The church bubble burst awhile ago

There have been financial bubbles, housing bubbles, tech bubbles, dot-com bubbles, and more. Bubbles are not new. They have been around for a long time.

“Perhaps the most beautiful one came in the Netherlands when trading of tulip futures — especially bulbs infected by a virus that caused the flower’s petals to develop spectacular colorful patterns — brought rampant speculation in the winter of 1636–37. Bulbs, which have to stay in the ground for most of the year, naturally lent themselves to futures trading with the demand fueled by a highly unequal society looking for rare status symbols. The future contracts provided a cheap way for people to speculate. Hardly any money down was required — when the future contracts came due, prices had fallen and a large number of defaults rippled through society.” ( Source)

A financial bubble “occurs when the price of something, such as a financial asset, individual stock, or entire market, exceeds its fundamental worth by a large margin.” ( Source)

But I wonder if the concept can be extended beyond finance. Another aspect of a bubble is centered on the belief that what is current will always be the norm so there is no consideration that the future will be any different. And with that thinking comes the set up for certain failure — a popping of the bubble.

I think the church has gone through a sort of bubble and that it burst and few want to admit it. I’m not sure what bubble exactly (as far as specific name goes) though because after…