Evangelicals Curbbed the Housing Bubble

Economy, Evangelicals — By on March 31, 2009 at 3:08 pm

Sorry Chris Hitchens, but God is pretty great for the economy. At least, that’s what the New York Times is saying.
According to New York Times reporter Zubin Jelveh, there is good reason to think Evangelicals curbed the housing bubble. The article credits Evangelical optimism for the second coming of Christ as a possible reason why Evangelicals did not participate in the house buying frenzy during boom times and are now taking advantage of cheap housing during bust times. I credit the Evangelical idea of stewardship and a Bible based disinterest in “keeping up with the Jones’.” Regardless, belief in God and an understanding of life that is bigger than a merely reductionist, materialist view of the world is to be credited for sparing Americans an even greater burden of debt than what currently exists. ‘


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