Continuing our discussion of Joseph and the financial lessons in his story: the Divine plan behind Joseph’s sale to the Ishmaelites and his ultimately landing in Pharaoh’s court is stated clearly in Genesis 50 as was foreshadowed a few chapters earlier.
After their father, Jacob-Israel dies, Joseph tells his brothers, “you meant [...]
Rabbi Shmuley Boteach spoke with BiblEconomy about the roots of the financial crisis and how we transcend it.
“The collapse of our economy was caused not by an economic crisis but a spiritual crisis called greed, where you become voracious and insatiable. I believe that the Jewish community, and the Jewish religion has unique values that need [...]
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In the News, Old Testament
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March 16th, 2009
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Tags: bible, consumer, donations, education, faith rewarded, greed, humility, interview, media, moderation, money, mortgage, policy, property, real estate, recession, stimulus, wealth
Reuters reports lawmakers killed bill 1098 that would have taken financial oversight of Connecticut’s Catholic churches away from priests and bishops, handing that power to lay officials. Thousands of Catholics demonstrated on Wednesday against the proposal, opposing what they called a threat to the separation of church and state.
“Religious freedom holds a privileged place in American society,” said the [...]
The Dallas Morning News’ Religion Blog convened a “Texas Panel” to ruminate over faith and the famous CNBC Rick Santelli monologue. Deal Hudson, director of InsideCatholic.com made this observation:
There is no obligation whatsoever for the government to “bail out” banks, investment firms, or individual homeowners who can’t pay their mortgages. The reason the government has started [...]
The Salt Lake Tribune reports on the religious debate: should responsible taxpayers who took out affordable mortgages bail out those who didn’t?
Is it ethical for others to foot the bill for your bad financial decisions? And is it ethical to say no to those pleas for help?
The article quotes Mu Soeng, a Buddhist studies [...]
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In the News
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March 9th, 2009
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Tags: debt, greed, loan, media, moderation, money, mortgage, policy, property, recession, stimulus
In his Washington Post/On Faith column, “Our Brothers’ Keepers, Not their Guarantors,” Rabbi Brad Hirschfield cites the Cain and Abel story to support bailing out even those who behaved irresponsibly, offering a different take than this famous TV clip arguing the government’s subsidy of “losers’ mortgages” promotes bad behavior.
When God asks him where his brother is, Cain [...]
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Genesis, In the News, Old Testament
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March 5th, 2009
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Tags: bible, debt, Genesis, guarantor, loan, media, moderation, money, mortgage, policy, property, stimulus, subprime, taxes
In a column detailing how we piled on debt from 2004-2008, Ralph R. Mabey in the Mormon Times has a good line to help us focus our future priorities:
In Elder Joseph B. Wirthlin’s words, we unwisely based our spending much more on our “yearnings” than our “earnings.”
For those of us who thought government intervention in the private sector was something new, Genesis 47 provides proof the practice is as old as, well, the Bible. It’s also a lesson in the possible perils: why the policy must be undertaken tenderly, and only at the most critical juncture.
After he and his brothers make up, [...]
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In the News
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March 3rd, 2009
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Tags: barter, bible, Genesis, money, nationalization, property, real estate, save-for-a-rainy-day, slavery, taxes, wealth
In Genesis 23, Sarah has died at the age of 127, and it’s up to Abraham to find her a burial place. God has promised Abraham this land for here to eternity, but even so, Abraham begins a drawn out negotiation over property that will serve as a grave for his wife and eventually himself.
Abraham asks [...]