economy – economists

Jeremiah’s Politics

Jeremiah’s Politics on March 27, 2010

As Jeremiah is the Old Testament prophet for Passiontide, so he is also the prophet for modern times. His being the prophet for Passiontide is apparent from the Holy Week liturgy where, to express her grief for the Passion and Death of Our Lord, Mother Church draws heavily on Jeremiah’s “Lamentations” for the destruction of Jerusalem in 588 B.C. Jeremiah’s being the prophet for our own times was the view of Cardinal Mindszenty, no doubt because the Cardinal saw the sins of his own world calling even more for the denunciations of Jeremiah than did those of Judah, and leading just as surely to the destruction of our present sinful way of life.

Now in the domain of politics and economics, a number of commentators today (accessible on the Internet) clearly see that destruction coming, but they do not connect it with religion, because either they, or the bulk of their readers, starting from below, do not think upwards. Jeremiah on the contrary, starting from above with his dramatic call from God (Chapter I), sees politics, economics, everything, in the floodlight of the Lord God of Hosts. Thus after denouncing at length the horrifying perfidy of Judah and its sins against God and after announcing Judah’s punishment in general (Ch. II-XIX), he makes political prophecies in particular: the Judeans will be taken captive to Babylon (XX), with their King Sedecias (XXI), and Kings Joachaz, Joakim and Joachin will all be punished (XXII).

Such prophecies do not make Jeremiah popular. The priests of Jerusalem arrest him (XXVI), a false prophet defies him (XXVII), King Joakim himself seeks to destroy the prophet’s writings (XXXVI), and finally the princes of Judah throw him down a muddy well to die, from which he is only rescued by an Ethiopian (XXXVIII). Immediately Jeremiah ventures back into politics, by urging – in vain – King Sedecias to surrender to the Babylonians, which would have spared the King great suffering.

Obviously the secular and religious authorities of decadent Jerusalem did not like what the man of God was telling them, but at least they had enough sense of religion to take him seriously. Would not today both Church and State dismiss him as a “religious nutcase” and tell him to “stay out of politics”? Have not Church and State alike today so cut politics loose from religion that they are blind to how profoundly their godless politics are branded by their very godlessness? In other words, men’s relation to their God impregnates and governs everything they do, even when that relation is on men’s part one of utter indifference towards God.

So if any of us follow this year an Office of “Tenebrae” (“darkness”), let Jeremiah’s grief for Jerusalem laid waste evoke for us not only Mother Church’s sorrow for the Passion and Death of Our Divine Lord, but also the Sacred Heart’s own measureless grief for an entire world sinking into sins which will bring down its utter destruction, unless we heed the plaintive cry of “Tenebrae”: “Jerusalem, Jerusalem, turn to the Lord thy God.”

Mane, Thecel . . .

Mane, Thecel . . . on February 13, 2010

Should a Catholic bishop leave to one side matters of economics on the grounds that he should keep to matters of religion? By no means! What a narrow view of religion one must take in order not to see that economics, or the art of managing the material goods necessary for life, is entirely governed by the view one takes of life, and the view one takes of life depends on religion. For how can religion (or its lack) be adequately understood except as the total view of life by which a man binds himself (or refuses to be bound) to the God who gave and gives him his life?

If multitudes of men today think that economics have nothing to do with God, it is only because beforehand they think that he is either non-existent or insignificant. And supposing that there is an after-life, think they, then Hell is either non-existent (“We all go to Heaven”) or unimportant (“At least all my friends will be there,” they joke). Upon which presuppositions follow the shift from the economics of yesterday, economics of thrift, to those of today, spendthrift economics.

Yesterday, do not spend more than you earn. Save, and do not borrow, to invest. Do not solve debt with more debt. Today, it is patriotic to spend. Everybody will be prosperous if you spend regardless of what you earn. Do not save, because idle money benefits nobody. By all means borrow to make profitable investments. And if your debts turn sour, borrow more to get out of them.

