6. When the State Monopolizes Money
CHAPTER SIX
WHEN THE STATE MONOPOLIZES MONEY
“Show me the tax money.” So they brought Him a denarius. And He said to them, “Whose image and inscription is this?” They said to Him, “Caesar’s.” And He said to them, “Render therefore to Caesar the things that are Caesar’s, and to God the things that are God’s.” (Matthew 22:19–21)
7. Biblical Banking
CHAPTER SEVEN
BIBLICAL BANKING
Therefore you ought to have deposited my money to the bankers [money exchangers], and at my coming I would have received back my own with interest. (Matthew 25:27)
8. Fractional Reserve Banking
CHAPTER EIGHT
FRACTIONAL RESERVE BANKING
If you ever take your neighbor’s garment as a pledge, you shall return it to him before the sun goes down. For that is his only covering, it is his garment for his skin. What will he sleep in? And it will be that when he crieth to Me, I will hear; for I am gracious. (Exodus 22:26–27)
9. Protecting the Counterfeiters
CHAPTER NINE
PROTECTING THE COUNTERFEITERS
You shall do no injustice in judgment: you shall not be partial to the poor, nor honor the person of the mighty: but in righteousness shalt you judge your neighbor. (Leviticus 19:15)
Three counterfeiters are discovered. The first one is a middle-class man who owns a cheap offset printing press. He has printed 500 $20 bills and spent them into circulation.
10. A Biblical Monetary System
CHAPTER TEN
A BIBLICAL MONETARY SYSTEM
Owe no man anything . . . (Romans 13:8a)
In chapter 7 of Inherit the Earth, another book in the Biblical Blueprints series, I deal with debt bondage. The Bible regards debt as a form of servitude: “The borrower is servant to the lender” (Proverbs 22:7b).
Conclusion
CONCLUSION
Diverse weights are an abomination to the Lord, and a false balance is not good. (Proverbs 20:23)
Bibliography
BIBLIOGRAPHY
Groseclose, Elgin. Money and Man: A Survey of Monetary Experience. 4th ed. Norman: University of Oklahoma Press, 1976.
Holzer, Henry Mark. Government’s Money Monopoly. New York: Books In Focus, 1981.
Mises, Ludwig von. The Theory of Money and Credit. Originally published in 1912. New Haven, Conn.: Yale University Press, 1953. Reprinted by the Liberty Press, Indianapolis, Ind.
Index
INDEX
Abraham, 19
Aldrich, Sen. Nelson, 111, 112
bank collapse, 101
bankers, 87–89, 93
bank failures, 113
banking, 81–93, 104
bank charters, 139
bank runs, 101, 106, 114, 123, 135
business loans, 90–93
charitable loans, 88, 89–91, 93
check-writing privileges, 134, 135
collateral, 91–92, 95–97, 105, 106, 138
Backcover
Mises on Money
