March 17, 2008
Sherman S. Smith -Christian money management
Among some advisers there is a desire to be peculiar for peculiar’s sake. This is not overwhelming, but it’s one end of a spectrum. It’s easy to start a cult…and on a milder level, this shows up as gimmicks and strange techniques which are trumpeted as being the only legitimate way to do things.
Some people feel that in order to be identified as Christians, they need to withdraw from all sorts of innocent secular practices. And the problem is, people with this kind of motive don’t listen to criticism. It is associated with a tendency to claim God’s endorsement for one’s own opinions about economic matters – which, I think, constitutes taking God’s name in vain. Some Christian financial books and web sites are peppered with references to Bible verses that are only marginally relevant, the implication being that if something is tied to the Bible, it has to be right.
It is also associated with quackery and conspiracy theories. After writing numerous Christian money management books, Larry Burkett wrote a novel, The Illuminati, which he presented as fiction, but many readers took large parts of it to be non-fiction (somewhat like Dan Brown’s The Da Vinci Code). The Illuminati are supposedly a secret society that controls the economy. (Several secret societies over the years, and many fictional ones, have used the name Illuminati, but there is no evidence that they are powerful or that any of them have lasted very long.) Another common villain of conspiracy theories is the Trilateral Commission, which is a real organization, but not secret. Some of these conspiracy theories are reviewed and refuted in Exploding the Doomsday Money Myths, by Sherman S. Smith, published in the early 1990s.
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