These eat-drink-and-be-merry economics were intellectualised in particular by the highly influential British economist, John Maynard Keynes (1883–1946), who once famously said, “In the end we all die.” By the 1970’s President Nixon (1913–1994) was saying, “We are all Keynesians now.” And since the 1970’s the Keynesian build-up has been continuous all the way to the 2000’s orgy of lending, borrowing and spending, made possible only by the people’s having given up on the old common sense of not spending more than you earn, and of shunning debt – “Owe no man anything but to love one another,” says the Word of God (Rom. XIII, 8), and “The borrower is servant to him that lendeth” (Prov. XXII, 7).

Right now the world is enslaving itself to the money-men, the orgy is collapsing, and the collapse is by no means over. Unemployment is far higher than the politicians can afford to admit, yet still they garner votes by promising jobs and free lunches for the people. The politicians have encouraged these unreal expectations by which they rise to power but on which they will not be able to deliver. The people are about to rise up, are rising up, in anger. The politicians will have to start foreign wars to take the people’s mind off domestic troubles. War is around the corner, to be followed, if God permits, by the usurers’ World Government. All because the people thought that God had nothing to do with life, and life nothing to do with God.

But see Daniel V, 5–6 and 24–28! The Lord God has our number (“Mane”), we have been weighed in his balance and found wanting (“Thecel”), our fun-land is over (“Phares”). It remains for us to take our medicine.

Kyrie eleison.

Sensible Economics

Sensible Economics on January 23, 2010

When too many powerful people have a vested interest in “economists” being confused and confusing, it is a relief to come across (on jsmineset.com) the common sense of the “Seven Commandments”of the Austrian School of Economics. The first two, as listed below, are elementary. The last five condemn five ways in which many State governments today, no doubt under political pressure, are trying to get out of obeying the first two. Here they are, each with a commentary:—

1) “Thou must earn.” With all men’s continual need to spend on food, clothing and shelter, every person, family and State must somehow earn. They can only earn by producing or providing the other members of the community (or other States) with goods or services which those others are willing to buy.

2) “Thou shalt not spend more than thou earnest.” No person, family or State can go on for ever spending more than it earns. Otherwise it must pile up debt until the creditors call a halt. Then the debt must at last be repaid, which is painful, or it must be defaulted on, which can be disastrous

3) “No State may make too many rules.” A State must make rules for the common good, but if it restricts the citizens’ productive activity by making too many rules, it will harm the common good by restricting instead of promoting that activity.

4) “No State may tax too much.” Similarly too much State taxation levied on productive activity will hinder, even paralyse, that activity, so that an excess of taxation will even diminish a State’s tax income.

5) “No State may spend its way out of a recession.” In a recession where most citizens of a State are both earning and spending less, no government can resurrect that earning and spending simply by spending more itself, because to get that extra money to spend, it must either borrow (see 2) or tax (see 4) or print money out of thin air (see 6). All three alternatives have strict limits.

6) “No State may print its way out of a recession.” Nor can a government solve a recession by fabricating extra money to spend merely by printing more and more banknotes or by hitting more computer keys, because unless there is an increase in the production of goods corresponding to the increase in the money supply, too much money chasing too few goods will force up prices until hyper-inflation can eventually destroy the money altogether.

7) “No State may employ its way out of a recession.” Nor can a Government solve unemployment merely by hiring the unemployed as non-productive government bureaucrats (see 1), or by paying out more and more unemployment checks (see 5).

However, if “democratic” peoples so adore Mammon that they keep on voting for politicians bought out by the servants of Mammon, who can they blame but themselves if these money-men take over their government? And if the result will be a living misery for the same peoples, will not the Lord God have punished them by where they have sinned? And will they have left him with any other way of making them understand that he did not give them life just for production, economics and money or even the Austrian School? Or of bringing home to them that these things are necessary in their rightful place, but that above and beyond all of them there is an eternal Heaven and an eternal Hell?

Kyrie eleison.

