“The rich rules over the poor, and the borrower is slave to the lender.”
There is a lot of talk these days about the level of America’s public and private debt. The incredible statistics, available up-to-date, track the minute by minute increase. For all the talk, these numbers fail to faze us for the most part. At the national level, the very concept of trillions does not register in the reality of most people, so it’s easy to shrug off as long as the bill doesn’t show up in the mailbox. At the household level, everyone has a mortgage, a car payment or two and credit card debt as a way of life. Massive debt at every level has become a new normal.
The sad, biblical fact is that we have willingly become slaves. Much of the wealth and progress we see in society has been built with money that never existed. We have, by and large, given into the greed-fueled notion that we can enjoy the fruits of labor not yet performed and possess now what we have not earned in exchange for a claim on our future productivity. Thus we become slaves to our lenders, to whom […]