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Drafted in the early 1990s using earlier lecture material.


Here we may see how Mammon has taken the place of God in our national life. We have chosen to base our society on a web of economic ties rather than a common faith, as if a mountain of promissory notes could be the salvation of the state. When cash is dross, credit is an empty word. Public credulity does not take the place of a sound dollar. The techniques of faith -- the arts of the confidence man, the power of positive thinking -- must not be mistaken for the reality. The substitution of credit for faith and applied science for religion threatens a return to the "house of bondage."