Not a new article, but insightful, in my opinion is the idea in this article that welfare states need to be able to dial back their benefits during hard economic times. Instead, benefits are ratcheted up in fat times but not scaled back in lean times. In fact, the we should learn from the Pharaoh's dream in the story of Joseph in the bible. Here the Pharaoh had a dream about 7 fat cows and 7 lean cows and asked Joseph to interpret these for him. Joseph said that the 7 fat cows symbolized 7 years of plenty, while the 7 lean cows represented 7 lean years that were coming. Thus, he advised the Pharaoh to store up grain during the fat years to be doled out in the lean years.
Our governments never seem to learn this lesson. We tend to spend like prosperity is going to last forever.
See also the blog Universal Christian.
No comments:
Post a Comment