was one out of eight.* And while personal savings have fallen to an all-time low, the average American's outstanding credit card balance has risen by a whopping 123% in the last ten years.** . . .
- Credit Unions Support Financial Literacy
- The Credit Union National Association (CUNA) strives to help Americans be more money savvy. Recently CUNA joined the National Partners for Financial Empowerment, a coalition formed by the US Treasury Department and leading national financial education organizations. The coalition's primary goal is to promote financial education among high school students. Hopefully, through increased education, the legacy of financial illiteracy will not be passed on to the next generation of Americans. . . .
- * Source: Kiplinger's Personal Finance Magazine, March 2000.
- **Source: U.S. News and World Report, March 19, 2001. "
Personal Finances: [ added 7/21/14 ]
- Everywhere we look we see a lack of Biblical discipline and ignorance of Biblical principles of integrity for good living. The stupidity is astounding; beyond belief! The Bible is Absolutely True in the Financial realm is supported by economist Adam Smith's 'Invisible_hand' metaphor'(The Wealth of Nations, circa 1776). Please see our article that critiques the Wikipedia.org definition: A Comment on Adam Smith's Invisible Hand Metaphor at http://hisways.org/steward/AdamSmithsInvisibleHand.htm. It was written to preserve and defend my Wiki edit which is an accurate criticism of the government's failed War On Poverty!
Since Rabbi Daniel Lapin has astounded us with such exceptional educational information about finances; and, everyone is forced to be a perpetual student because of the failure of our public school system, I wanted to advertise his "Thought Tools" web page here (slightly edited to show the titles and printable links) about these Principles of God for handling money and making an honest living.
|Italic magenta edits by
- Last viewed today: -