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A Blog on Biblical thoughts |
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Biblical Thoughts and questions from reading God's word. |
| I have always thought Christian economist though much smarter than me were crazy in their dislike of fiat money and belief in the gold standard. I don't disagree necessarily with a gold standard as it helps keep quantity and quality in check but what all economists should look at is a God standard. The reason things are of value from gold to men themselves is that someone or something values them. This can be in utility or for somethings own sake. America could stand fiat currency for a while because the value it possessed in its citizens and righteousness from God in such a case our currency would be backed by the righteousness of the Lord. Naturally as we turn away such currency is far from safe. Proverbs 14:34 Righteousness exalts a nation, but sin condemns any people. |