For the End Times Financial Collapse: Get KGOV Bucks!

* Just in time for the Last Days financial melt down: We're going back to 2015 when Bob Enyart and his nephew Brian Enyart Jr. discussed money itself. What makes an economy function? What is fractional banking? And our BEL article, What is money?


* Amending Walter Williams: Economist Walter Williams is a truly great mind. So only with careful thought do we offer two caveats to his otherwise brilliant remarks. First, crime doesn't pay. Only from an insufficiently broad perspective can someone speak of the "benefit" that comes from government economic intervention to politicians, big corporations, or unions. In the same way that the criminal does not "benefit" from his crime, typically, those who receive stolen goods are harmed more so than those who are plundered.

Secondly, when a governmental or moral argument rests on the U.S. Constitution, as Williams here references Article 1, typically that argument will stand on unsure footing and be vulnerable to simple refutation. For example, Williams praises the Constitution for giving us limited government. However, that same Article 1 also regulated the ownership of most blacks in America as slaves, which gave government support for control over 100% of the lives of millions of human beings. Further, the Commerce Clause from Article 1 is the epitome of the camel's nose under the tent. In practice this clause has given control to the federal government, time after time, where it has wished to regulate vast domains of American life. And if Article 1 is the camel's nose, the 10th amendment is the back of its skull, for of the powers not granted by the constitution to the federal government, an undefined percentage of those that a government might usurp, "are reserved to the States". Rather than on a mere constitution, arguments regarding morality, economics, and governance should be anchored upon God's revealed word, and certainly not on a compromised political document from the 18th century.

Get the BEL Hermeneutics seminar

* Today's Resource: Hermeneutics: Tools for Studying the Bible. Learn how to use tools of interpretation as you study the Bible. And as importantly, Bob will discuss the principles involved for prioritizing these hermeneutics and how to decide which tool to use in which instance. So you can join Bob's Hermeneutics Seminar via CD and it's almost like you are there. Just click on the CD image label (or here) to enjoy our Bible seminar including the same notes handed out to the attendees and see the slides Bob displayed during this great event at Denver's historic Brown Palace. So you're invited to try out Bob Enyart's Hermeneutics teaching just by clicking or by calling the BEL studio at 1-800-8Enyart (836-9278)!

* Also Mentioned: Hear also Tuesday's conclusion of this two-part series on What is Money? Also, here's a link for Uncle Bob's mention of his interview from ten years ago with Jim Cramer of CNBC's Mad Money.