It seems as if most media coverage of Republican presidential challenger Mitt Romney’s Mormonism has focused on voters’ potential skepticism of a Mormon candidate. But David Frum‘s latest Newsweek column suggests Romney’s faith could offer some benefits.

It was Romney’s faith that sent him knocking on doors as a missionary—even as his governor father campaigned for the presidency of the United States. It was Romney’s position as a Mormon lay leader that had him sitting at kitchen tables doing family budgets during weekends away from Bain Capital. It was Romney’s faith that led him and his sons to do chores together at home while his colleagues in the firm were buying themselves ostentatious toys. …

… Like their Calvinist forebears, Mormons are inclined to interpret economic success as an indicator of divine approval, a fulfillment of the Book of Mormon’s promise that the faithful will “prosper in the land.” This prosperity gospel may explain some of Romney’s defiant pride in his material success. Yet Romney’s attitude toward money seems also to have been shaped by the LDS church’s emphatic hostility to conspicuous consumption and lavish display.

According to his biographers Michael Kranish and Scott Helman, Romney was horrified when one of his Bain partners purchased himself a private plane. Yes, Romney bought a $55,000 car elevator. But for every story of a rich man’s extravagance, there are many more of Romney’s frugality: patched gloves, dented cars, and $25 haircuts.

If Romney’s attitude toward money is influenced by his church, so is his outlook on how money should be used to help those in need. Mitt and Ann Romney have donated millions to the LDS church, a substantial portion of which has gone to its own internal welfare state for members in need. Unlike government aid, those who receive LDS welfare are expected to “give back”; they contributed almost 900,000 person-days in 2011. Here may originate some of Romney’s skepticism about federal welfare programs.