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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 July 25, 2021

When you can do nothing at prayer, make acts of humility, co...

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July 25

 

When you can do nothing at prayer,
make acts of humility, comparing
your nothingness with God’s greatness,
your ingratitude with His benefits,
your lack of virtue with the purity and perfection of the saints.

St. Claude de la Colombière


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Saint of the day

SAINT OF THE DAY

St. James the Greater

The Virgin Mother, then still living, appeared to him on the...

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St. James the Greater

James the Greater was the son of Zebedee and Salome, one of the women at the tomb on Easter morning, (Matt.27:56, Mark 15:40, 16:1) and the brother of John – probably the elder of the two. He is called “the greater” to distinguish him from James the Lesser, who was probably shorter in stature.

There is evidence in Scriptures that these two brothers were cousins of the Lord, which may explain Our Lord entrusting His mother to John as He was dying. Both James and John were probably of a fiery temperament for which they were called “sons of thunder.”  They once wished to call fire upon a city, for which Our Lord rebuked them. (Luke 9:51-6)

James was one of the first apostles called by Jesus, and was one of the three selected to witness His transfiguration.

James was apostle in Iberia, in the region of present-day Spain. Ancient tradition ascertains that when praying one night in the year 40, the Virgin Mother, then still living, appeared to him on the banks of the River Ebro to encourage him in his difficult mission. She was accompanied by a multitude of angels who bore with them a marble pillar on top of which was a small statue of her holding the Child Jesus. She bid James build a shrine where the pillar was to be placed, which he did, the first shrine dedicated to the Mother of God on earth. Today, the sacred pillar, still in the same spot, is enshrined in the great Basilica of Our Lady of the Pillar in Zaragoza.

James returned to Judea after this apparition, and was the first apostle to suffer martyrdom. He died by the sword in Jerusalem at the command of Herod Agrippa in the year 44. His relics rest in the city of Compostela in northern Spain, the final destination of the famous pilgrims of the “Camino de Compostela.”

Weekly Story

WEEKLY STORY

In the Secret of the Rosary, St. Louis de Montfort relates t...

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The Rosary and the Possessed Girl

In his book, The Secret of the Rosary, St. Louis de Montfort relates that a Dominican, Father Jean Amat, was once giving a Lenten Mission in the Kingdom of Aragon, Spain, when a young girl, possessed by the devil was brought to him.

Father Amat began the exorcism. After several unsuccessful attempts, the priest had an idea; taking his Rosary, he looped it around the girl’s neck. 

No sooner had he done this, the girl began to squirm and scream and the devil, shouting through her mouth shrieked, “Take if off, take off; these beads are tormenting me!”

At last, moved to pity for the girl, the priest lifted the Rosary beads off her neck.

The next night, while the good Dominican lay in bed, the same devils who possessed the young girl entered his room. Foaming with rage, they tried to seize him, but he had his Rosary clasped in his hand and no efforts from the infernal spirits could wrench the blessed beads from him.

Then, going on the offensive and using the Rosary as a physical weapon, Fr. Amat scourged the demons crying out, “Holy Mary, Our Lady of the Rosary, help me, come to my aid!” at which the demons took flight.

The next day on his way to church, the priest met the poor girl, still possessed. One of the devils within her taunted him, “Well, brother, if you had been without your Rosary, we should have made short work of you…”

With renewed trust and vigor, the priest unlaced his Rosary from his belt, and flinging it around the girl’s neck commanded, “By the sacred names of Jesus and Mary His Holy Mother, and by the power of the holy Rosary, I command you, evil spirits, leave the body of this girl at once.”

The demons were immediately forced to obey him, and the young girl was freed.

“These stories,” concludes St. Louis de Montfort, “show the power of the holy Rosary in overcoming all sorts of temptations from the evil spirits and all sorts of sins because these blessed beads of the Rosary put devils to rout.”

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In the Secret of the Rosary, St. Louis de Montfort relates that a Dominican, Father Jean Amat, was once giving a Lenten Mission in the Kingdom of Aragon, Spain, when a young girl, possessed by the devil was brought to him.

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