Jeremiah 31:31-34, which is quoted in its entirety in Hebrews chapter 8, is the most important prophecy about the New Covenant in the Bible. From these two passages we learn the following about the covenants:
1. Failure of the Old Covenant.
2. Replacement of the Old Covenant with the New.
3. Superiority of the New Covenant:
a. Law written on hearts.
b. Personal knowledge of the Lord.
c. Forgiveness of sin.
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