Axiom: The Government that governs best, governs least.
Corollary: An absence of law most often results in the presence of chaos.
A false balance is abomination to the LORD: but a just weight is his delight. (Proverbs 11:1, KJV)
Taking into consideration the recent “Perfect Storm” of fear, distress, and simply put, very bad economic planning (or extremely wicked, deliberately planned devastation to our economy, choose your poison), one can clearly see that some things were (and still are) completely out of balance.
And, as another Bible verse states:
“When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn.” (Proverbs 29:2 , KJV).
And groan we shall, for wicked men - supposedly “conservatives” have been at rule, through our collective electoral apathy: with the Federal Reserve Bank (money suppliers) and the Treasury (money printers) conspire along with our politicians (mostly the Democrats) to allow, or even force banks to extend credit to people very well ill-suited and ill-prepared to handle it - the system falls apart when the Piper comes to collect his due.
That Piper, is accompanied by twin goons known by the names “Inflation” and “Unsustainable Consumer Debt” who also must collect their skim of the taxpayer’s earnings - for we are become surety for strangers (breaking yet another Biblical principle) by our (as in We, the People) malfeasance in holding Congress to a short account.
The break in responsibility and accountability becomes quite tenuous after Congress, for they do not have direct control over the doings of the Federal Reserve (hereinafter, the “Fed”), which is in actuality a private corporation. Much like Federal Express is also a non-governmental entity.
This is a direct result of the de-regulation of the banking system during the Reagan years, and while this would be something that would ordinarily be greeted with great big open arms by conservatives, this has turned into a tragedy.
Government is constituted primarily to provide services that one man or a group of men cannot ordinarily provide for themselves on a larger scale in the community interest. There are police who (are supposed to) protect the public peace; firemen who prevent and put out fires; post offices which ensure that letters make it from point A to point B; the military to repel invasions and suppress unlawful* insurrections; and interstate commerce regulation to insure that the transit of goods between states is not inhibited… and so on, and so forth.
Conservatives do believe that a government should be limited to a specific public mandate, that it should be held to a short and frequent accounting, and that the scope of its power be quickly reigned in and prevented from creeping beyond that public mandate which called it to duty. Each and every time a new power is sought, or some expansion of taxation, or some other mission sought, the public should look upon it with extreme suspicion and seek to impede such expansion, unless the costs and inconvenience to the public be demonstrably be such that the result of not impeding the expansion of governmental powers be gravely injurious to the public good: and that or those new powers should be limited to a time only necessary to resolve the problem at hand, unless it is clear that such an external threat of injury to the Republic is not likely to be undone or removed.
Herein is our dilemma: should we get past this current economic crisis - one very much of our own doing, whether by ignorance, or by greed, or by unwillingness to hold ourselves and our government to such an account… will we have the courage to admit that at least in the arena of banking deregulation, that we were wrong?
This is not to say that we should embrace the “liberal” view that all government interference is good or even desirable; an overabundance of regulation would only serve to squelch growth, and given the liberal’s love of taxation and “wealth redistribution” (which, in the socialist code they like to deal in, means taking from me and you, the middle class, and using it to furtively pad their own bank accounts: at least the GOP is pretty up front and open with its avarice)
Rather, that we should look to God’s Word which proves that a just balance is indeed delightful, and that by allowing banks and traders to run riot with the economy and prey upon the imprudent with impiety and utter avarice, that they may become the dog of Aesop’s fable that threw itself into the river to get the second illusory bone, only to come up a drowned dog.
Instead, prudent and conservative regulation to set up a fence on that bridge, and a short leash on traders, investment banks, and mortgage bundlers is in order to restore the just balance.
But for that to happen, we will need to elect righteous men, conservative men - men who obey the principles in God’s Word - men like Dr. Chuck Baldwin of the Constitution Party to public office.