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The Way Out of Massive Debt is….More Debt

October 15, 2008

It sounds counter-intuitive and it is. But we need more debt right now. More Government spending and less taxes on the middle class and poor.
Today I look at the insight into our complex, modern economy provided by…the Bible.

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  • Mark October 22, 2008 9:12 am

    You don’t have to be a fundamentalist to learn from the Bible. Funny how the Theocratic Party — the Republicans — isn’t aware of this basic biblical story. Maybe they should spend more time in Sunday school.

  • Tosh October 22, 2008 8:33 am

    The compelete story of Joseph is very instructive. Here we see Free-Market economics debunked by YWYH. It is the country that subjects itself to fairly heavily taxation (some 20% of all grain is stored during the good years)that survives. If you read the rest of the story you will discover that by the end of this famine Pharoah owns all the Egyptian gold, silver, cattle and other valuables (each year the people need to redeem something of value to get grain). He returns the agricultural goods to his people in exchange for a 20% tax.
    On the other hand you have the free wheeling free market Isrealites who twice have to buy grain then are allowed to settle in Egpyt.
    I call this Biblical capitalism. A free market with a touch of Governance to make sure we are ready for downturns and to avoid letting the strong overwhelm the weak.

  • Skip October 17, 2008 11:23 pm

    Another viewpoint

  • Robt October 16, 2008 2:50 am

    Remember the Rachel Maddow Gofer rule?
    If you have 7 gofers digging up your yard. What you need to do to stop the gofers tearing up your yard is, more gofers…!
    Yes, place more gofers in your yard to stop the existing gofer damage.
    This Gofer rule works for Guns really good.
    Don’t make me explain the “Termite Rule”……