Deuteronomy 15.1-6

“At the end of every seven years you shall grant a release. And this is the manner of the release: every creditor shall release what he has lent to his neighbor. He shall not exact it of his neighbor, his brother, because the LORD’s release has been proclaimed. Of a foreigner you may exact it, but whatever of yours is with your brother your hand shall release. But there will be no poor among you; for the LORD will bless you in the land that the LORD your God is giving you for an inheritance to possess – if only you will strictly obey the voice of the LORD your God, being careful to do all this commandment that I command you today. For the LORD your God will bless you, as he promised you, and you shall lend to many nations, but you shall not borrow, and you shall rule over many nations, but they shall not rule over you.”

The economy God designed for Israel was an economy of love for God and neighbors. Self-love would be moderated so that neighbor-love could abound.

We can extend this “economics of love” even to our nation’s relationship with other nations, as God clearly intended the people of Israel to do.

We can conclude from this text that the blessing of God does not rest on that nation which is deeply in debt to other nations. God promised to enrich His people, but He did not want them to become dependent on other nations. That way lies oppression. America’s national debt, trade deficits, and debt to nations such as China should suffice to show us the wisdom of God’s warning here.

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