Faith & Economics

More on How the Debt Crisis Will Spark a Great Awakening

     A recent study by Connecticut hedge fund manager Ray Dalio for his book Principles for Navigating Big Debt Crises suggests an unexpected spiritual impact of the coming debt crisis.  After closely examining every recovery from the brink of a sovereign bankruptcy since ancient Greece, Dalio concluded that all successful government bailouts have one necessary …

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Will the Economic Crisis Spark a Great Awakening?

     It has been said that the total of U.S. federal, state, and local debt, in combination with future spending commitments, foreshadows the most predictable financial disaster in human history.  Washington’s obligations, growing at an estimated $1 trillion annually, now exceed $23 trillion, while neither of America’s two largest entitlement programs, Social Security and Medicare, …

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