Question

What references to inflation are in the Bible?

Answer 1

The Bible states that the money is not a problem, however the love of money, i.e., the love of irresponsible power and wealth. When people are governed by a love of money, they tends to be leisure and consumption oriented. Consequently will demand a social order which leads to more production of money as is at the top of their priority list. It would cause an inflationary society. However the segments of society desire welfarism; the indigent will take it in the outright handouts form. People will receive their checks of welfare and “free” money in more approaches in a respectable manner. By debt and inflation as their means, they have the power to expand their holdings and thus can pay off good debts with bad money, a disguised form of welfarism and subsidy. Not only civil government however majority of business corporations have become adept at this welfarism form. This form of cheating in welfare by the poor is amateurish in comparison.