Somehow in the flurry of TARP, bailouts, and general panic over the financial situation, we’ve forgotten the role of “confidence.” The truth is, as economist Ben Stein has said, our financial system isn’t built on printing money or regulation, it’s built on confidence. It’s a perception issue. When investors feel confidence in the market, it soars. When that confidence isn’t there, it dives. I’m no economist, and I realize how complicated all of this is, but when I listen to the news, or the politicians, I’m not hearing much in the way of confidence. But the truth is, there’s a lot to be confident about. Many businesses are doing very well, and as I travel (which I do more than most people) I’m not seeing many empty seats on airplanes. Movie attendance is up. Church attendance is up. Many businesses in America are making record profits. A lot of people are struggling, and we can’t forget that impact. But at the same time,
if we regained our confidence, people would be more willing to re-invest, businesses would be more open to hiring, and we’d see the market start to lift.
Of all people, Christians should be the most confident, because even in the worst circumstances, our hope isn’t in money. Maybe that’s where we start. Christians – let’s step up to the plate here. If we want to change our perception in the culture, perhaps this is the place to start. Encourage someone. Become a cheerleader for the positive things happening in the marketplace. Reach out and help someone who needs it. Let’s start re-focusing people on the power of confidence – because we know where our confidence really comes from.