Tuesday, November 13, 2018

The Economic Foundation of an Empire

In Life After Google, George Gilder makes the argument that Isaac Newton laid the economic foundation of the British Empire by establishing that gold was an irreversible element. Newton's was an accomplishment in information theory, specifically “the information theory of money.”

Having previously been one to dabble in alchemy, trying to make gold from lead and mercury, “The failure of his alchemy gave him—and the world—precious knowledge that no rival state or private bank, wielding whatever philosopher's stone, would succeed in making a better money.”

The result was, “The little island of Britain governed an empire larger and incomparably richer than Rome's.” Newton was appointed to the Royal Mint in 1696, and the value of the British pound was pegged to the value of gold. The gold standard came into effect.

The story of gold goes back to the Garden of Eden. When God created the world, even before the fall of man, the Creation account specifically mentions gold: “Now a river went out of Eden to water the garden, and from there it parted and became four riverheads. The name of the first is Pishon; it is the one which skirts the whole land of Havilah, where there is gold. And the gold of that land is good. Bdellium and the onyx stone are there. The name of the second river is Gihon; it is the one which goes around the whole land of Cush. The name of the third river is Hiddekel; it is the one which goes toward the east of Assyria. The fourth river is the Euphrates” (Genesis 2:10-14).

One day, for those who know Jesus, we may have gold tools in a gold city with gold streets. “Now the wall of the city had twelve foundations, and on them were the names of the twelve apostles of the Lamb. And he who talked with me had a gold reed to measure the city, its gates, and its wall. The city is laid out as a square; its length is as great as its breadth. And he measured the city with the reed: twelve thousand furlongs. Its length, breadth, and height are equal. Then he measured its wall: one hundred and forty-four cubits, according to the measure of a man, that is, of an angel. The construction of its wall was of jasper; and the city was pure gold, like clear glass. The foundations of the wall of the city were adorned with all kinds of precious stones: the first foundation was jasper, the second sapphire, the third chalcedony, the fourth emerald, the fifth sardonyx, the sixth sardius, the seventh chrysolite, the eighth beryl, the ninth topaz, the tenth chrysoprase, the eleventh jacinth, and the twelfth amethyst. The twelve gates were twelve pearls: each individual gate was of one pearl. And the street of the city was pure gold, like transparent glass” (Revelation 21:14-21).

Man takes something valuable and uses it to determine value and exercise power. God takes something beautiful and valuable and blesses us in abundance with it. Don't put your trust in money. Put your trust in God. The return is infinitely better.

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