Psalmist’s Perspective

Psalmist’s Perspective on January 2, 2010

Another year begins. What does it bring? If a global disaster in finance and economics is on its way, it has certainly not yet hit with full force. Will it hit in 2010? In any case it will draw closer. As the pressure mounts, it will become more and more important to see in that pressure the hand of God and not just the machinations of men. Here, with comments for the 21st century, is one of the 150 Psalms to help us see things as a soul close to God sees them. Psalm 27 has only nine verses:—! “Unto thee will I cry, O Lord” (and not to the media or governments): “O my God, be not thou silent to me: lest if thou be silent to me, I become like them that go down into the pit”

A powerful soft current is pulling all souls today towards the pit of eternal hellfire. God can easily help me, and he longs to do so, but I must turn to him and beg his help. The Psalmist will beg –

2 “Hear, O Lord, the voice of my supplication, when I pray to thee; when I lift up my hands to thy holy temple.

3 Draw me not away together with the wicked; and with the workers of iniquity destroy me not: who speak peace with their neighbour, but evils are in their hearts.”

The Psalmist is not a silly soft liberal who pretends that all men are nice and mean well. He knows that in many sweet-talking men God has wicked enemies who are powerful enough to have set up a whole environment, such as we have in 2010, that threatens to drag him down to Hell (verse 1). To deal with them, it is to God that the Psalmist will turn –

4 “Give them according to their works, and according to the wickedness of their inventions. According to the works of their hands give thou to them: render to them their reward.

5 Because they have not understood the works of the Lord, and the operations of his hands: thou shalt destroy them and not build them up.”

We need never worry that God will not deal with his (and our) enemies, even in our 21st century, when they may seem to have triumphed. They do not deceive him, nor will they escape him. What is more, God certainly looks after souls that turn to him –

6 “Blessed be the Lord, for he hath heard the voice of my supplication.

7 The Lord is my helper: in him hath my heart confided, and I have been helped. And my flesh hath flourished again, and with my will I will give praise to him.”

Note that the Psalmist is neither an idiotic angelist, pretending he is too perfect to have bodily interests – God has looked after him, “heart” and “flesh.” Nor is he a self-centred individualist, as is shown by his prayer for all of God’s people –

8 “The Lord is the strength of his people, and the protector of the salvation of his anointed (meaning, ever since the death of Our Lord upon the Cross, souls anointed with the Catholic sacraments). 9 “Save, O Lord, thy people, and bless thy inheritance: and rule them and exalt them for ever.”

Today we would say, save, O Lord, thy Catholic Church.

Kyrie eleison.

Christmas Cheer

Christmas Cheer on December 19, 2009

Here is some good news for Christmas, drawn from England’s “Catholic Herald” of Dec. 11: a report from the United States tells that the present economic recession is helping marriages. The recession began towards the end of 2007. In that year the divorce rate in the USA was 17.5 for every thousand married women. In the following year it was 16.9. Lessons at what Americans call “The School of Hard Knocks” are costly, but they sure teach!

“Marriage in America: The State of Our Unions 2009” is the title of the Report published jointly at the Institute for American Values, University of Virginia, by the Center for Marriage and Families and the National Marriage Project, whose director, Brian Wilcox, wrote the Report. He says that millions of Americans have adopted a “homegrown bailout strategy,” and “are relying on their own marriages and families to weather this storm.” As our new-fangled world collapses, so the old proverbs come back into their own: “Every cloud has a silver lining”; “Blood is thick and water is thin”; “There’s no place like home.”

Another piece of evidence quoted by Wilcox to prove that the economic crisis is helping marriages is the decision of many married couples to get rid of credit card debt. As reported by the Federal Reserve Board, Americans have reduced their collective revolving debt by 90 billion over the past year. Wilcox says the recession has revived the “home economy” as more and more Americans are growing their own food, making and mending their own clothes, and dining out less often: “Many couples appear to be developing a new appreciation for the economic and social support that marriage can provide in tough times.”

Husbands, behave like men, and turn to your wives for support. Wives, glory in your womanly gifts which men do not have in anything like the same measure, and lean on your husbands for strength. A man without a woman is normally a zero (yes, zero!). A woman without a man is normally even less, an incomplete zero, or an open U. But put the U as support beneath the zero, and you suddenly have 8! On the Miraculous Medal, is not the Cross of Our Lord shown resting on the M of Mary? To go through with his Passion Our Lord chose to renounce all his divine Strength. But could his humanity alone have performed our Redemption without the human support of his Mother? Never!

