debt(3/0)
Debt can ruin a business
Although the Bible never draws a hard line against indebting one’s self to another, Proverbs is full of admonitions about the foolishness of this practice. “The borrower is the slave of the lender” (ESV, Proverbs 22:7) is one of the most vivid examples. Temporary borrowing may allow a business to capture an opportunity that wouldn’t be possible if it had to wait until the funds were generated, but if a business regularly needs these type of capital injections it’s likely a symptom of poor management than amazing opportunity.…
Business perspective affects the poor
As one walks from Ogilvie transportation center, just blocks away from the bustling center of downtown Chicago, one witnesses the heights of wealth and the depths of poverty. At every other corner sits a homeless person, begging for their day’s money. Above one’s head soar skyscapers of dizzying height, and people in suits and ties rush importantly through the corridors between. What might one think when a wealthy businessman strolls past the destitute woman begging for food?…
Debt is sometimes wise
Lending money at interest is not inherently abhorrent to God. For example, Jesus tells a parable about a man who leaves money with his servants while he takes a journey. When the man returns from his journey, he berates the one servant who hid the money, telling him that he ought to have at least lent the money to the bank so he would receive interest. Conversely this means borrowing money at interest is not inherently wicked in God’s sight.…