Genuine Money

 Honest Money Essay

GENUINE MONEY

The Biblical Formula for Money and Banking

Gary North

www.garynorth.com

copyright, Whilst gary North, 1986, 2005 If you need more information on biblical economics, visit www.garynorth.com. See the section, Capitalism as well as the Bible. There are over a number of books presented for free. If you wish detailed information on successful financial planning, it is available at www.garynorth.com.

Table of Contents

Advantages............................................................ 1 1 ) The Value of Money............................................. 5 installment payments on your The Beginnings of Money........................................... sixteen 3. Preserving Honest Funds....................................... 25 four. Debasing the Currency.......................................... 35 5. The Contagion of Inflation....................................... 44 6. If the State Monopolizes Money............................... fifty four 7. Genuine Banking............................................. 64 8. Fractional Reserve Banking...................................... 73 being unfaithful. Protecting the Counterfeiters...................................... 82 10. A Biblical Economic System..................................... 94 Conclusion........................................................... 104 Bibliography......................................................... 110

INTRODUCTION

I wrote this book in 1986. I've converted this into a fresh format: a manual rather than a printed publication. The book was formerly part of a series called the Biblical Blueprints Series, jointly published by Dominion Press and Jones Nelson Kids (first 4 volumes). There was ten amounts. The established is still accessible in the original structure, except for this book, which has been published by an additional company. All of them are available absolutely free on this Site: http://www.freebooks.com This is a book about money, a subject that has defied analysis simply by professional those who claim to know the most about finance for as long as there have been specialist economists. Simultaneously, it is a matter for which one of the most ill-informed people think they have the answers. Very often the most ill-informed folks are professional economists. I will offer you an example. Inside the fall of 1985, I suggested to a research associate to a U. S. Congressman that he conduct a fast study from the Mexican influencia. I thought the fact that sharp embrace cash American money in blood flow might be the result of Mexican excellent substituting dollars for pesos in South america. At the time that he began his investigation, the peso was selling for about 250 per dollar. We suggested that he inquire a staff economist at the Federal Reserve System, our place's central financial institution, if this individual thought that People in mexico were hoarding cash us dollars. I thought that Mexican citizens were using the U. S. dollars as a substitute intended for the falling apart peso. He phoned back a few days and nights later. Two staff those who claim to know the most about finance, one of which was a consultant in the Philippine economy, acquired told him that it was quite unlikely that People in mexico were hoarding dollars, mainly because Mexicans can take cash us dollars to their community bank, exchange their dollars for pesos, and the bank would spend them affinity for pesos. Within one week, the peso chop down to five-hundred to the money. Thus, anyone that had followed the tips of the expert economists had lost half of his capital. Alternatively, those who acquired bought funds dollars using their pesos and not went close to a bank had doubled...

Bibliography: Yeager, editor: In Search of a Budgetary Constitution. Cambridge, Massachusetts: Harvard University Press, 1962.

111

Rothbard, Murray. " Funds, the State, and Modern Mercantilism, ” in Helmut Schoeck and David W. Wiggins, editors: Central Planning and Neomercantilism. Princeton, New Jersey: Vehicle Nostrand, 1964. Rushdoony, R. J. " Money and Society in the Bible, ” in Hans Sennholz, manager: Gold Is Money. Westport, Connecticur: Greenwood Press, 1975. Sennholz, Hans. Money and Freedom. Springtime Mills, Philadelphia: Libertarian Press, 1986. Skousen, Mark. The Economics of the Pure Platinum Standard. Red University; Red, Alabama: Ludwig von Mises Institute, 1986. Stauffer, Ethelbert. Christ and the Caesars. Phila.: Westminster Press, 1955.

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