In this episode we see that the benefits of the New Covenant are the benefits of the covenant of grace. There are some who see a strong discontinuity between the promises made to Abraham and the new covenant promised Jeremiah 31. There are reasons, however, why this is not the best way to understand Jeremiah 31:31–34. As we have already seen in this series, each of these benefits was already promised under the covenant of grace to Abraham. The Lord himself characterized his covenant with Abraham as featuring just these benefits. Further, the New Testament interprets Jeremiah 31 and the Abrahamic covenant as being substantially identical.
Here are the episodes in this series.
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