01 Economic articles

Dear Blog Friends,

I will be posting some of Gary North’s articles.  Even though I do not agree with Gary North’s  eschatology (Post-millennial), I consider him an excellent Bible scholar and economic teacher.  You will find his writing well worth reading.  I may comment of some of them from time to time.  There are many devotees of Gary North and I suppose that there are many who dislike him for his views.

There are some other excellent economist from which I will be posting information.  Thomas Sowell, Dr. Walter Williams, Howard Ruff, Milton Friedman, and some of who are called “hard money people”.

The proof of the pudding is in the eating so just taste a little of his articles. 

There are other excellent conservatives and I will be posting some of there articles.   Walter Williams is an economist that I greatly admire.  He will be one of persons that include in my collection of articles.   Do you understand the nature of inflation.  There are two aspect of inflation: 1) monetary inflation is the printing of additional paper (fiat) currency, and 2) price inflation is the result of monetary inflation.   This distinction is not clearly understood by the public.   Most think of inflation as rising prices on food and other commodities.  However, this is price inflation which is the result of monetary inflation, that is,  too many paper dollars chasing too few goods. 

Also, I plan to place some of the articles in the pages from this blog site in the main post position so that you can become familar with them.  The main post position may be read more often than any other.  By rotating some of the articles it may be easier to expose you to them.  Also note that many of the articles are contained in .pdf files that you can download.  The .pdf is generally place right next to the title of the article.  You may find some of the articles valuable enough that you may value them for future reference.

As I have said, morality determines economics, economics determines freedom, and lack of freedom is monetary slavery.   What is slavery?  It is 100% taxation of the fruits of your labor.  To the degree that the Government is able to tax us to that same degree they are able to reduce or take away our God given freedoms.

Remember that monetary inflation is government legalized theft! Monetary inflation is the increase in the money supply without anything to back this fiat paper currency. This is what allowed Hitler to assume power in Germany. The German Government had increased the money supply by 400% from 1913 -1920 in order to support and fund the activity in the First World War. This inflation effectively destroy the German currency and the German economy. They were not able to directly tax the people because then the German people would have known that their money was being stolen by the government. Unfortunately we are rapidly on the same path with our current President. Monetary inflation is government legalized theft!  Monetary inflation is the increase in the money supply without anything to back this fiat paper currency.  This is what allowed Hitler to assume power in Germany.   The German Government had increased the money supply by 400% from 1913 -1920 in order to support and fund the activity in the First World War.   This inflation effectively destroy the German currency and the German economy.  They were not able to directly tax the people because then the German people would have known that their money was being stolen by the government.  Unfortunately we are rapidly on the same path with our current President.

Inform yourself on economic issues.  This is an essential aspect of your Christian stewardship!  He that does not plan for the future is planning to fail in the future.

Rev. Thomas L. Clark – Phil. 3:14 

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