As I’ve said before, the Old Testament would read a lot differently if Joseph, having been summoned from prison by a Pharaoh who was troubled by dreams, had acted like today’s politicians in Washington.
That is, if he had said what Egypt needed to do was to eat all its food during times of plenty and borrow money for even more of it. Then, when a famine or, heaven forbid, pandemic, comes along, the nation could just go on borrowing more to help the people because, you see, interest rates are low and, well, studies have shown that over time economic growth will outpace the cost of interest, anyway.
That is, if he had said what Egypt needed to do was to eat all its food during times of plenty and borrow money for even more of it. Then, when a famine or, heaven forbid, pandemic, comes along, the nation could just go on borrowing more to help the people because, you see, interest rates are low and, well, studies have shown that over time economic growth will outpace the cost of interest, anyway.
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