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 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 March 20, 2019

He alone loves the Creator perfectly who manifests a pure lo...

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March 20

 

He alone loves the Creator perfectly
who manifests a pure love for his neighbor.

St. Bede the Venerable


SATAN V. the Immaculate Conception  SIGN!

Saint of the day

SAINT OF THE DAY

St. Cuthbert of Lindisfarne

Orphaned early in life, Cuthbert was brought up by a widow w...

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St. Cuthbert of Lindisfarne

Orphaned early in life, Cuthbert was brought up by a widow who loved him like a son. According to St. Bede, he was a Briton. One night, while working as a shepherd, he had a marvelous vision of angels carrying the soul of St. Aidan to heaven. This occurrence seems to have impressed him deeply, though he went on to soldiering and possibly fought against the Mercians.

It was as a soldier that he knocked at the gate of Melrose Abbey. As a monk, he went on to become prior of the abbeys of Melrose and Lindisfarne. After some years at Lindisfarne, wishing to grow even closer to God, he retired as a hermit first to Holy Island, today named after him, and then to an even more remote location among the Farne Islands. Still, people persisted in following him even to this isolated place, and he graciously built a guest house near the landing stage of the isle to accommodate them.

Illustrations taken from the Venerable St. Bede’s Life of Cuthbert

Later, at the insistence of the Abbess St. Elfleda, a daughter of King Oswiu, he reluctantly accepted a bishopric and was consecrated Bishop of Lindisfarne. The two years of his episcopate were spent visiting his diocese preaching, teaching, distributing alms and working so many miraculous cures that during his lifetime he was known as the Wonderworker of Britain.

Weakened by his labors and austerities, Cuthbert sensed death approaching and again retired to his beloved retreat in the Farne Islands. He received the last sacraments and died peacefully, seated, his hands uplifted and his eyes raised heavenward. The Venerable St. Bede also records in his life of the saint that when Cuthbert's sarcophagus was opened nine years after his death, his body was found to have been perfectly preserved or incorrupt.

Weekly Story

WEEKLY STORY

A Bargain with Our Lady

From his sick bed, Ansaldo implored the Mother of God to hea...

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A Bargain with Our Lady


In the city of Doul, in France, lived a young cavalier named Ansaldo. This gentleman was trained in the arts of horsemanship and battle. As was common for those in Ansaldo’s line of work, he received a battle wound from an arrow, which entered so deep into the jaw-bone, that it was not possible to extract the iron.

After four years of suffering in this way, the afflicted man could endure the pain no longer. His affliction had made him very ill, a shadow of his former robust self. He thought he would again try to have the iron extracted. But before doing so, this time he decided to make a bargain with the Blessed Virgin.

From his sick bed, Ansaldo implored the Mother of God to heal his jaw and restore his health to him. In exchange for this great grace, he vowed to visit a sacred image of her in the city of Doul every year, and make an offering of a certain sum of money upon her altar if she granted this request.

He had no sooner made the vow than the iron, without being touched, fell out of his jaw and into his mouth.

The next day, ill as he was, he went to visit the sacred image. With a great deal of effort, the weakened, but hopeful man placed the promised gift upon the altar.

Immediately, he felt himself entirely restored to health.

Amazed by the quick maternal response of Mary Most Holy, Andsaldo never forgot his vow and returned every year to honor his part of their bargain.

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

From his sick bed, Ansaldo implored the Mother of God to heal him and restore his health to him. In exchange for this great grace,

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