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A Dollar Short? (2214)

Saturday Book Pick: God’s View of Economics

07/16/2011 Comments (3)

Amidst a two-year economic downturn, a stock market that sheered most pension plans by a quarter and almost double-digit joblessness, a “Catholic perspective on overcoming money worries” is especially timely. Whether this is that book, or the book readers expect, are two separate questions.

Regarding the latter, Jeffrey lays out his cards (albeit on page 111): “You may have purchased this book hoping for financial advice and instead — by design — I’ve led you on a journey inward. Financial freedom is not found in any amount of money, but in the trust one has in God’s providence. It’s impossible to make peace with money until you make peace with God. That is the real solution to the ailment” (emphasis original).

Admittedly, Jeffrey also says something similar in the last paragraph of Chapter 1: “That’s what this book is about: making personal peace with money. I will show you how to do that. Not how to make money, but to make peace with money. And God.”

St. Thomas Aquinas defined sin as “aversion from God and inordinate conversion to a creature.” These two aspects are but two sides of the same coin: I can turn to God and away from inordinate attachments to things, or I can turn to things and turn my back on God.

Jeffrey makes a similar argument: Seeking the cause of financial anxiety is usually not a matter of insufficient money, but inadequate trust in God. Because trust often presupposes a surrender of self-control, people really do not want to trust if the price is letting go of money-cum-security. And, to the degree I hold back from God, I am likely to hold on to things, with the paradox that our hearts — “restless until they rest in Thee” — remain unquiet with substitutes.

This book is a spiritual guide designed to put money and the things it buys into perspective. That perspective also involves other character traits, not least of which he identifies as simplicity, generosity, humility and mercy. Do I really need that much house that I cannot afford? Is my generosity to my parish an expression of my trust or a measured, riskless calculation of “my fair share?” Can I really honestly tell myself “I’m worth that $5 million bonus?” Is my love for another, despite the cost, without measure, real?

The book asks how money fits into, and what it says about, our lives. “Everything you own you will one day give away. The only question is to whom you will give it, and whether it will be with a warm hand or a cold one.”

In an economic downturn that largely began because we were living beyond our means on consumerist values, this book reminds us that a good part of our financial dilemmas come from spiritual disorders expressed in misplaced life priorities.

But I am also plagued by a feeling of Pollyanna disconnect with reality. Perhaps that’s my own need for conversion. But when I consider 60-somethings facing retirement with depreciated 401(k) plans or families struggling to keep children in Catholic schools while Dad is laid off and replacement jobs offer nothing like the old position’s security, I don’t find Jeffrey’s treatment sufficient. Trust in God’s providence is also essential in these cases, but I don’t see a message tailored to those caught in the vortex of our current economic hurricane. Likewise, there are virtues that accompany the responsible use of money, e.g., thrift, and that topic is absent. Without that side of the coin, a statement like “research suggests that beyond $20,000, added income actually has little direct impact on self-reported levels of happiness” rings naive.

Although Why Enough Is Never Enough seems incomplete, the book brings a refreshing and insufficiently heard perspective.

Register correspondent John M. Grondelski writes from Bern, Switzerland.

 

WHY ENOUGH IS NEVER ENOUGH

Overcoming Worries About Money — a Catholic Perspective

By Gregory S. Jeffrey

Our Sunday Visitor, 2010

191 pages, $15.95

To order: osv.com

(800) 348-2440

 

 

Filed under finances, money, stewardship

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“I can turn to God and away from inordinate attachments to things, or I can turn to things and turn my back on God.” I can also seek God through the ordinary material realities of life. That is called the sanctification of ordinary work, part of the universal call to holiness. I know plenty of Catholic families that could put “that $5MM bonus” to very good use.

Sounds to me like Jeffrey is spot on. I don’t know what a rich Christian country would look like because it does appear that wealth is the enemy of the faith. Makes sense actually - in a “rich” country people do not or think they do not need each other. Individualism gone crazy like we see in the West would be impossible without the kind of material prosperity that has developed since WWII.

