George Washington died the same way America’s economy is dying: he was bled to death by his doctors. As George’s symptoms got worse, his doctors siphoned out another pint of blood–believing his bad blood was the problem.
With every pint pumped from his veins, he surprisingly – at least to the doctors – got worse. These educated and elite medical professionals never questioned their original assumptions. They erroneously concluded they had not intervened enough and siphoned yet another quart of blood.
Washington’s doctors killed him. As his cold corpse lay in his bed, you could hear in hush tones: “If only we’d bled him out faster and sooner.” The worsening symptoms were never interpreted as the proverbial light of the dashboard clamoring: “This is not working! Stop! You’re not solving the problem. You are the problem!”
The doctors of democracy from BOTH political parties have been bleeding out America today with their Keynesian assumptions that you can never spend too little, intervene too soon, or stimulate too much.
Illustration Courtesy of Author.
While 2014 reported a lower unemployment rate from December of 6.7 percent, that lower rate doesn't count the millions who have just given up on even looking for work. Rather than adding the needed 200,000 jobs per month to get our economy back on track, the recent report of 74,000 is yet another symptom that American does NOT have a healthy economy. The uncertainty of Obamacare and other fears have businesses sounding like Will Robinson’s robot: “Danger! Danger!”
What America needs today is God’s view on economics – Godonomics.
Proverbs 31 outlines how economies work: This business woman begins with PRODUCING, by finding a vineyard. Then she PROFITS. And in a free market system, the only way to profit is when someone willingly chooses to buy your product, requiring the producer to put the consumer’s needs first. Our Proverbs 31 business woman does just that, as she “affirms that her merchandise is good”, working day and night to make the business profit.
From her profits she produces SAVINGS, which allow her to INVEST in another vineyard – blessing others, hiring more workers, and PRODUCING more. From her SAVINGS she extends her hand to the poor and needy.
And twice the Scriptures affirm two lynch-pins of capitalism: Property Rights and Incentive, when it says, “Give her the fruit of her hands.”
Those profits belong to her, because she worked for them. This is called property rights. And they were the incentive of her hard work: her profits.
When you build your economy on consumption instead of production, the government has only three options to create a short term economic illusion.
Illustration Courtesy of Author.
Option 1: TAXING the producers, thus decreasing their profits, savings, and ability to invest in new jobs. Good bye employment! God warns us against the ways a large government will “take” what is “ours” and make it “his.”
1 Samuel 8: “This will be the behavior of the king who will reign over you: …he will take the best of your fields, your vineyards, and your olive groves, and give them to his servants. He will take a tenth of your grain and your vintage, and give it to his officers and servants….He will take a tenth of your sheep. And you will be his servants.
Option 2) INFLATING the currency which devalues the dollar and hurts the poor, ignoring God’s strong words about “unjust scales” and “dishonest weights.”
Proverbs 11:1: Dishonest scales are an abomination to the LORD,But a just weight is His delight.
Option 3: ENSLAVING itself by borrowing from other nations- -ignoring God’s commands from Deuteronomy .
Deut 15:6: You shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you.
If Washington is to be resuscitated… if he has any chance of recovering from his blind guides and blood thirsty doctors; we must return to God’s wisdom. We need to educate others in Godonomics, and seek His founding principle before we, like George are bled to death.
So, what should Christ-followers do during these unprecedented times?
John Wesley said it clearly: "Gain all you can, Save all you can, and Give all you can."
It's time for thrift and resourcefulness in our spending to pay off debt and build up savings. It's time to create multiple streams of income from more than just one main income supply. Diversify your income as the Bible instructs. Create margin by spending much less than you make to create an emergency fund, not presuming upon tomorrow, and preparing because the Bible teaches us that "the days are evil." If you have 26 paychecks per year, pretend you have only 24 when you create a budget, use the other two for savings.
When the mirage of our current economic realities fade, you will have prepared in advance like Joseph for the famine. You'll be able to provide for yourself and generously help others too. For more information, check out www.godonomics.com.
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