My undergraduate degree is in Economics and Finance. That does not make me an expert but it does give me a level of understanding and historical context. The Keynesian economic model is the one being pursued by the new administration. The idea is for the government to spend more money as a way to grow the economy. History has shown that this results in inflation, a devaluing currency, and little else. On the flip side, the economy can thrive when businesses are given the incentive to expand. Tax relief to corporations of all sizes, shapes, and colors will result in more jobs, more people working, working people making more money, more money being spent in the economic cycle.
The well-used proverb is correct: give a man a fish and he eats for a day, teach him to fish and he eats for a lifetime. Adapted to our current "stimulating" situation: give a person money he did not earn and he needs another one tomorrow. That is also a cycle; one of dependence upon the government. A friend of mine was describing a recent disaster out of which people were “forced” to steal diapers and baby formula. The friend’s answer to the problem was the government: “If you can’t trust your government to take care of you, who can you trust?”
The Lord?
Peter wrote in his first letter to struggling believers: “Cast all your anxiety upon Him because He cares for you” (1 Peter 5: 7) Jesus said that he would be able to identify believers by their benevolence toward those in need – not the government’s benevolence but the individual’s benevolence. The Bible also tells us that a motive of love is the mark of Christ-followers.
The answer to the needs of people around us is for believers to faithfully tithe and for churches to use those funds in local and global ministry. The government can help by greasing the wheels of the economic engine by enticing businesses to expand. The free market economy will right itself; there’s no need to panic. Just be faithful to the Lord and his church.
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