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"For in Him we live and move and have our being" (Acts 17:28) Finances
True Wealth
Historical battle over money
Inflation: The Price of Unholy Money
Interestingly, the Bible foretells of the consequences of inflation in Haggai. 1:5 "You earn wages, only to put them in a purse with holes in it." Does this sound familiar? Where has all the buying power of our money gone?
I will tell you a secret that less than one in a million people understand. I will tell the truth about inflation. First, let's read Webster's definition of inflation: "Inflation is the abnormal increase in available currency and credit, resulting in a rise in price levels." Now this definition is fairly accurate except that it does not identify the root problem -- disobeying God's economic laws.
For example, for nearly 150 years inflation was almost nonexistent in this nation. WHY? The reason is we obeyed the scriptural mandate to have "a just weight and measure" backing our money system. Simply put, if you go into the store to buy a pound of cheese, you expect that there is a standard of weight that assures you of getting your moneys worth. Right? In the same way, our Founding Fathers included strict guidelines in the Constitution that would assure the citizens that money would consist of an honest weight of gold or silver. Around the turn of the century the banking establishment (along with the government) decided to abandon Gods laws for a stable, prosperous economy and gradually began confiscating a portion of the citizens wealth by printing more currency than there was gold or silver to redeem. This may seem forgivable (during a war or national emergency) but as soon as we begin bending God's rules we are allowing Satan a foothold in our lives.
Lenin understood the deceptive power of monetary inflation when he said, "the best way to destroy the capitalist system is to destroy the currency.. by continuing inflation governments can secretly confiscate the wealth of the citizens. This process engages all of the hidden forces of destruction in a manner that not one in a million can diagnose." Perhaps this is why John Adams told the Constitutional Convention of 1787 that of all the perplexities, confusion and distress in America arise from the downright ignorance of the nature of coin, credit, and circulation.
What can be done to fight inflation?
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