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I warned y'all that Rome best agree to the terms.Enjoy!
If not, then you can eat my Diet of Worms!
You think you done something spectacular?
I wrote the Bible in the vernacular!
A heretic! [What?] Someone throw me a bone.
You forgot salvation comes through faith alone.
“God the Father, Son and Holy Spirit watch over me. Amen.”
“I give thanks to you, heavenly Father, through Jesus Christ your dear Son, that you have protected me through the night from all harm and danger. I ask that you would also protect me today from sin and all evil, so that my life and actions may please you. Into your hands I commend myself: my body, my soul, and all that is mine. Let your holy angel be with me, so that the wicked foe may have no power over me. Amen.”
This hour in history needs a dedicated circle of transformed non-conformists. The saving of our world from pending doom will come not from the actions of the conforming majority, but through the creative maladjustment of a dedicated minority.
- Dr. Martin Luther King, Jr.
I'm ready to join the maladjusted minority. Where do I sign up?
I have a friend who is an attorney with a deep knowledge of the national economic crisis. He made two interesting comments:Source: N. Gordon Cosby, Conversation with a friend, September 28, 2008
He first said that “liquidity” is not the real problem in the market right now—it is that no one knows what anything is worth. So much stuff of questionable value is hidden on balance sheets that buyers no longer know if something is worth what it is trading for, less, or more. So no one really knows how bad things are and cannot put an efficient, valid price on things. In other words, blindness about value. That destroys the logic of the “free market” because efficiency is based on “transparency” of value.
Second, he said that as a result of the first problem of blindness about value, it is difficult to know if persons you are selling to can meet their commitments to you. In other words—blindness about the solvency of parties in the market. That also kills an “efficient” market because it destroys the needed trust that makes the market work.
In spiritual traditions of all kinds, blindness is an old theme—-people who corruptly set out to blind others end up blind themselves. We ignore that wisdom at our peril. Morality, once again, is proven to be fundamental to an efficient marketplace.
Now I know what I want to be when I grow up - a theological economist!
I especially appreciated Duchrow's reference of the Exodus/Manna story. I think it is a wonderful reference for how we are to live in communion with God and with each other. I think the traditional interpretation of this text is that God will always give us enough to sustain us. I appreciate the perspective that no matter how much we receive, God will somehow level the playing field so that what we receive is no greater than what our neighbor receives. For me, economic theory revolves around equilibrium and economic forces will endeavor to seek such balance at all times. Unfortunately, equilibrium does not necessarily mean equality. The current fiscal crisis is case in point.
I had occasion to listen to ELCA Presiding Bishop Mark Hanson address the Luther Seminary community this morning. When asked directly about his response to the current fiscal crisis and proposed $700 billion bailout, he stumbled citing the lack of an “economist’s perspective” on the situation. It appears that Bishop Hanson would be well served to consult the work of Professor Duchrow and his proposed strategies for establishing an “economy of enough.” I think I’ll forward this to him.