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07/30/2004 Entry: "Fear of Hell Can Pay Off"

The Federal Reserve Bank of St. Louis says Fear of Hell Can Pay Off.

.. religious beliefs .. raise economic growth by spurring individual behavior and actions that are thought to encourage productivity.

Oh, this just pisses me off. I'll have to come up with a better response to this later, but for now, I'm wondering how the other Federal Reserve districts are going to top this. Maybe the Cleveland could send out an expedition to look for the Ark of the Covenant. I bet having the Ark on our side would really boost productivity.

P.S. Excellent graphic on the page !