You don’t have to be an Ivy League economist to see that the financial climate in Americas is less than healthy. “Shambles” or “collapsing” would probably provide a more accurate picture. So what exactly is the problem with the economy? Where did the U.S. and its leaders get off track and what is the solution?
Chad Hovind addresses the economy and solutions in his book, Godonomics. The central economic principles that Hovind presents as Godonomics are property rights, incentive, and personal freedom. When each of these is defended and protected, the result is a people that enjoy liberty, prosperity, and generosity. Hovind shows that the greater the freedom, the greater the wealth. He also shows that the greater the government, the greater the poverty (the direction American is moving).
Godonomics provides insight into work, profit, spending and budgeting, money supply, and greed. Hovind closes his book with 7 Financial Directions that can be counted on to turn things around and help prevent financial disaster, as a country and as individuals and families.
Here are the Directions:
- Produce More
- Spend Less
- Build up an emergency fund
- Reverse the snowballing of debt
- Don’t lose sight of savings and investment
- Remember that trajectory is everything.
- Teach children to be producers.
I thought Hovind’s approach to teaching about finances was helpful and different to most approaches I have read. Unlike material such as Crown Financial Ministries and Dave Ramsey, Hovind explains the history and present approaches to the economy that have led to the current economic crisis. He exposes the picture of big government and why it doesn’t work. He uses the economic biblical principles to make his case, thus calling his principles Godonomics. If you want to learn about how the government approaches finances and the economy and how it contrasts to what God says, then this will be a good book for you to read. I think we should send a copy of this book to our senators and representatives for them to read and learn.
I received this book in exchange for a review from Bloggingforbooks.org