A just capitalism is not, however, impossible to imagine. It would not include the pointless materialism that leads inevitably to debt. Nor would it include the kind of Darwinian libertarianism idolized by moronic athiests like Ayn Rand. As certain forms of social justice are by their nature communitarian (ie basic health care) it would require citizens willing to care for each other at the political level and pay their bills. This would mean higher taxes and fewer possessions. As should be clear, however, it would also require a society that allows a muscular religion in the public square and one that would, hopefully, respect human life. I doubt Pope would disagree with any of this. But it won’t happen until industrial nations are inhabited by citizens rather than taxpayers.
It is very important that Catholics realize that full nature of the problem we face. The immorality of secular humanism is self-evident. (Only in Obamaland would $250,000 a year be considered a middle class income and thus untouchable by the IRS and infanticide considered a human right.) But is very important to realize that Republican Party, especially the Tea Party branch, may say the right things on issues like abortion or “family values”. Their economic aims, however, are to “starve the beast” (ie: destroy government services) by cutting taxes to the level that the state cannot pay for public education, community health care and a financial safety net for the aged. Wake up folks: the Ayn Rand lovers are in the saddle in the GOP and what they want should be rejected out of hand.
There is nothing good about poverty. There is nothing in the faith that argues that we must defend the rights of the individual to fail. So what to do? Wait for the Democrats to agree to pay our debts fairly and cease their (sometimes intentional) war against religion. Or wait for the Republicans to recognize that the “market” can also be a false idol. It may be a long wait.

Here’s one simple suggestion for all of us to remember while trying to make sense of today’s economic mess: THERE ARE NO SIMPLE SOLUTIONS.
  Many writers have “earned” many bucks from all the added marketing techniques they use to package their “simple solutions.” Hmmm. Doesn’t this beg even a simple question, such as, “If these easy to figure out solutions, methods or approaches these business-literary geniuses are hawling ... why do they need to keep publishing manuals, work-out kits, hold seminars, etc, etc etc?”
  Truth is, the ir simple solution is to take something complicated, such as economics and even household bookeeping, mix in some razzle dazzle reflecting their “secret” on how to conduct “power negotiations” and all that palaber for the sole purpose of lining their wallets with what used to be their buyers former dollars. Think of many of these books about economics, and how to “approach” the topic with “easy-to-understand methods” as a genteel form of pickpocketing.
  Worse yet are the “motivational” kinds of these “simple solutions” genre ... especially the kind mixing faith and the need for one to work up his or her giddyup spirit necessary to fight the daily battle for more bucks or oontentment with the ones we have. (MLM, esp. Amway distributors sold those by the millions, if not billions.) Imagine the poor reader whose home-based MLM business is sluggish at best who’s aready dealing with clinical depression, oh, let’s say, Bipolar with a touch of ADHD. He or she reads these books and for a few seconds, POW, the old “I CAN DO THAT” sensation takes over and so does the devil’s own “health and wealth gospel” begin to take hold of this poor Christian businessperson. HOw PC of me to use that term. Sadly, it doesn’t take long for reality to hit this beleagured reader upside the old nogging and before he or she knows it, it’s Eyore at the Bookstore time!
  Well, if the business is tanking, what does that say about the spiritual bank account? It’s one thing to run out of cash by the end of the month. For most of us, it’s quite normal with begging our local banksters to raise our credit lines the only thing we have close to raiing our debt ceiling. WHAT HAPPENS IF YOUR SPIRITUAL BANK ACCOUNT IS IN DANGER OF MELTDOWN BECAUSE YOU’VE TIED IT TO THE WORST LEADING INDICATORS OF OVERALL MENTAL-ECONOMIC-SOCIAL-PHYSICAL HEALTH?
  Jeffery’s idea of simply giving our economic woes over to prayer is as solid as politicians talking down to their constituents saying “Well, it’s like this ... Youuuuu, unlike a lot of pols in Washing-ton, have a better idea of how to balance your books than they do.” Well, uh, there’s some truth to that. But here’s the part they leave out: most of us are just barely trying to figure out how to keep the family lemon from collapsing before inspection sticker time rolls around, never mind worrying about how to pay maintenance costs on B52s. As for the food budget; what mom has to deal with managing a WIC or other related programs to keep her little ones’ bellies from groaning too loudly during class the next day.
  Sigh, there’s always enough proof we’re still clear-cutting millions of acres to sell books promising “simple solutions”...if only we buy x, y, and z extra “exciting power-packed supplemental” tomes we already have more than enough reasons to say, “NO MORE.”

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