Takes notes, Christian Economics is Now Available



I could not resist clicking the title on Chistian Post, "The Single Thing Causing Inflation." What a disappointment. The economics of Trump, Jesus and the Republican Party are not worth one's time. 

The "single cause", according to a retired professor of conservative Christian theology, is the supply of money. This old theory, made famous by the late Milton Friedman, was never universally popular and was debunked by actual experience as the years went by. 

Without going too far into the weeds, Friedman's theory was that the Federal Reserve should grow bank account balances at the rate the population and economy grew. This, he thought, would stop the rise in prices and wages. What few understood was that the theory assumed the rate or speed money flowed through the economy would remain constant. This did not happen. As time passed, inflation happened when the supply of money declined and visa versa. 

The link's theology professor is mostly concerned about tying the Bible to economics. He believes God does not want more government spending. Government debt, he believes, causes the money supply to increase and this causes inflation. History does not show this to be true. 

The link headline hinted it is an article about economics. Instead, it is about socialism and socialism's sister, Communism. Pundits say politics is the new Christianity. The link shows the truth in that.

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