Tuesday, November 11, 2008

The Spiritual Benefits of Recession.

Are there spiritual lessons to be gleaned from the economy’s rapid ride into Hell? I believe there are.

The first lesson is moderation. Lenders and borrowers both took excessive risks. When something looks too good to be true, it probably is. But avarice makes us want to believe when we should doubt. That’s why con artists are able to cheat us. Isn’t avarice one of the seven deadly sins?

Another lesson is that we are all interconnected. Even though you paid your mortgage and kept your house, you’ll have to suffer along with those who defaulted on their mortgages. When cash is tight and the economy slows, the effect is felt everywhere. Someone sneezes on Wall Street and someone else in India loses his job. There’s no escaping the fact — we are one.

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