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iQuestions Faculty, Ron Blue 
 
 
Question: 
 
What is going to happen in our economy? 
 
Answer: 
 
Boy, if there’s one question that everybody would like to know the 
answer to, it’s what’s going to happen in our economy. You know, I’ve 
lived for over sixty years now, and I’ve observed sixty years worth of 
the economy. And one of the things that I’ve observed is that there 
several types of economists. 
 
One type of economists, they don’t know what’s going to happen, and 
they tell you they don’t know what’s going to happen. But the biggest 
type of economist that causes us problems is that they don’t know that 
they don’t know what’s going to happen, so they’re constantly trying 
to tell us what’s going to happen. 
 
And you need to know that I’m not an economist, and I don’t know 
what’s going to happen. But I do know what has happened. And as 
I’ve looked back over my professional career in the financial services 
world, I’ve seen inflationary times. I’ve seen deflationary times. I’ve 
seen times of war. I’ve seen Y2K. I’ve seen times of tremendous 
stress—9/11, stock market crashes. Been many, many, many times of 
stress in our economy.  
 
And the problem is what’s going to happen in the future? And all that I 
can tell you is this is that I’ve look back over our economy, as I’ve 
observed what has gone on, I’ve come to one conclusion, and that 
conclusion is that economic uncertainty is certain.  
 
 
 
Why’s that important? Well, it’s important, because it says that if 
economic uncertainty is certain, then I need to plan with uncertainty in 
mind. So, I need to do things that are principle-driven, because if I live 
my life by principles and if I know what those principles are, then 
whether we have inflation or deflation or political instability or military 
instability or whatever it might be, then I am living my life in light of 
principles that will transcend situations.  
 
And there are Biblical principles that really transcend economic 
uncertainty. And one of those principles is if I live within my income, I 
will always be doing the best thing that I can possibly do to provide for 
economic uncertainty. So, what you need to know is that next year is 
not going to be certain. There’s just going to be another type of 
uncertainty. 
 
Therefore, live within your income, avoid the use of debt, build up 
some cash reserves, plan for the future, and you will have done 
everything that you possibly can to plan for economic uncertainty, 
which is certain. 
 
 
Blue -2- 
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