Save and lend - don't borrow and spend

Economics 101 is given in the Old Testament Book of Deuteronomy. The same One who created the heavens and the earth gave these economic principles in the only book that we have that He authored. He gave instructions for national economics and for individual economics.

Deuteronomy 15:6 tells us His people, as a nation, should lend to many nations, but borrow from no one. This obviously would have to come from their surplus in the treasury.

Principles are also given for the individual's economics. If we lend to our relatives and others in need, we are not to lend with usury. Usury is generally interpreted as charging interest or excessive interest. Somewhere along the way a middle entity or middle man generally went by the name of a bank. Later on loan companies and then credit card companies came on the scene. The individuals loaned to the banks and the banks to individuals. The lender or depositor usually received two or three percentage points less than the borrower paid for the loan.

Bible Economics 101 also encouraged God's people to give to the poor. In the Psalms and Proverbs we read that he who gives to the poor is lending to the Lord and He will repay the giver. The unemployed and disabled sometimes become hungry or homeless or both. We may given directly or through organizations such as The Salvation Army, Union Gospel Mission or other organizations.

We need food, clothing, basic housing, basic transportation, medical care and a few other basics. Our role models might be our Lord, the Apostles Paul, Peter, John and others. It is better to save and lend than to borrow and spend. It is more fun and brings more joy.

For the 2010 Club, Nov. 21 takes us to Ezekiel 26 and James 3.

Have a good, fun and joyful week.

Crist Langelett, known to North St. Paul and Maplewood readers as a longtime Review columnist, is a chaplain for the North St. Paul city, police and fire departments, a chaplain at Washington County Jail, a past president of the North St. Paul Area Emergency Food Shelf and one of the founders of North St. Paul's Polar Arena. He is active in his local church and in civic groups.