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GOVT 200
For this assignment, you will write a 23-page paper (double-spaced, 1-inch margins) providing
at least 1 example of how government has overstepped biblical principles in some form of
economic policy. Be sure to adhere to the format specified in the Course Style Guidelines
Options include the following topics:
A specific piece of legislation relating to business regulation or taxation.
The “party platform” of either the Republican Party or the Democratic Party (or both).
The role of the Federal Reserve.
The budget process.
In discussing one of these topics, incorporate clear references from the Learn material in the
assigned Module: Week.
Follow the below instructions to compose your assignment:
Length of assignment 2-3 pages.
Make sure to include a bibliography page
Format of assignment Course Style Guidelines
At least 2 sources
Acceptable sources - Scholarly articles published within the last five years, the Bible,
online articles given as assignments, and any other pertinent source that helps the student
answer the assignment prompt.
Note: You may submit your assignment to the Economics Analysis: Draft Submission
Assignment to check your paper for plagiarism. Your assignment will be checked for originality
via the Turnitin plagiarism tool. After reviewing your Turnitin results, make any edits necessary
and submit your Economics Analysis: Final Submission Assignment.
Economic Analysis
Student Name
Professor Name
Institute Name
Course Name
"An Example of how Government has Overstepped Biblical Principles in some
form of Economic Policy"
Today the world is known as a global village or corporate world. There are a
number of fallacies that are seen to have an impact on economic activities or are
inverted to be economic orthodox. Unfortunately, the government has also forgotten
or overstepped some biblical principles to develop a new economic policy that
benefits economic conditions. The Bible is a book that includes a lot of information,
and it is considered the significant successor for the development of our society or
world. Christian people follow Bible teachings and the Bible principles that provide a
meaning of living a life. God sends bible principles as a message on how to live a
successful or prosperous life or live life purposefully (Hunt, 2016). Specifically, for
Christians, the path to advance maturity in their faith is found in the Bible principles.
Therefore, these people regularly read the Bible's teachings and apply them in their
God has conveyed Bible principles so that these principles are integrated into
the fabric of nature or humankind. These principles are considered by people who
associate them in their lives and understand them as God's way of living a life.
Governments run countries, and governments across the world use biblical principles
and values as it is evident that there is no single business organization, ruling body,
and business environment whose economic policies are safe from the doctrines. The
US government has overstepped the biblical principles while developing economic
policies for the country. They thought that it was necessary to implement some
economic policies to go across or forget some biblical principles. These biblical
principles can act as a hurdle in implementing economic policies. Regarding the
Federal Reserve, there is a very important example of how the government has
overstepped biblical principles for a successful implementation of economic policy
(Livingstone, 2018).
The US government formulated the federal Reserve in 1913. The primary aim
of the Federal Reserve was to regulate the US economy. Federal Reserve works to
denote the government's bank; thus, it has a significant role in the US economy. It
plays a crucial role in controlling the financial institutions working in the US
(Livingston, 2018). It is known as the debt-based money creator, and it denies all
levels of government the ability to generate money. The US government borrow all
money from Federal Reserve to fulfill all the expenses. The monetary interest is
applied whenever the government borrows money from Federal Reserve. These
interest rates are under the control of the Fed, and it helps to identify the debt amount
(Hunt, 2016).
Every time the government borrows from Federal Reserve, it seems to compel
an endless debt cycle. It shows that economic policy oversteps the biblical principles
because God has conveyed in His message that the world can run better without
interests. God, in biblical principles, has stated that the world can function better in a
debt-free world. He has not considered debt as a sin, but He has discouraged the act of
taking a debt. God tends to point out that if we drown ourselves in debt, it makes us
slaves to the people who lend us the debt money. In this way, we tend to lose our
freedom and become slaves of our lenders. (Deuteronomy 15:12-18, n.d, English
Standard Version). In this way, setting up debt makes the people servants of currency
suppliers, which is the Federal Reserve. However, the people should only serve God
and no one else.
In addition to that, the Federal Reserve enjoys power and influence in the US.
It has a great influence on the US economy. Federal Reserve not only sets the