The Cockroach of Finance

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The prosperity gospel is the most glaring example of a serious error, even the secular economists would say that's an error. The Bible says that when you go into debt you do put yourself kind of under the perspective of somebody else. Debt is this incredibly robust contractual form that can thrive in environments with low quality legal institutions and norms. It's hard to operate without it.

Are Christians called to navigate their finances differently from everyone else? Are the oft-repeated directives to save aggressively and avoid all debt either scriptural or wise? Is it possible that spiritual wisdom and practical wisdom are sometimes one and the same? Join David and Curtis in this excellent discussion with James Choi, Professor of Finance at Yale. As a Christian and a behavioral economist, James brings both spiritual and practical wisdom to the area of personal finance and exposes where some of our most popular financial gurus might be giving us poor advice.

Show Notes:

-Derek Thompson (The Atlantic) - All the Personal-Finance Books Are Wrong

-Greg Rosalsky (Planet Money) - An economist studied popular finance tips. Some might be leading you astray

-Why I am a Christian (James Choi)

Follow Curtis’ work at RedeemingBabel.org

Produced by Kris Carter