Did God institute a law against the debasing of currency? (RC Sproul)
score:1
The law he references is the law of the Year of Jubilee (Lev 25:13-17).
Once upon a time, the US dollar was tied to the value of gold (gold standard). The idea was to tie money to a fixed value. You could take your paper dollar to the bank and receive gold in exchange. Very rarely you might still come across a silver certificate in circulation, which was the same in that the value of the dollar was tied to silver. The gold standard was abandoned in 1971.
Since then, in the United States, the value of currency essentially declines each year as it relates generally to inflation. We might remember for example that a postage stamp used to cost $0.05, but today it is $0.53. The buying power of a dollar has decreased over time. It is debased. A horrid example of hyperinflation is the value of a German mark in the Weimar Republic between 1921 to 1923. People would be paid and load wheelbarrows with near worthless paper money to buy a loaf of bread.
For those under the Mosaic Law, the value of currency was tied to the land, to something that in itself had value in that it produced a crop. This is similar to the idea of tying currency to gold.
‘According to the multitude of years you shall increase its price, and according to the fewer number of years you shall diminish its price; for he sells to you according to the number of the years of the crops. verse 16
Jubilees ran for 50 years. So, if you bought a piece of land that had 20 years left of the 50 to the year of Jubilees, the price was more than if you bought land that had 10 years left. Each 50 years therefore, the value of the land was reset, rather than debased. Inflation causes prices to go up and debases the currency. The Law of Jubilees causes prices to decrease and maintains the value.
More post
- 📝 Catholics marrying after civil divorce
- 📝 According to the Catholic Church is it offensive to dress as a Catholic priest and perform “communion”?
- 📝 Why does God, according to his own words, "create evil"?
- 📝 Is Jesus the Father?
- 📝 Why and how do Creationists agree with microevolution but disagree with the idea of macroevolution
- 📝 What does the bible say about h*m*sexuality?
- 📝 What does 2 Timothy 2:15 mean?
- 📝 How can 1 Corithians 15:3 and Psalms 49:7 be reconciled?
- 📝 What does "gates of hell" mean in Matthew 16:18?
- 📝 If you are a cardinal, does that mean that you are an immediate successor to a dead or resigned pope?
- 📝 What does "Christ was born across the sea" mean in Julia Ward Howe's The Battle Hymn of the Republic?
- 📝 What's the name of this catholic chant?
- 📝 Was the covenant with Adam suspended or replaced by the covenant with Noah?
- 📝 How can common believers in the Eastern Orthodox Church be sure that the Church's decisions are correct and not erroneous?
- 📝 The Wretched Word "Miser"
- 📝 In LDS doctrine, what is the difference between the Holy Ghost and the Light of Christ?
- 📝 What is the Biblical basis for saying Christians are "friends of God"?
- 📝 How do protestant youth group ministers reach apathetic parents of religious education students?
- 📝 Since God provided for the forgiveness of sins in the Old Testament, why do we need Jesus?
- 📝 In the Bible, have "good men" often set their hand against each other?
- 📝 Was it on the basis of the devastation of the flood that man was allowed animal flesh?
- 📝 Does “Q” elucidate the "synoptic problem"?
- 📝 According to those holding that Jesus was literally born of a virgin, why did Paul not mention it?
- 📝 According to Roman Catholicism, Mary loved God of her own free will. Does her love mean less to God because grace protected her from sin?
- 📝 Are 'Nestorians' still considered heretics?
- 📝 Was Jesus circumcised and did he eat pork?
- 📝 Do I have to attend church every Sunday?
- 📝 What did Paul mean when he called Jesus the "firstborn from the dead"?
- 📝 Do Roman Catholics regard Orthodox sacraments as valid and/or licit?
- 📝 Why did God create a new covenant?
Source: stackoverflow.com
Search Posts
Related post
- 📝 Did God institute a law against the debasing of currency? (RC Sproul)
- 📝 What does it mean that Jesus fulfilled the law but did not abolish it?
- 📝 Why did God kill a man for picking up sticks on the Sabbath?
- 📝 Why did Jesus question God on the cross?
- 📝 How did Cain and Abel know to offer sacrifices before the Law of Moses?
- 📝 Did God create the serpent in the Garden of Eden?
- 📝 Did God kill the first borns in Exodus, according to Jehovah's Witnesses?
- 📝 Did God still dwell in the temple while Jesus was on Earth?
- 📝 Why did God need to plant the tree of knowledge of good and evil in the garden of Eden in the first place?
- 📝 Why did God describe the light as being good, but not the darkness?
- 📝 Did God REALLY want to destroy the people of Israel?
- 📝 Why did Jesus never address God by the name "Jehovah"?
- 📝 How could the Egyptian magicians do what God did through Moses?
- 📝 Did Jesus know from the outset that He was the Son of God or did Mary tell Him?
- 📝 According to Orthodox Christianity, did God die on the cross at Calvary?
- 📝 Why did God use humans to write the Bible?
- 📝 Why did God make the "Forbidden Fruit" available in Eden?
- 📝 What did the Dominicans have against the immaculate conception?
- 📝 Why did God create the Heavens and the Earth?
- 📝 Is female h*m*sexuality against the Law of Moses?
- 📝 How did Gideon win his battle against the Midianites?
- 📝 When did the LDS church start teaching that God the Father had a beginning?
- 📝 Why did God not want man to have the knowledge of good and evil?
- 📝 If we will have free will and be sinless in Heaven at the same time, then why did God not create a world with sinless free creatures to begin with?
- 📝 Does God want things? What are some of the things He wants, and how did we find out?
- 📝 Before anything was created, did God already know the events that would unfold?
- 📝 Eating of which non-fish animals does not go against the dietery law of the Roman Catholic Church?
- 📝 What did God make the universe from?
- 📝 When did the immutability of God become entrenched in Christian literature?
- 📝 Why did Stephen have authority to ask God to forgive the sins of his nonbelieving executioners?