Kingdom Economics: Greater Things Are Coming for God’s Children

by | Mar 22, 2022 | Revival

U.S. inflation is the highest in 40 years. February inflation for producers is 10% per year, while consumer inflation is 7.9%.

Sustained higher general price increases are vicious. Inflation acts like a tax on the poor and middle class while the rich are often able to mitigate its impacts. People with fixed incomes, such as the poor and elderly, are particularly vulnerable.

Inflation could also be dangerous for an economy. Expectations can cause a cycle of ever-increasing inflation. If prices are expected to be higher tomorrow, consumers will buy today, which pushes today’s prices higher, causing higher price expectations for tomorrow. The cycle continues until inflationary expectations are broken. Left uncontrolled inflation can destroy economies. In 1990, inflation in Zimbabwe reached 557% per year.

To reduce inflation, the Federal Reserve must reduce the money supply. It has indicated that it will increase interest rates (via the federal funds rate) and reduce its balance sheet. Unfortunately, any reduction in the money supply will also slow the economy.

At the last meeting, the Fed raised the federal funds rate by 0.25%. The Fed projects that the federal funds rate will be 1.9% and the personal consumption expenditure (PCE) inflation rate 4.3% by the end of the year. They also announced that they will begin reducing their nearly $9 trillion balance sheet in future meetings.

Many argue that the Federal Reserve is too timid in fighting inflation. According to Dr. Larry Summers, the central bank begins to break inflationary expectations when the federal funds rate is about 5% above inflation. Using this rationale, the current rate should be 9.3%. When fighting 1980s inflation, the federal funds rate hit 20%.

A dovish attitude in fighting inflation increases the odds of a hard landing. Specifically, that higher inflation and/or catch-up actions by the central bank will cause a recession. Based on current conditions, I expect greater inflation and a stagnant economy, aka stagflation.

But members of the kingdom are different. The Lord didn’t promise us that we can avoid life’s problems, but He did promise that we can overcome. He promised us peace in times of fear and anxiety, hope in times of despair, protection in times of danger and abundance in times of scarcity.

The enemy has been active. Inflation steals purchasing power as our dollar buys less and less. War, crime and disease cut lives short. Many of today’s leaders attempt to destroy our freedoms, liberties and Judeo-Christian traditions. But thanks be to God, Jesus came to give us an abundant life. He is active today as our Good Shepherd to patiently lead, guide and protect us through these troubling times to victory.

“The thief comes only to steal and kill and destroy; I came so that they would have life and have it abundantly. I am the good shepherd” (John 10:10-11a, NASB 2020).

The enemy attempts to convince us that more calamity, despair, anxiety and death are coming. But we know differently. We are sons and daughters of God. We overcome because He who is in us is greater than he who is in the world. We know the Lord’s voice, and we follow Him.

“You are from God, little children, and have overcome them; because greater is He who is in you than he who is in the world. They are from the world; therefore, they speak as from the world, and the world listens to them. We are from God” (1 John 4:4-6, NASB 2020).

The enemy also attempts to convince us that we are outnumbered. Media usually highlight the worst of humanity. Many people that you will never see on the news are caring, loving and compassionate. Many are strong believers full of faith.

“And he said, ‘Do not be afraid, for those who are with us are greater than those who are with them'” (2 Kings 6:16, NASB 2020).

As victorious citizens of the kingdom of God, greater is coming. Greater righteousness, peace, joy, abundance, love, commitment, fruit, anointing and power. Greater is coming because our God is greater. Let us use this time to glorify our Father, to bless others and expand the kingdom. {eoa}

Dr. James Russell is a professor of economics at Oral Roberts University.

Read articles like this one and other Spirit-led content in our new platform, CHARISMA PLUS.

CHARISMA NEWSLETTERS

Stay up-to-date with current issues, Christian teachings, entertainment news, videos & more.

The latest breaking Christian news you need to know about as soon as it happens.

Prophetic messages from respected leaders & news of how God is moving throughout the world. 


MORE FROM CHARISMA

Why Love Shouldn’t Upset Your Health Journey

Why Love Shouldn’t Upset Your Health Journey

What should we do when our loving husband brings us our favorite candy and we have committed to not eating sugar? As a Christian weight loss coach, I’ve heard from many wives who are afraid of hurting his feelings if she tells him she doesn’t want that any more. She’s...

What’s the Answer to Raging Political Violence in the Nations?

What’s the Answer to Raging Political Violence in the Nations?

Read Time: 1 Minute, 21 Seconds I’ve had several prophetic words on political violence come to me in recent months. I can’t shake it, especially after seeing the vice president of Argentina narrowly escape an assassination because the would-be-murderer’s gun jammed....

Prophecy: The Lord is Releasing Prophetic Destinies

Prophecy: The Lord is Releasing Prophetic Destinies

Read Time: 1 Minute, 44 Seconds The world is shifting and we are entering a critical time in history, one that can be concerning for some and exciting for others. We are seeing the very prophecy of the Bible laid out and manifesting before us. The harvest is coming!...

David Jeremiah: The Significance of a Small Sacrifice

David Jeremiah: The Significance of a Small Sacrifice

Read Time: 4 Minutes, 28 Seconds Did you hear about the boy who took off his favorite bow tie during the church service and put it in the offering plate? When his dad asked him why he had done such a thing, the youngster replied, “Don’t you know? The pastor tells us...

Kingdom Economics: Choosing a Better Way—God’s Way

Kingdom Economics: Choosing a Better Way—God’s Way

The Bureau of Economic Analysis (BEA) released its third and final estimate of second quarter GDP (Gross Domestic Product) and its PCE (Personal Consumption Expenditure Price Index). Since core (less food and energy) PCE is one of the Fed’s preferred measures of...

RECENT ARTICLES

Orthodox Jew: The Miraculous Return of the Red Heifer to Israel

Read Time: 4 Minutes, 4 Seconds American Airlines flight 146 touched down at Israel’s Ben Gurion airport on time, arriving from New York’s JFK airport as one of the dozens of flights that arrive in...
Brother Andrew Was My Hero

Brother Andrew Was My Hero

When Andrew van der Bijl was a young man, doctors told him he was “too weak to travel” because of his chronic back pain. That advice seems absurd now, when we look back on the life of this legendary evangelist who came to be known as “Brother Andrew.” After he started...

Elvis Presley’s Charismatic Faith on Display in New Book

Elvis Presley’s Charismatic Faith on Display in New Book

A new book called “The Faith of Elvis Presley” explores the spiritual side of the iconic “Heartbreak Hotel” singer, asserting that Elvis was a devout Christian who prayed for the infilling of the Holy Spirit on a regular basis. The author, Billy Stanley, whose mother...

Pin It on Pinterest