How Can We Avoid Economic Depression? Answer: Build Wealth

The concept of wealth is many things to many people. If you doubt me, just browse a few dictionary definitions of the word. So it is I suggest this simple idea: to be wealthy is to possess more than what you want or need of whatever it is that you highly value.

We probably agree that the first antonym to wealth that comes to mind is poverty. As such, to be poor is to have significantly less of what you want or need of whatever it is that you highly value.

With respect to material wealth, what creates it? To us Texans, oil perhaps comes first to mind. Would the folks associated with the Texas oil patch think so? Our great state is awash in oil, but folks in the oil patch face a bleak future, short-term and long-term.

If natural resources were the true source of wealth, practically everyone on the African continent would live in mansions.

Looking back to history, England became the wealthiest nation on the face of the earth, an empire, in fact, not because of natural resources, though they were and are abundant, but due to the efficient production of goods of all kinds, including food.

In 1776, Adam Smith published his book titled The Wealth of Nations in which he made a case for free-market principles.Those nations that thereafter operated on these principles prospered mightily.

It was not unnatural for American industrialists and their investors to pursue pecuniary interests. I go so far as to say we should all pursue our own pecuniary interests. Selfishness? No. Common sense.

As the wealth of our nation expanded, government likewise enlarged itself. Lawmakers set up agencies to “protect” citizens from “greedy” industrialists. Yes, those greedy indulstrialists who brought us to the pinnacle of wealth and power such as the world never before saw.

Those agencies created to help us became ever more powerful year by year, creating Thomas-Jeffersons-Quote-on-Tyrannyinnumerable regulations that now threaten our very existence. For examples, look to the Bureau of Land Management that holds control to over half of the western states. President Nixon intend the Environmental Protection Agency to be an agency for the good of our people; instead, it has become a terroristic, militarized federal rule-making and rule-enforcement agency that now undermines wealth building within our borders. Manufacturers increasingly send jobs overseas to countries where they can more freely produce goods.

But, are federal bureaucracies a cause or an effect? I see them as an effect. By this I mean we as a nation have turned from God, forsaken divine mandates and disobey the laws of the Kingdom of God.

Must federal government be downsized by eliminating federal agencies like the EPA, DOE, BLM and the other alphabet-soup bureaucracies? Will such a move restore our prosperity? Only partly and only after we collectively do the main thing which is to repent of our sins before God.

A free-market society cannot exist apart from the Spirit of Liberty. As it is written, 

But the people’s minds were hardened, and to this day whenever the old covenant is being read, the same veil covers their minds so they cannot understand the truth. And this veil can be removed only by believing in Christ. Yes, even today when they read Moses’ writings, their hearts are covered with that veil, and they do not understand.

But whenever someone turns to the Lord, the veil is taken away. For the Lord is the Spirit, and wherever the Spirit of the Lord is, there is freedom.

Only the presence of the Holy Spirit among us can truly restore liberty by which this humility leads to richesnation prospered as no other. We will not enjoy the fruits of a free-market society without the aid and assistance of the Author of Freedom. Wherever the Spirit of the Lord is, there is freedom.

Holy Scripture is replete with the will of God expressed from the first chapter to the last of sixty-six books, written over thousands of years. Scripture says, “The Lord isn’t really being slow about his promise, as some people think. No, he is being patient for your sake. He does not want anyone to be destroyed, but wants everyone to repent.”

America faces economic hardships never before experienced by our forebears. To date, we have killed more of our own than the sum of foreign enemies; we are our own worst enemy.

Big government isn’t the cause of our problems; it is the consequence of our unbelief, our disobedience to the commandments of heaven.

Is it not the time to seek the favor of God?

John White
Rockwall, Texas

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