Man in field with Bible
The Bitcoin Daily

The Fingerprints of God in Economics

ROMANS 1:20
For since the creation of the world His invisible attributes, His eternal power and divine nature, have been clearly seen, being understood through what has been made, so that they are without excuse.

PRINCIPLE
God’s sustaining power exists everywhere even in economics.

There are two primary schools of thoughts regarding economics: Kaynesian and the Austrian School (https://www.imf.org/external/pubs/ft/fandd/2014/09/basics.htm). In many of the books that I’ve read they reference these two schools of thoughts and the differences. However, it occurs to me that there is a difference in worldviews that are the root of each.

Kaynesian economic principles believe that people (government and banks) can manipulate the economy in order to bring about a better society. Whereas, the Austrian School believes that intervention and manipulation of the economy by governments pervert the natural order of the economy.  The way that each of these schools of thought approach economics is different at a foundational level.  One is a top down approach and the other is a bottom up.  One uses a heavy hand to control and manipulate the economy; the other allows natural forces dictate the outcome.

Our economy has been run by the politically and educational elite using Kaynesian economics for over 75 years.  A brief study of how that worked out will reveal what I and may others have realized; that this approach is a failure and money is broken.  Bitcoin was an open door that has lead me to a better understanding of how money and economics works; and doesn’t.  Just as there are rules of nature there are rules for economics that God has established and maintains.  Do we believe we are god and try to build our own utopia, or do we simply manage what God has created and trust in Him? Are we the creators of the system or the keepers of Gods creation? The fundamental question is who is the creator?

REMEMBER
Everything is spiritual.