- Feb 14, 2021
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In our financial life, there is fiscal and monetary policy. Fiscal policy is about balancing budgets. Monetary policy is the nature of money, itself. (End The Fed by Ron Paul is an excellent and short analysis of this important topic.) In short, a corrupt money system is a hidden tax that hurts the poor the most. Such corruption has occurred throughout human history and there is a pair of verses in Scripture that haunt me regarding this fact:
Monetary policy is about justice where the scales of weight and purity are balanced. Sadly, in 1913, Congress delegated this grant of power to an agency, independent of the will of the people. Do you think the people want to pay trillions of dollars in interest on money it has the power to create on their own? I've heard it said that Jesus talked more about money than any other single moral issue and this is because he knew money matters consume most people's thoughts.
So, what are we to do? Is crypto-currency the answer?
- Isaiah 1:22 Your silver has become dross, your best wine mixed with water.
- James 5:4 Look! The wages you failed to pay the workers who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty.
To coin Money, regulate the Value thereof, and of foreign
Coin, and fix the Standard of Weights and Measures
Monetary policy is about justice where the scales of weight and purity are balanced. Sadly, in 1913, Congress delegated this grant of power to an agency, independent of the will of the people. Do you think the people want to pay trillions of dollars in interest on money it has the power to create on their own? I've heard it said that Jesus talked more about money than any other single moral issue and this is because he knew money matters consume most people's thoughts.
- Where are we getting our next meal?
- How will we pay for the roof over our head?
- How will we pay the doctor's bill?
- How will we live when we are too old to work?
This sad story points to an eternal truth. You cannot ever trust governments with the production and management of money.
So, what are we to do? Is crypto-currency the answer?
