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FRONT PAGE  |  11/17/2017
Choice News WEDNESDAY, JUL 28, 2004  |  1 comments
Fed report: Belief in hell boosts economic growth
WASHINGTON (Reuters) — Economists searching for reasons why some nations are richer than others have found that those with a wide belief in hell are less corrupt and more prosperous, according to a report by the Federal Reserve Bank of St. Louis.

Researchers at the regional Fed bank acknowledged the importance of productivity and investment in the economic process but looked at some recent unconventional efforts to explain differences in national prosperity.

The St. Louis Fed drew on work by outside economists who studied 35 countries, including the United States, European nations, Japan, India and Turkey, and found that religion shed some useful light.

"In countries where large percentages of the population believe in hell, there seems to be less corruption and a higher standard of living," the St. Louis Fed said in its July quarterly review. ...


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· Page 1 ·  Found: 1 user comment(s)
News Item7/28/04 1:52 PM
Jim | Nebraska  
I have never seen such a good example of two things varying at the same time and having no connection whatsoever with the other!

Most Israelis probably don't believe in hell, but have a very good economy, this goes for Germany -- well at least the Catholics can buy themselves out of Purgatory -- and some other countries that are prosperous but don't believe in hell.

There are many Muslim countries where the people believe in hell, but believe into a lot of garbage besides, which puts them way behind.

The Protestant ethnic had people believing that doing well was honoring Christ. This is a much better explanation -- besides of course realizing we have personal responsibility to God -- on why the United States is so prosperous at the moment.

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