Did Ben Benanke’s tactics avert the recurrence of a debilitating depression or did he simply delay it’s onslaught? This video suggests imply that the economic stimulus had the same effect as a shot of morphine that numbed the pain without healing the cause. Worse, it has turned us into a junkie needing fixes until we OD or hit rock bottom.
Perhaps there is a quick rehab and will get us back on our feet sooner – like a new mix of fiscal and monetary policies or a new global approach that makes markets more efficient than ever. Until that’s found, the only way out is the old fashioned cold-turkey and pick-ourselves-up-by-the-boot-straps approach.
It starts with the humbling acceptance of the truth that we messed up followed by embracing those old school values and boring life styles that values temperance over excess, patience over instant gratification, thrift over living large, saving over borrowing and discipline over letting go.
To go beyond the mundane, this renewed way of living is the classic spirituality of sacrifice, the way of the cross. The virtue of humility disposes us to be patient and put up with doing without or with less. It makes us temperate in living within or even beneath our means. Discipline is fortitude or the strength to say no or go, without fear of hardship and deprivation. This is the old school of asceticism; this is why people voluntarily take the vow of poverty. And after being mortified and purified, one enters into mysticism where sacrifice is no longer an uncomfortable state. Rather, it becomes transforming as a seed dies to sprout into a plant that will produce fruit. Or we join the Lord Jesus in His “kenosis” where He suffered and died to bring us eternal life.
So, who knew that the financial collapse can bring about a stronger nation and better still one that will find God all over again.
Source: http://www.youtube.com/watch?v=eZA0qNsf4m0 or click here