Not long ago, I learned that thirty-eight percent of my retirement account has vanished and that my house is suddenly worth less than the mortgage I am paying on it. I wasn’t wasteful or reckless. I didn’t vandalize my own home or spend my life’s savings on riotous living. But all of a sudden, through no particular fault of my own, a major part of my stash of money (small though it was) simply disappeared.
This did not just happen to me, of course, but to virtually all Americans and to virtually everyone else in the world. The economic downturn — or collapse, recession, crisis, call it what you will — took us all by surprise.
We were enjoying unprecedented wealth and prosperity. Then, unexpectedly, the stock market crashed, financial institutions folded, and ordinary Americans defaulted on their homes and lost their jobs.
Wealth had always seemed solid, tangible, and practical. We assumed we were storing our money in the bank, envisioning perhaps the old comic books of Scrooge McDuck with his Money Bin piled to the ceiling with dollar bills and quarters. A concern for money was “materialistic,” as if money were material. We spoke of “real estate,” as if our estate were real.
If we didn’t have enough of the so-called “hard” cash to buy what we wanted, we could borrow it. So we bought hard material objects by means of plastic, using illusory money as if we would never have to pay it back.
Well, pretty much the whole country did this, and now the house of cards has collapsed. Ironically, to fix the economy, to put us back where we were, our government is injecting money back into the system, doing so by borrowing it, indulging in deficit spending, and cranking out more illusory money.
I am not an economist or the son of an economist. I offer no opinion here about the gold standard or fiat money. We can learn, though, that treasures on earth are not substantial, permanent, or reliable. We should have known that from Jesus (Matt. 6:19).
So how are Christians to think of money? Jesus also informs us that we cannot serve God and money (v. 24). “Serving” money turns it upside down. Money has to do with serving our neighbors. This is to approach economics in terms of the Reformation doctrine of vocation.
According to that teaching, which is essential to any theology of culture, God in His providential governing of the world works through human beings. He gives us this day our daily bread by means of farmers, bakers, grocers, and the hands that prepared our meal. For all of this we thank God in our prayers because He blesses and serves us through all of these different vocations.
And God works through our vocations to bless and serve others. God did not design for us to be completely independent. His will is for human beings to be dependent on each other. We depend on others to grow our food, build our houses, and manufacture our clothing. And