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1. Hugh Williams says

   Friday, September 26, 2008 at 6:00 am

   Read what Al Mohler has to say.

   First, he says that panic is unwarranted. I think he’s right. I hope he’s right.

   Later, he goes on to say this:

   Christians should look at the economy as a test of our values. The Bible values honest labor and dedicated workers, and so should we. The Bible warns against dishonest business practices, and we must be watchful. False valuations are, in effect, lies. Dishonest accounting practices are just sophisticated forms of lying. Insider information is a form of theft.

   The Bible honors investment and thrift, and Christians must be wary of the impulse for short-term gains and pressure for instant profit. Over the long-haul, the entire economy must prosper if the vast majority are to do well and realize a responsible gain.

   Thus, the current crisis sheds light on what happens when things get out of control, when various pressures distort the proper operation of the markets, and when irrational valuations entice investors to make poor investments. Dishonesty enters the picture at many levels, and the individual investor is too often left in the dark.

   When these things happen the economy is threatened by a lack of trust, and trust is the most essential commodity of all when it comes to economic transactions. Without trust, the entire system collapses.

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2. Larry says

   Saturday, September 27, 2008 at 9:45 pm

   Here’s a step by step article from the Mises Institute on the housing “bubble”, which is really the underlying issue with all of this. I found the “Real Estate Rollercoaster” embedded in the article interesting as well.

   The Housing Bubble in 4 Easy Steps

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