Mike Winther continues his valuable teaching on economics, government, and history in section 8a of his Biblical Principles of Government course. Have you ever wondered how an economy grows? Mike begins by discussing growth, inflation, and increasing the money supply, answering these questions using his ongoing small island economy example. He also addresses incentives to invest and explains how market downturns are less severe when people have substantial savings. Additionally, we learn why a fixed economy would benefit more individuals. After covering economic topics, Mike shifts his focus to education. He explores the biblical view of whom we teach and how we teach. He also shares concepts both inside and outside the Overton window, the differences between Puritans and separatists, what parents know about teachers, and many other intriguing ideas and examples. As usual, this lecture is as relevant today as it was when it was first recorded.

You'll Learn:

[00:41] If we didn't have inflation or the money supply increased, how would the economy grow?
[00:55] Thinking the economy can't grow without inflation is a Keynesian philosophy.
[01:06] Mike goes back to the island example to illustrate his point.
[02:18] He talks about how the value of money can increase and help retirees and all of us with a motivation to save and invest.
[04:20] Education. Deuteronomy 6:4
[05:47] Who gets education? Who do we educate? How do we educate?
[07:28] Mike shares concepts outside the Overton window.
[10:04] He talks about Puritan versus separatist.
[14:35] kids learn to read and write to properly decipher the word of God.
[19:16] What do parents know about their children's teachers?
[21:43] In 1831, Tocqueville said that it's rare to find a student who hasn't had teaching about the Constitution of the United States. There also weren't government schools.
[27:06] Mike talks about the State having more authority over our children's education. The idea of switching the Overton window from private to public education.
[33:38] What we teach our kids in high school matters because it affects what they believe later on when they become adults and start deciding for themselves.
[34:38] We need to look at education and ask what the ideal should be.
[35:25] It should be an ideal that the education of our kids is Christian and private.
[38:32] When you put the word state in a school it means it's a government school.
[38:54] Why is our educational system feeling? Socialism and communism. What it teaches.
[39:38] Mike shares quotes by Martin Luther.
[40:24] AA Hodge quotes on government education.
[41:48] Strategy: Decrease public education. Increase private education. Don't fund the enemy. Vote down the school bond issues. We need to fund good ideas. Educate yourself. Educate others.

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