You have probably heard those famous words in the title of this post, but many people have no sense of their context. I have heard them attributed to Winston Churchill. Churchill said many memorable things, but this particular quotation is not one of them. Others still associate these words with the desperately dark days of the Second World War, even though they may not be sure who said them.
Actually, Franklin Delano Roosevelt is the source of this famous quotation, and it had nothing to do with the war. He made this statement as part of his first inaugural address in 1933 in response to the very depth of the Great Depression.
All week long we have heard a lot of fear and panic due to our nation’s current economic crisis. I do not mean to minimize in any way the reality of today’s financial maladies. I do, however, think it is good to keep things in proper context and perspective. So, I went back and read what FDR said and was amazed at how relevant his speech remains to this day. Consider a few excerpts.
I am certain that my fellow Americans expect that on my induction into the Presidency I will address them with a candor and a decision which the present situation of our people impel. This is preeminently the time to speak the truth, the whole truth, frankly and boldly. Nor need we shrink from honestly facing conditions in our country today. This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory. I am convinced that you will again give that support to leadership in these critical days.
In such a spirit on my part and on yours we face our common difficulties. They concern, thank God, only material things. Values have shrunken to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by serious curtailment of income; the means of exchange are frozen in the currents of trade; the withered leaves of industrial enterprise lie on every side; farmers find no markets for their produce; the savings of many years in thousands of families are gone.
Yet our distress comes from no failure of substance. We are stricken by no plague of locusts. Compared with the perils which our forefathers conquered because they believed and were not afraid, we have still much to be thankful for. Nature still offers her bounty and human efforts have multiplied it. Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.
Happiness lies not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort. The joy and moral stimulation of work no longer must be forgotten in the mad chase of evanescent profits. These dark days will be worth all they cost us if they teach us that our true destiny is not to be ministered unto but to minister to ourselves and to our fellow men.
Interesting, huh? I was astounded to read this address in light of the events of this past week. I would encourage you to read the full address. It’s not that long and you can access it here.
There are several thoughts running through my mind that I share with you here in no particular order. Maybe you can add to the discussion yourself, or email this to someone who is paralyzed by fear.
- There is no fear in love; but perfect love casteth out fear: because fear hath torment. He that feareth is not made perfect in love. 1John 4:1
- This is a great time to be debt free! Aren’t you glad now that you went to that Dave Ramsey class?
- Just a few months from now another great American will be giving his first inaugural address. No matter which of the two that is, you can do your part by registering to vote now. In Missouri you have until October 8th and until the 20th in Kansas.
- The only thing we learn from history is that we learn nothing from history. Friedrich Hegel (1770-1831)
- That which hath been is now; and that which is to be hath already been; and God requireth that which is past. Ecclesiastes 3:15. In other words, God holds us accountable to be smarter than Hegel gives us credit for being.