Posted: October 6th, 2022

The Federal Reserve’s Role and how it Oversteps the Biblical Principles

The Federal Reserve’s Role and how it Oversteps the Biblical Principles
Scholar’s title
ECONOMICS ANALYSIS ESSAY
For this task, you’ll write a 2–Three-page paper (double-spaced, 1-inch margins) offering at the very least 1 instance of how authorities has overstepped biblical ideas in some type of financial coverage. You’ll want to adhere to the format laid out in the Course Fashion Tips doc.

Choices embody the following matters:
• A selected piece of laws regarding enterprise regulation or taxation.
• The “occasion platform” of both the Republican Get together or the Democratic Get together (or each).
• The function of the Federal Reserve.
• The finances course of.

In discussing considered one of these matters, incorporate clear references from the required studying.

The required Studying & Research materials for Module/Week 7 should be cited particularly, and it’s essential to embody outsides sources as properly. You will need to embody at the very least 2 references in your essay; when citing them, it’s essential to adhere to the format laid out in the Course Fashion Tips doc.
GOVT-200: Constitutional Authorities & Free Enterprise

The Federal Reserve’s Role and how it Oversteps the Biblical Principles
The United States authorities makes an attempt to abide by biblical doctrines throughout the formulation and enterprise of some types of financial insurance policies. The Bible has crucial info important in retaining the societal outcomes in test. The assortment of the following pointers are known as biblical ideas (Conti-Brown, 2017). These ideas are God’s type of disseminating info and guiding ideas to humanity and Christians on the progressive path f spirituality. Furthermore, they’re intertwined with human beings’ nature in order that they relate to God’s lifestyle or human.
Assessment of the Federal Reserve’s function in overstepping the biblical ideas
Conversely, these ideas face many drawbacks as human beings overstep their day by day undertakings of the multifaceted authorities financial coverage processes. An exemplary occasion is the Federal Reserve’s processes as it oversteps the biblical ideas as Christians Question Assignment the Fed’s efficiency (Conti-Brown, 2017). This discourse analyses the Fed’s function and how it oversteps the biblical ideas in the wake of sustaining the financial stimulus.
Background of the Federal Reserve
The Federal Reserves was based in 1913 by U.S Congress, primarily to control the nationwide monetary directions and preserve the financial system afloat. It’s considered considered one of the most influential monetary establishments globally, additionally known as the United States Central financial institution. The Fed is an unbiased entity; thus, its determination shouldn’t be subjected to authorities affect. Nevertheless, it shouldn’t be exempted from the oversight of congress; thus, it should function as per the provision of the monetary and financial coverage framework coverage (Conti-Brown, 2017).

Subject of Concern
Over the years, the Federal Reserve has formulated new insurance policies and rules to violate biblical ideas. These guidelines have formed and modified the performance of the financial institution. Herein are just a few biblical pointers that the Fed has violated.
Biblical software
Firstly, in accordance with Exodus 22:26, it addresses the situation of reimbursement of dues, whereby the Fed violates these pointers. Following the monetary disaster of 2008, a disaster that might have been prevented, nevertheless, in the Fed’s watch, is monitored as the banks depleted their reserves, the fed provided loans whereas understanding the monetary establishment’s incapacity to pay the loans with the elevated rates of interest. Secondly, the fed contributes to the debasement of cash that’s thought of a violation of the biblical ideas addressed in Isiah 1:2. In the Bible, cash was equated to silver and gold that had been valuable metals (Conti-Brown, 2017).
Nevertheless, the Federal Reserve shifted the worth of its silver in 1933. The metals and plates had been changed by the Federal Reserve notes that aren’t backed up by something however relatively than the authorities assurance of its value, in contrast to the worth of silver and Gold (Marbaniang, 2013). Moreover, resulting from its monopolistic nature, the Federal Reserve’s forcibly transfers to others. As it attributes to inflation, which is an moral violation, the exodus 20:15 biblical precept ‘‘thou shall not steal’’. Moreover, In accordance with the Bible, addressed by the e book of Leviticus 19:36, “Thou shall not tamper with measures and weights…” this provision of the Bible questions the use of false measures and weights as this quantities to a excessive stage of fraud.

Literature overview
The skill to generate extra and extra notes has led to inflation; that is a method the Federal Reserve has overstepped the biblical ideas in financial coverage. The Federal Reserve’s contribution of inflation violates the proper to personal property, thus thought of unethical financial coverage. By manipulating the authorities provide, this has attributed to the financial and moral shortcomings and notably contributes to the violation of God’s doctrine. The Bible requires us to make use of correct balances; thus, false weights equal to abomination as per the biblical teachings. That is regarding the use of coinage and Federal Reserve notes to measure the worth of the forex (Sabrin, 2019)
Commentary
The United States financial insurance policies are formulated to safeguard the individuals; the performance of those insurance policies is guided by the provisions of those insurance policies and different exterior influences corresponding to the biblical ideas. Many of those financial insurance policies have overstepped the biblical ideas and teachings; that is evidenced by the multifaceted points dealing with the financial system, in issues, taxation, budgetary allocation, and notably the Federal Reserve’s performance. Many monetary establishments in the present day are struggling chapter following their incapacity to repay their money owed. Moreover, the nation has suffered a monetary disaster and inflation following the Feds violation of the biblical ideas and its doctrines throughout the formation of financial insurance policies.

References
Conti-Brown, P. (2017). The energy and independence of the Federal Reserve. Princeton College Press.
Marbaniang, D. (2013). The Corrosion of Gold In Gentle of Fashionable Christian Economics.
Sabrin, M. (2019). Why the Federal Reserve Sucks. Lulu. Com.

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