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Written by Steve Meyers

Wednesday, 08 September 2010 10:27

New Normal
By Rick Boxx
September 8, 2010

Some economists are discussing what they call a "New Normal." For decades our economy soared. Occasionally we'd have a modest recession, but soon we would pick up where we left off and start climbing again.

Then 2008 happened. The markets crashed, housing crumbled, and the credit bubble burst. Our economy was built on the shifting foundation of debt. Prices increased due to easy credit, not due to our brilliance. Many believe it may take a decade to work through the fallout.

Proverbs 22:26 teaches, "Do not be a man who strikes hands in pledge or puts up security for debts."

The lesson of the "New Normal" era is what God has taught us for thousands of years. Debt can come with a curse; the more debt the bigger the curse.

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