Not many economists have any common sense, but the few that are not living in la-la-land all see this recession getting much worse yet. Mothers, re-learn domestic skills. Fathers, re-learn vegetable gardening. All lovers of truth and reality, strengthen not only family ties, but also neighbourhood ties. It is going to be a question of survival, and our governments and media are not going to help, on the contrary, unless they seriously change direction. “Our help is in the name of the Lord,” figuring at this time of year as a powerless human baby. Yet this baby is the Almighty!

Kyrie eleison.

Shifting Perspectives

Shifting Perspectives on August 29, 2009

A remarkable yet possible plan of Heaven for today’s world can be guessed at, if Orthodox Christianity is reviving within Russia in the manner described to me a few days ago in London by a Russian. His description corresponds to the impression brought away from Russia by an American friend visiting St Petersburg a few years ago – the average Russian has distinctly more spiritual substance in him then has the average spiritually wasted Westerner. Does this connect with Our Lady of Fatima . . .?

The Russian in London told me that the Orthodox Church in Russia is following rather than leading a revival of Orthodoxy amongst the people. Attendance at the Orthodox liturgy has increased by half over the last two years, and now 80% of Russians are at least calling themselves “Orthodox,” i.e. believers. New parishes are springing up everywhere. Bibles are snatched up as soon as they come on sale. Religious literature is flourishing, whilst atheistic propaganda is dying. “Holy Russia” is rising from the grave in which Communism from 1917 to 1989 strove to bury it.

For when the Communist structures of the Soviet “empire of evil” (Pres. Reagan) collapsed in 1989, the Russians turned for an ideology to replace Communism not to Western Liberalism but to their national and religious roots in Russian Orthodoxy. What indeed had the decadent West had to offer to Russia’s new needs in the 1990’s? In economics, the plundering of their wealth by capitalist vultures; in politics, the still on-going encirclement of their frontiers to ensure the United States’ permanent global hegemony by the construction of a ring of military bases which are one, if not the real, reason for the disastrous occupations of Iraq and Afghanistan never to come to an end; in religion, the attempted push eastwards into their land of Conciliar ecumenism, with which apparently the Russian churchmen want nothing to do – on the contrary, they are aware of the Traditional Catholic movement, and support it.

However, let us be under no illusion: Russian Orthodoxy welds together religion and patriotism in a not wholly godly mixture, and Orthodoxy is still schismatic by refusing the Papal Supremacy, and heretical by refusing a number of dogmas, so Russians do need to be converted to the truly Universal or Catholic Church. But if Our Lady of Fatima has singled out their country for the Consecration to her Heart, may the reason not be, not that the Russians are still wicked Communists but that the Russian people’s huge sufferings from their 70 Babylonian years of Communist captivity are calling forth from the always religious depths of “Holy Russia” an upsurge of spiritual vitality? And could this not save the true Church, presently wilting in the West, where the mainstream Church may still have large numbers but has little Faith whilst the Traditional remnant has the true Faith but negligible numbers? God knows how the Western Church also needs conversion!

May it then be Russia’s smashing of the encirclement in a Third World War leading to an occupation of Europe, which will at last drive the Latin Pope to consecrate Russia to Our Lady’s Heart, as she has so long been asking for in vain? Will at that moment the Russians’ renewed religious vigor save our languishing Catholic Tradition, whilst our Tradition will cleanse their errors? If so, then God will once again have “concluded all in unbelief, that He may have mercy on all . . .How incomprehensible are His judgments, and how unsearchable His ways . . . To Him be glory for ever” (Rom. XI, 32 . . .36).

Catholics, mainstream and of Tradition, pray your hearts out for the Consecration of Russia to the Sorrowful and Immaculate Heart of the Mother of God, or “Theotokos” as she is known in the Eastern Church.

Kyrie eleison.