Proverbs 31 lays out how economics work for a family or a nation. Our Proverbs 31 woman produces, profits, and has savings. From her savings, she invests in new vineyards, hires new workers, and gives generously to the poor. These steps are simple, but fundamental.
Produce—- Profit—-Saving—-Invest.
The opposite of this is when the government sector consumes more. Remember government or the public sector consumes from the private sector. That means that all public sector jobs come from money from three sources: Taxation, Inflation, or Borrowing. The public sector is a pass through for money, not a producing and profiting venture.
When a government spends more, it doesn’t help an economy, it drains it. It can throw money around, but not produce jobs, as explained in this clip of Godonomics:
The illusion of the government’s spending is coming to an end. The truth is beginning to come out. The “solution” of the debt ceiling is not a success. It is just another credit card.
Read more about this successful business woman in Proverbs 31
16 She considers a field and buys it;
From her profits she plants a vineyard.
17 She girds herself with strength,
And strengthens her arms.
18 She perceives that her merchandise is good,
And her lamp does not go out by night.
And her hand holds the spindle.
20 She extends her hand to the poor,
Yes, she reaches out her hands to the needy.
21 She is not afraid of snow for her household,
For all her household is clothed with scarlet.
22 She makes tapestry for herself;
http://www.youtube.com/watch?v=pC4QmLfILhI
For a free first session of Godonomics, check out: http://www.godonomics.com/watch-session-1
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