Augustine of Hippo
To illustrate the contrast between the eternal joy of the New Covenant, bestowed solely upon the righteous, and the fleeting benefits of the Old Covenant, often granted to the unrighteous, the prophet proclaims, ‘Your words are bold against me, says the Lord. You declare, ‘The service of God is futile, and what gain is there in observing His statutes and mourning in sackcloth before the Lord of hosts? Yet those who revere God will encourage one another, saying, ‘The Lord hears these matters, and a record of remembrance is inscribed before Him for those who honor the Lord and uphold His name’ (Malachi 3:13-16). This record refers to the New Testament.
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The Lord of hosts declares, ‘They shall be My treasured possession on the day I prepare, and I will show compassion to them, as a father has compassion for the son who serves him. Then you will again witness the distinction between the righteous and the unrighteous.... and you shall tread upon the wicked, for they shall be as dust beneath your feet on the day I prepare, says the Lord of hosts (Malachi 3:17-4:3). This signifies the day of judgment.