Thursday, October 25, 2012

The Economic Policy of the Divine Economy Theory

Are you tired of all of the nonsense?

Here is a clear and concise list of economic policies that will transform all of the societies of our precious and unique world civilization (nowhere else in the universe is there such a creation) into places that are diverse, peaceful and prosperous.

Policy #1.  Well Defined and Continually Refined Property Rights

            Policy Statement: A rational and just policy would be to develop laws that specifically define, refine, and protect property rights in terms such that they are treated and considered as basic human rights.

Policy #2.  The Right of Secession

            Policy Statement: A rational policy would be to develop law in such a way that a jurisdiction would not have to accept any intervention that a larger jurisdiction tried to impose upon its economy.

Policy #3.  Market Forces Will Moderate Business Sizes

            Policy Statement: A rational and just policy would be to remove the institutionalized barriers that prevent property rights from being protected, and to remove the special privileges that artificially protect any entity from the equilibrating forces of the divine economy.

Policy #4.  Enforcement of Property Rights

            Policy Statement: A rational policy would be to initially begin enforcing property rights at the level of the individual, and then to learn how best to refine property rights from these efforts. Each community has this right and responsibility. The role of government is simply to protect its citizens from fraud or acts of violence by enforcing property rights.

Policy #5.  Education About Entrepreneurship

            Policy Statement: A rational policy would be to encourage all providers of education to acknowledge the role of entrepreneurship in advancing prosperity and to teach any and all skills that help to make people discerning and alert.

Policy #6.  War and Inflation Violate Property Rights

            Policy Statement: War and its exorbitant costs and its destruction, and inflation of the money supply by the central bank, are unacceptable violations of property rights and those who try to impose either of these should be held accountable by legal means. Authority to take these actions needs to be specifically assigned so that there is specific and definite accountability.

The legal liability for such acts needs to take precedence over the act itself. The government-created veils of self-protection and inculpability need to be removed so that property rights can be protected.

Policy #7.  Gold Passes the Market Test

            Policy Statement: Clear the banking system of all of its barriers and restrictions — these are acts of intervention designed to control the economy and direct wealth towards the favored ones of the ego-driven interventionists — and let the market process determine if the current system is a viable one or not. Legal tender laws are unnecessary in a divine economy where the medium of exchange is universally recognized simply because of its independence from monetary intervention along with its other merits.

Policy #8.  Counteract the Misinformation About Capital

            Policy Statement: Encourage providers of education to recognize that every improvement an individual makes — their education, for example — is a form of capital. Then instead of spreading negative impressions about capital the education system will compliment itself for being a contributor to capital formation around the world and will empower the next generation with knowledge about this factor — capital. This is a significant contribution to an ever-advancing civilization since capital is the most limiting factor in the economy.

Policy #9.  New Capital is a Good Start

            Policy Statement: Recognize that having secure property rights leads to savings and then to new capital which then begins the advancement towards prosperity.

Policy #10.  International Free Trade

            Policy Statement: All trade barriers interfere with the divine economy and cause unnecessary suffering. ‘Free trade’ agreements are really acts of intervention and therefore are a misnomer. Free trade, in reality, is action not words and it will occur automatically if the ego-driven interventionists are removed from the picture.

Policy #11.  Minimal Taxation

Policy Statement: Since under most circumstances taxation is a deterrent to private production and employment there is no sound economic reason to generate tax revenue to support a government beyond its purpose. The purpose of government is to protect life and liberty.

The Overarching Policy – The Moral Authority of the Divine Economy

            To quote Ludwig von Mises: ‘The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.’[16]

I would like to modify his recommendation slightly. First, we can rest assured that the prosperity of an ever-advancing civilization emanates from the divine economy. Second, we can trust in the equilibrating power of the divine economy. Third, we can trust in the divine justice that comes from protecting property rights and that comes from recognizing that property rights are human rights.

            Those who fail to admit their own limitations and then expect others to believe their assertions that they can comprehend all that is going on in the economy — thereby giving them the right to interfere — these are the ones who are now without authority. It matters not what position of influence one holds or what degree one has or what record of publication one has. There is no human act of intervention in the economy that is not feeble-minded when compared with the omnipotent and omnipresent nature of God.

All interference with the economy is necessarily ego-driven; and it lacks moral authority. The economy is a divine institution in the domain of human action and all human action emanates from the human operating system, which is divine — created in the image of God.

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1 comment:

Tom Christoffel said...

Competition and peace are antithetical unless competitors agree to self-regulate and establish rules and an independent body to enforce the rules. This is also known as governance and government is established by the people for this purpose. When might was right, there may have been silent assent for a strong, relatively fair leader. Today that person would be a warlord. If that person is divinely inspired, they might have the wisdom necessary to keep loyalty, however succession is difficult when leadership is personality based. That is why we evolved to have a system of selecting our leaders, though many have learned to game that system - say one thing and do another. Not too much divinity here.