Could this currency pumping maneuver create a new slave class which are default socialists who lose any taste for economic liberty and intellectual freedom?
US Virus Response Recalls Joseph Of Egypt's Policies
As the dread outbreak of the coronavirus blossoms into radical crisis, it may well be recorded as America's all time Plague of Plagues. But this pandemic also stymies President Trump’s previous slam-dunk economic argument. In theory, this collapse could achieve what an army of enemies failed to do. That is, portray Trump as a ham-handed tyrant caught flat footed by an emergency and utterly discredited. But don’t count Donald “Houdini” Trump out quite yet.
Another inevitable outcome lurks beneath America like the Titanic’s famed iceberg, but even more menacing. Consider this health crisis/ economic disaster is already being used to radically change American society, government rule, and economic principles. So, will this create in us a semi-socialist state? How can the US possibly avoid this outcome where the government has already come in so powerfully to try and arrest all decay during an economic downturn?
Joseph Saves Egypt & Produces A Slave Class
The question: What will the American government receive in trade for the massive stimulus invested in America’s vast business sector? We know certain essential industries must become partners with the Federal Government, based on necessity -- Airlines, real property industry, etc. But what about all the other business sectors which will collapse without intervention? Certainly, the Feds will demand some stake in the business. Of course the extent depends upon the length of the shutdowns and amount of investment.
Here is a very difficult question -- Is Trump making the best choice available? Or is he getting played by the left by reducing the US in one-fell-swoop into another socialist state? Maybe he is falling for the old socialist trade of security for liberty by the, ‘let no crisis go to waste’ party?!!
Joseph Saves Egypt & Produces A Slave Class
America currently straddles a gaping chasm which could destroy us. The precursor is from the biblical tale of Joseph (Genesis 37-50).
Through wise statecraft, and divine direction in responding to Pharaoh's dreams, Joseph hoarded massive amounts of grain then used during an upcoming famine. Yet this ironically also enslaved the land. See Genesis 41:1-5
Pharaoh dreamed: He was standing by the Nile, 2 when out of the river there came up seven cows, sleek and fat, and they grazed among the reeds. 3 After them, seven other cows, ugly and gaunt, came up out of the Nile and stood beside those on the riverbank. 4 And the cows that were ugly and gaunt ate up the seven sleek, fat cows. Then Pharaoh woke up. 5
Egyptians survived after trading money, animals, land and then themselves for food
Asked by Pharaoh if he could interpret his dreams, Joseph--who had been sitting in jail--stated the fat cows represented 7 years of bounty, while the skinny cows represented 7 of famine. (See Genesis 41:25-27.)
After this, Pharaoh immediately named Joseph second in command, with all public policy at his discretion. Joseph immediately ruled the coming plenty should be gathered and stored. And so this entire prophecy came true, and the country became destitute--but Egyptians survived after trading money, animals, land and then themselves for food. See Genesis 47:18-21:
18 When that year was over, they came to him the following year and said, “We cannot hide from our lord the fact that since our money is gone and our livestock belongs to you, there is nothing left for our lord except our bodies and our land. 19 Why should we perish before your eyes—we and our land as well? Buy us and our land in exchange for food, and we with our land will be in bondage to Pharaoh. Give us seed so that we may live and not die, and that the land may not become desolate.” 20 So Joseph bought all the land in Egypt for Pharaoh. The Egyptians, one and all, sold their fields, because the famine was too severe for them. The land became Pharaoh’s, 21 and Joseph reduced the people to servitude,[c] from one end of Egypt to the other.
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Currency Pumping Bailout Analysis
Joseph’s story resembles our dilemma of disease and economic collapse and government rescue.
Joseph had a divine mandate which saved the Egyptians. Yet, this also protected his own family, which God then employed to save the Messiah’s family line. But, ironically this then destroyed any independence or freedom of the Egyptians. And did this aid Israel’s quest for independence?
Question: Does this cash giveaway cure the corona collapse? Isn't the government pumping fake currency and donating it bound to devalue the currency’s value, bloat the money supply and cause inevitable inflation? We know hyperinflation is caused by hyper-currency printing.
But the coronavirus shock achieved one beautiful thing: exposed the toxic illusion socialism is possible. Responding to economic freefall, the US is incapable of quickly figuring out how to assess each party’s needs, to block graft, and quickly deliver economic aid. And if the US, with the world’s largest and most efficient government bureaucracy cannot achieve this, what other country in history could?
Finally, America has the fundamental soundness to grow, adapt and even recover from disasters--but a bigger dilemma looms: Could this currency pumping maneuver create a new slave class which are default socialists who lose any taste for economic liberty and intellectual freedom?
Kelly O’Connell is an author and attorney. He was born on the West Coast, raised in Las Vegas, and matriculated from the University of Oregon. After laboring for the Reformed Church in Galway, Ireland, he returned to America and attended law school in Virginia, where he earned a JD and a Master’s degree in Government. He spent a stint working as a researcher and writer of academic articles at a Miami law school, focusing on ancient law and society. He has also been employed as a university Speech & Debate professor. He then returned West and worked as an assistant district attorney. Kelly is now is a private practitioner with a small law practice in New Mexico.
As the dread outbreak of the coronavirus blossoms into radical crisis, it may well be recorded as America's all time Plague of Plagues. But this pandemic also stymies President Trump’s previous slam-dunk economic argument. In theory, this collapse could achieve what an army of enemies failed to do. That is, portray Trump as a ham-handed tyrant caught flat footed by an emergency and utterly discredited. But don’t count Donald “Houdini” Trump out quite yet.
Another inevitable outcome lurks beneath America like the Titanic’s famed iceberg, but even more menacing. Consider this health crisis/ economic disaster is already being used to radically change American society, government rule, and economic principles. So, will this create in us a semi-socialist state? How can the US possibly avoid this outcome where the government has already come in so powerfully to try and arrest all decay during an economic downturn?
