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IPFS News Link • Economic Theory

Economics in the Bible

• by Peter Jacobsen

My mind went off on a tangent regarding the miraculous creation of olive oil from the widow's small container, which filled many other containers so she could pay off her late husband's debts and even live off the rest of the money.

I got to thinking about whether it's different from the way central banks print money and devalue currency."

Steve goes on to give two hypothetical differences between God's creation of olive oil and the central bank's creation of more money. I've chosen to exclude them at this point because he isn't far off, and I'd rather build toward the answer than lay it out. Steve concludes with,

"I just wondered if my conclusions are correct and if you had ever thought about this or other economic situations from the Bible."

1 Comments in Response to

Comment by PureTrust
Entered on:

The idea in this article are missing two important basic things. 1) Satan tempted Jesus to turn the stones into bread. Jesus answered, "Man does not live by bread alone, but on every word of God." When the Satan left Jesus, angels came and ministered to Jesus (miracles). In other words, miracles are not the point. The reasons for the miracles are the point. Every word of God means the whole physics of the universe. Better follow it all before doing miracles. 2) St. Paul said, "We have this treasure in jars of clay, to show this all-surpassing power is from God, and not from us." The reason we don't do miracles is that we don't have faith. How do we know this? Because people focus on the words 'jars of clay' rather than on the words 'we have'. We have of God. Money creation by the banks is stealing because more money devalues the wealth we all have. Let us get into faith with God so we can do the miracles it takes to get out of the devaluation of our money problem.