The Kuyperian Commentary

Politics, Economics, Culture, and Theology with a Biblical Viewpoint

Archive for the category “Banks”

Money Comes From Society; The State Steals Credit

printing-moneyby Mark Horne

It is pretty common to hear conservatives or libertarians deride “fiat currency” as if it is worthless trash. They are absolutely right to insist that it is flawed. And those flaws will certainly lead to a bad end some day. But that is not the same as claiming it is “worthless.” If it were worthless, no one would give you anything in exchange for it. But they do.

The common claim is to say that money is “government created.” Supposedly, this leads to the conclusion that the money must not be really worth anything. But that is not the only way the argument could work. Many people hear that money is created by the state and then see how well it works for buying things and conclude that the state must be pretty competent in creating currency (I’d say, “making money,” but that would be confusing). Read more…

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There is low price inflation because we are still in a deflationary credit contraction

printing-moneyAndrew Isker asks,

Why Has There Been So Little Price Inflation?

He poses the scenario:

A question I have heard a lot from those with a Kuyperian bent is “since the Federal Reserve has so greatly increased the money supply, why hasn’t there been corresponding inflation because of it?”

I appreciate Andrew blogging about Austrian economics, a subject I care much about and love to discuss. But I would like to offer some slight differences on how to look at our present situation. Read more…

Is the Christian Drug Prohibitionist Seeing the Real World?

My Kuyperians co-Commenter, Steve Macias, has written an excellent piece on drug decriminalization. It is a great piece in its own right, but it also gives me an opportunity to flesh out an application of my rather abstract post on why your Christian world view blinds you.

dare-cia

Whether or not Christians agree with Macias on legalizing drugs, many will assume that the simple point is whether or not “the government” (conceived of as a monolithic entity rather than as many people with many different centers of power and differing interests) is “against” drugs and therefore prohibits them. But what if we take a moment and look at the world as it actually is? Read more…

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