03.02.09
Econolypse
Obviously, the word comes from economy or economic, and apocalypse.
- econolyspe
- Economic apocalypse
And it seems apt, especially when you know what it means. We often think of apocalypse as in the end of the world. We look at the economy and we see the same thing. But that is the wrong idea. The word apocalypse comes from a Greek word and means to reveal something that was previously hidden.
I have recently written a lot about the econolypse. I am hoping that in the process I am helping you to see that these problems are not new–the only new thing is that now they are visible. What was hidden about the mismanagement of the banks and the entire economy has now been revealed for all to see. This is an economic apocalypse.
There is another point that is also important to see. Apocalypse entered our language because it is the Catholic name for a book of the New Testament, Revelation. The book of Revelation is full of descriptions of devastating events and death, culminating in the return of Jesus to stamp out humanity’s rebellion against God and his establishment of a thousand-year peaceful kingdom. In the present unveiling of our economic distress, we really need to stop depending solely upon our own wisdom and learn to lean on the God who made us.
Look at it this way:
| Human Wisdom | New Wisdom |
|---|---|
| Rising real estate prices will never stop, buy now before you get priced out. | If the price is too high, maybe we should just wait, since it looks unsustainable. |
| Consumer spending drives the economy. Encourage borrowing, people spend more, economy grows. | Consumers’ ability to spend is limited by their earnings and savings. Reward increased savings and spending will also rise. |
| Let the big banks take risks if they choose. They are too big to fail. | A bank that is too big to fail is too big to exist. Break up those banks. |
Econolypse is a good word for what is going on. But we need to know what the word means, because there have been a lot of unsavory things going on under the table. Now that all is being revealed, we are being asked to protect those whose conduct caused it all from the consequences of their actions. It makes me wonder what will be revealed in another five to twenty years, when the fruit of our fouled up response comes back to bite us.
- econolyspe
- Economic apocalypse–the unveiling or revealing of what has been happening in our economy, hopefully accompanied by solutions characterized by departure from failed human wisdom and openly acknowledged dependence on the Sovereign Lord God for wisdom and guidance.
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