It's for the economy!
Researchers at the regional Federal Reserve 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.
Make of it what you will.
"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
Dude, most of the world believes in hell, even those guys in Iraq, plus alot of our friendly neighbors to the south. What I make of this report is that it is kinda meaningless. What does it mean to you?
Posted by: anonymusrex | Thursday, August 05, 2004 at 07:01 AM