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As a society we must see God's judgement on unsound political economics in the current financial crisis. An Introduction to Christian Economics presents the Biblical case for the free market and private property. To enjoy societal liberty, justice and prosperity we must repent and return to each man being responsible under God. Unfortunately the book is out of print, but you can download it for FREE from ASH...

  
Most Christian economic theories are a kind of baptised Marxian theory. Wherein the State (Government) controls or even owns the mode of production. The State determines your employment opportunities and costs; through tariffs, licences, minimum wages, graduated taxes and other arbitrary pieces of prohibitive legislation. In other words, under any form of Communistic government (sophisticated Socialism through to Fascism) the State seeks to become your father who art in Canberra (or wherever).

The Bible speaks of limited government authority, private property, money backed by substance (e.g. by gold or silver) and only loan out what you have. The Bible is NOT silent on economics. The eighth commandment formed the basis for private property. Isaiah 1:22: "Your silver has become dross, your drink diluted with water" is an example of God's covenantal lawsuit brought against unfaithful Judah for mixing their silver money with tin (i.e. dross). By doing so, the people were being robbed through inflation (i.e. diluting the money so that more silver was available to mint more coins). Yes, the passage speaks of spiritual dross, but the "earthly" example used must be valid for the spiritual application to be valid. This example reveals the classic definition of inflation; "the increase of the money supply."

  
Let me spell it out; over the last 30 years (1978-2008) the monetary supply in Australia has increased by over 2,000%. Yes, re-read that a few times over 2,000%. Now, a basic economic principle is the law of demand and supply. When more (goods/services) is supplied the price for each unit decreases. Money is simply a means of exchanging goods and services. When there is more money (i.e. notes and coins) in circulation the value of each money unit (i.e. dollar) is worth less. The result is increased prices! Note, price increases are the result of inflation not the cause.
 

Published in : Worldviews, Economics

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