Topic > Biblical Principles on Money and Banking by Dr. Gary North

Biblical Principles on Money and Banking by Dr. Gary NorthHonest Money Biblical Principles on Money and Banking by Dr. Gary North is a book that brings together not only the history of how money was born, but how to use it correctly. It teaches honesty and godliness in our daily dealings with earnings. The value of money is something difficult to determine. Money is a commodity. Money allows us to set prices for most available goods and services. Money exists because man has realized that some things are more desired and sought after than others. People sell items for money to increase their income and enrich their future. Things of equal price are exchanged, but the values ​​differ in the minds of the people involved. Because money must have five essential characteristics: (1) divisibility, (2) portability, (3) durability, (4) recognizability and (5) scarcity. The origin of the coin is something quite surprising. It was not the government that established the currency, but the people. Those who used the money created money voluntarily and can still change it at any time even in the future. It was the free market that determined what the national unit of exchange would be. Keeping an honest currency is something very important. We should not make profits in any way that is not pleasing to God. We should be pious and honest in all our dealings with money. Because the Bible is very clear about this. He says, “Thou shalt not steal.” This sin is a sin against God. Honest checks and balances are not an option, they are a requirement. Another important thing in keeping an honest currency is that the ruler is also honest in his dealings. If the ruler is not right, soon the people will be the same. Since people are morally corrupt, there is no exception when it comes to income. When civilizations become corrupt, they fall, which is their punishment for breaking God's commandments. Contagion of inflation is also something to be avoided. Our economy could collapse if the monetary unit were changed. If this happened, the devaluation of our currency would spread universally and end in disaster. The world would live in complete immorality and sin. The government tries to control the economy by controlling prices, but in exchange all it does is tear down our free market system. When the state monopolizes our money, it causes problems.