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In: Economics

For this assignment, you will write a 2–3-page paper (double-spaced, 1-inch margins) providing at least 1...

For this assignment, you will write a 2–3-page paper (double-spaced, 1-inch margins) providing at least 1 example of how government has overstepped biblical principles in some form of economic policy.

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Expert Solution

The federal bank is the central bank of the united states. It was formulated in the year 1913. The Bible likewise question the quantity of U.S. economic administering the nation. It is evident on three legal norms that incorporate money related corruption, various obligation and measures and loads. As indicated by the holy book, nobody should mess with measures and loads. This is tended to in the book of Leviticus 19:36. Numerous obligation is likewise viewed as off-base as tended to in the book of Exodus 22:26. Be that as it may, Fed takes a shot at the premise of fractional save the banking and along these lines damaging this standard. Moreover, degradation of fiscal is viewed as off-base as tended to in the book of Isaiah 1:22. The current financial arrangements abuse all the over three standards. Like some other national bank, Fed framework is a privately owned monopoly, which is authorized by the legislature. The administration contains aberrant power against it by being allowed to select the individuals from the board. Besides, the bank does not permit any bookkeeping association from the administration to assess its record not even in the local level. In this way, the bank is equipped for submitting any misrepresentation without anybody seeing, which is against the scriptural and moral standards. The forces have given to the bank as a private substance are overpowering.


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