Facebook Twitter Pinterest Youtube Instagram Give

Header-How a good Lent can fix a bad economy

 by John Horvat II 


To those who see no link between Lent and our failing economy, it might be the case to look again.


Economics is about people. It cannot be reduced to numbers, formulae and analyses. “The subject matter of economics,” observes economic historian Odd Langholm, “is properly the habits, customs, and ways of thinking of producers, consumers, buyers, sellers, borrowers, lenders, and all who engage in economic transactions.”

That means our moral habits can have a definite effect on determining if our economy grows — or fails.


In my new book, Return to Order: From a Frenzied Economy to an Organic Christian Society—Where We’ve Been, How We Got Here, and Where We Need to Go,  I show how our present economic crisis is being caused by what I call “frenetic intemperance.”

Frenetic intemperance can be defined as a restless spirit inside certain sectors of modern economy that foments a drive inside men to throw off legitimate restraints and gratify disordered passions. It is not a specifically economic problem but a moral and psychological vice that throws everything out of balance. When frenetic intemperance dominates, it often sends the whole system into convulsions—as we saw during the 2008 subprime mortgage crisis. And, unless addressed, it is virulent enough to crash the entire financial system.

In our daily lives, we see frenetic intemperance in the tendency to desire everything, right away, regardless of the consequences. Everyone must have the latest gadget even though they do not need it and really cannot afford it. The mad lack of restraint leads to an unstable economy laden with boom and bust, debt and stress. It creates a cold mechanistic economy where money rules. It gives rise to a materialistic culture which values quantity and utility over quality and beauty. The long and short of it is that a frenzied economy comes from frenzied lifestyles.

And that brings us to Lent. Fighting bad moral habits and practicing restraint is what Lent is all about. More than giving up a box of chocolates, how about giving up habits that foster frenetic intemperance, which is the real root cause of our economic decline? Besides the personal benefits of interior peace, detachment, and greater spiritual freedom, a good Lent can also help save our economy.


Here are some suggestions on how this might be done:

  1. Avoid speculative investments that promise huge returns on investment in little time.
    Such offers usually do not deliver what they promise and always feed frenetic desires that create anxiety and stress.
  2. Stay away from business relationships that are cold and mechanical. Treat workers like family. Respect those for whom you work.
  3.  Avoid trendy business gurus and books that call for radical changes that will “revolutionize” a company or keep people in a constant state of change.
  4. Eschew work schedules that are inhuman and stressful. Learn to appreciate leisure.
  5. Avoid compulsive buying especially during those sales frenzies around the holidays.
  6. Shun the abuse of credit cards and especially the temptation to pay only the minimal monthly amount. Avoid consumer debt as you would the plague (i.e. borrowing to buy things for your immediate consumption, e.g. that new laptop, games, cars, fashion clothing, etc. that you cannot afford, as opposed to investment debt , e.g. your home mortgage).
  7. Learn not to have everything right now. The culture of instant gratification creates a frenzied lifestyle — and economy.
  8. Do not take as role models those who have money as the central axis of their lives. Admire character not a person’s bottom line.
  9. Resist the temptation of seeing only quantity and cheapness. Learn to appreciate the beauty of quality and good taste.
  10. Avoid lavish display, especially of fancy gadgetry that leads to a desire to keep up with the e-Joneses with the latest version.


As Lent progresses, we would do well to do something that has an impact beyond our own spiritual lives. It would be good to practice charity toward our neighbor by looking at the big picture. Giving up frenetic intemperance is a good start.

 


John Horvat II is a scholar, researcher, educator, international speaker, and author. His book Return to Order: From a Frenzied Economy to an Organic Christian Society—Where We’ve Been, How We Got Here, and Where We Need to Go

 

 

Lent and the economy

what is frenetic intemperance

Quote of the day

DAILY QUOTE for May 29, 2020

Those who open their mouth to confess their faith breathe th...

read link

May 29

 

Those who open their mouth
to confess their faith
breathe the spirit of divine grace,
which is the life of the soul.

St. Anthony of Padua


My Mother, I will stand with you on OCTOBER 10, 2020

Saint of the day

SAINT OF THE DAY

St. William of Toulouse and Companions

The priests, meeting with much hostility in town, set up in...

read link

St. William of Toulouse and Companions

William Arnaud, a Dominican, and companions were sent to Toulouse in the South of France by Pope Gregory IX to combat the Albigensian heresy then entrenched throughout the region.

The Albigensian heresy preached a dualism where the body was considered evil. As a consequence, they denied that Christ could have been human, rejected the Sacraments and adopted, in their stead, pagan rituals of “purification”.

The priests, meeting with much hostility in town, set up in a house in the surrounding country, and were making many converts, which upset the local government under Count Raymond III of Toulouse.

They and others, a total of eleven, including some Franciscans, Benedictines, and a layman, were deceived into accepting an invitation to the local castle where seven of them were set upon and slaughtered in a most barbarous manner.

The other four, William Arnaud among them, escaped to a local church where they were found singing religious hymns. Violating the medieval “sanctuary” – an unforgivable act at that time – and angered by the singing, the soldiers first cut off William’s tongue, then killed all four. Their bodies were thrown in a ravine, but that night, light streamed from them leading the faithful to their relics. They were interred in the Church of San Romano at the monastery in Toulouse.

The church in Avignonet where the martyrs had been murdered, was placed under interdict and for years the doors remained locked because of the sacrilege.

Many cures were reported at their graves.

Weekly Story

WEEKLY STORY

There was once a young country wife who practiced devotion t...

read link

Mary and the Simple Country Wife

There was once a young country wife who practiced devotion to Holy Mary, just as her mother had taught her to do. This simple young lady considered herself fortunate to have married a handsome soldier. Little did she know that her soldier-husband had made a deal with the devil, that he would sell his wife for a certain sum of money.

One crisp, autumn morning the couple went out for their customary walk. Oddly, this time the young man insisted on heading towards the forest. It was at the forest where he intended to deliver his young bride over to the devil.

On their way to the forest, the couple passed in front of a Church dedicated to the Virgin Mary. The wife, overtaken with a desire to enter the church begged her husband to allow her to pray a Hail Mary in that church.

As the young lady entered the church, Holy Mary came forth from it, taking the form of the wife and accompanied the man into the forest.

When they at last approached the devil at the forest, he said to the man, “Traitor! Why have you brought me instead of your wife, my enemy, the mother of God?”

“And you,” said Mary, addressing the devil, “how have you dared to think of injuring my servant? Go, flee to hell.”

And then, turning to the man, Mary said to him, “Amend your life, and I will aid you.”

She then disappeared and that wretched man repented, amended his life and became a husband worthy of his simple country wife.

From the Glories of Mary, by St. Alphonsus Maria de Liguori.

 

 Click Here to Order your Free Rosary Booklet

There was once a young country wife who practiced devotion to Holy Mary, just as her mother had taught her to do. This simple young lady considered herself fortunate to have married a handsome soldier.

Let’s keep in touch!