Theological Science* Reveals Theological Inconsistences in Our Thoughts About Monotheism, VIIIf (Economics)

In the USA, the growth economy and the stable economy have very different followers. Below, I show that, in the USA, a growth economy has been supported by ‘spiritual leaders’ and that a stable economy has always been supported mostly by proponents of ‘central banking systems.

One spiritual leader was Alexander Hamilton, a member of the Continental Congress. He argued for a strong central government. He concluded that the Articles of Confederation would lead to disunion. His arguments thus led to the U.S. Constitution, which authorizes Congress to coin money and requires government to form a more perfect Union.

With the Constitution, national banks emerged. The first (1791–1811) and second (1816–36) national banks stabilized the national money by competing with the private banks to ensure that private banks redeemed their banknotes at full value. This banking competition also led to the system of manufacture involving production of many identical parts and their assembly into finished products. This system became known as the American system of economics. This system was promoted by Henry Clay and Henry Carey, an economic consultant to Abe Lincoln. The American System achieved its maturity in the USA because it reduces prices and can thus serve growing populations equally.

However, man has not learned how to manage a growing population because the prices of things must be reduced by the continuous development of new technologies. Without the continuous development of new technologies, population growths are being solved today with wars, diseases, slavery, etc.

Giving rights to the States will not create growing economies or solve the population growth at the State level. So, President Jackson acted wrongly to close the second national bank. This closing led to a chaotic banking period at the State level. Financing the Civil War by Abe Lincoln demonstrated the need for a national bank. The National Bank Act of 1863 became a law. This system of national banks circulated and stabilized the national currency. And to form a more perfect Union of people, Lincoln industrialized the South and developed the West with his homesteading program. These initiatives might have led to his assassination. Soon, the ‘big families’ emerged and began to divide the Union into rich and poor classes. By 1913 the Federal Reserve System had replaced Lincoln’s growth economy with the stabilized economy.

But the stabilized economy did not correct the 1929 depression as Herbert Hoover expected. President Roosevelt had to make this correction with a ‘trickle-up’ government debt. Then, in the 1960s, President Kennedy tried to change the U.S. economy to a growth economy with a high technology trickle-up government debt that would land man on the moon. He was also assassinated. President Nixon followed Kennedy’s program with a huge program of social initiatives that would have unified the people greatly. His great program, which I saw as a representative of the U.S. Department of Justice, died with his resignation.

Later, economic improvements were tried with ‘trickle-down’ government debts. This money flowed through the rich classes by President Reagan and Presidents ( Father/Son) Bush. But this debt brought no results. A Roosevelt trickle-up government debt was used by President Clinton and reduced the government debt to zero. I believe that President Elect Obama will use another Roosevelt trickle-up government debt to correct the late 2008 depression and bank bailouts. I also expect Obama to push for many new technologies.

Unless man develops a growing economy based on money, self knowledge, and monotheism, I believe that wars will continue to grow and will also change to other nasty forms of war. World peace must develop now and before these wars do great damages to human life on this planet.

* Theological science unifies scientific thoughts with people’s thoughts about God.