Economics in the Kingdom of God.
How do supply-side and Keynesian economic policies reflect Christian beliefs?
posted by Mark Killian | 9:31 AM
American History - Period 6
This blog is for student of American History at Cincinnati Hills Christian Academy. The purpose of the blog is to add additional thoughts to daily lessons.
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17 Comments:
Keynesian economics do reflect Christian beliefs. When the economy fell down on its face that government was there to help it get back on its feet. Not only are Christians supposed to do this for eachother, but God helps Christians do this for themselves.
Supply-side economics seems a little bit harder to relate to Christianity. I suppose it has a lot to do with Mellon's idea of reducing taxes to get more out of the American people and economy. It kind of shows that once Christians forcing God and their beliefs on other people the people will come willingly to them. In fact Christians might even recieve more followers if they just show a good example rather than pushing their beliefs. So just as the government would recieve more money if they cut back taxes, so might Christians recieve more converts if they push a little less.
The purpose of both supply-side and Keynesian policies is to keep good economic conditions. High employment, low inflation rates, low taxes, and low public expenditure are some of the views of these two policies. The Christian beliefs go with these two policies because they all believe high employment is a good thing. When the economy is good things tend to be peaceful in the country. This helps us to do those things that allow us to be Christians, like if you have some extra money that you would like to give to a missionary so they can help spread Christianity.
Keynesian economics reflect Christianity in the fact that the govt helps out. When the economy is struggling the govt steps in helps the citizens. This is the same sort of grace that God gives us, He gives us what we need but not what we deserve. The policy is very much hands which the same way God is with us, he helps lead us down the right road and helps us in times struggle and get through them, which is the same idea Keynesian economics.
Supply side economics are the opposite of Keynesian. This policy is much more hands off which is the opposite of how God is with us. God helps us out in our lives, we do not want God to keep his hands off. We want God's help in all aspects of our life, and not for him to leave us alone in times of need, which is what supply side economics does. Hoover's usage of supply side economics put us deeper into a depression and only caused more problems. This is how things would be with God, if he was hands off then when we were in times of need we would only get worse and would continue down the wrong path.
Keynesian Economics and Supply Side economics reflect the strategies for the roaring twenties to get the economy back on track. Supply Side Economics is the lowering of taxes which caused more spending. This does not reflect Christian beliefs because as a Christian one of our goals is to help those that are in need. By spending more money to buy things that are not necesities is a waste of money and has nothing to deal with helping the poor. All this plan does is help the rich become richer than they were before.I believe that Keynesian Economics reflects our goal as christians in helping those who are down trodden. I like to call Keynesian Economicss the Robin Hood strategy because all though it is not giving money to the poor the poor are cared for and treated as first class rather than a second thought. To be more technical Keynesian Economics is when the private economy fails the public sector must step in to rehabilitate the economy. This means that money is given to the poor to pay for things which help the rich so everyone is satisfied. Matthew 19:21 says,Jesus answered, "If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me." This should be one of our aspirations in life and Keynesian Economics helps to fulfill this verse a little bit more than Supply SIde Economics.
The keynesian economic policies reflect Christianity because it has to do with the goverment (picture it as God) stepping in to help the economy (this being the people). It's as if there are different "worlds" on this planet, one revolving around religion, faith, and daily lives; another revolving around more material-like things suchas economic policies and government. But if you think about it, like I said, the world of Keynesian economie policies can reflect the world of Christianity by seeing a "bigger force" taking action for the love of the well-being of its people, for humanity.
Supply-side economics at first seem sort of sketchy, because I know I even thought, "Why give more money to the rich, when they already have so much?" What I thereafter realized was that that was not the basic point or goal of supply-side economics... It is merely a theory that if taxes are cut for the rich, the money will have a "trickle down" affect and reflect onto the poor gaining wealth and well-being due to that. This idea of the rich (or whoever can afford it- which is a large percentage of the population...) giving a portion of their income to the poor for mission work reflects on the church's love for charity.
Keyniesian Economics relfects christianity because when the economy falls the government is there to help out. which is alot like chrisitianity because when you fall down god helps you back up and so does the church. Supply side economics was much harder for me to see. the idea of reducing taxes to help the American people didn't show me much christianity relations at first but now i see that it can be related in the way that christians serve and help out other Americans in need just like supply side economics.
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How do supply-side and Keynesian economic policies reflect Christian beliefs?
Supply-side and Keynesian economic policies reflect Christian beliefs on their morals. The morals of both can be seen as a boudary that Christian beliefs run to. In the end I trust in my country and I trust in the Christian nation that we are, and all that we do should be focused on Christian spiritual deccission.
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Supply-Side economics emphasize the importance of the supply sector of the "Supply-Demand" system, whereas Keynesian economics deal with the demand sector. Both of these theories deal with the strategic input of money into certain areas of the economy in order to improve the economy as a whole through some sort of chain reaction system. Keynesian economics would ask for the Government to step in when there is high unemployment and hire the unemployed so that they may make money and eventually spend the money. This would feed currency and employment throughout the economic system. In a similar way, Christ came and picked out the lowly and the sinners and he fed them christianity and gave them the employment of christianity. He then told them to go out and start a chain reaction in their societies by spreading the word so that the poeple could hear about Christ and be made whole through him. Supply-Side economics would give money to the big businesses so that through employment and wages, the money would filter through the economy and stimulate it. In a loosely related way, God often blesses good Christians and good people with lots of success and currency so that they can go about doing wonderful things for his kingdom. This is not always the case, and often many good Christians live modest lifestyles. However, there can be a parallel drawn to supply-side economics because if God blesses those with wealth who he believes will use it wisely, they will in turn feed it into worthy and virtuous ventures and it will therefor filter throughout the Kingdom.
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Keynesian economics is when the government helps out when personal economies fail. This to me seems to reflect Christian beliefs because it is just like God. If we are the personal economies, God is the government. Whenever we fail, are struggling, or need help He steps in. It also represents what Christians are supposed to do for others. When someone is in trouble we are supposed to help them out like the government helps personal economies that are failing. The government is actively involved in the lives of the people, doing things such as providing for the poor and finding jobs for unemployed. Again this is just like God, he is actively involved in our lives. He is everywhere and will always help us when we need Him.
Like both John and Amelia said, supply-side economics is the opposite of how we want our relationship with God to be. This is seen as the "hands off" policy, which is obviously not how any of us want God to act towards us. We want God to be "hands on" with our problems, like the government is in Keynesian economics. Wanting this supply-side economics would be like asking God to stay away, which while that is what some people want, it is clearly not Christian belief to push God away.
Keynesian economics in my mind is directly connected to Christian beliefs because the government acting on the community could easily represent God acting in our lives. I also realized supply-side is the complete opposite of Christian beliefs. No Christian wants God to be "hands off". Also, no Christian should be "hands off" when it comes to helping others.
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I think that Kenynesian economics better support the theory of Chrisitan belief better than supply-side economics only because of how Kenynesian economics is all about giving the money to the poor where as supply-side is about allowing the upper class to start with the money and then allowing it to trickly down into the economy. When our country went through the depression the poor became enven more poor and most were put on the streets. However when the Kenysian act came into play the poor were helped out and in the bible it says to help those who are in need which were the poor. In supply-sde economics it mainly helps the rich and only eventually will come to the poor.
God reminds us in the bible that those who are given much are expected to give even more by helping others and the Kenysian acts helped with that.
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