With economic recession, inflation and increasing national debt, how are Christians supposed to think about their money and building wealth to leave an inheritance?
In this episode, we interview Jonathan Wellum from Rocklinc Investment Partners Inc. on how God’s Law helps us understand economics from a Christian perspective. He talks about how the Bible’s economic principles help build strong economies, the problems with inflationary fiat currency, and what’s the better (more Biblical) alternative. We also talk about how Christian entrepreneurs can build thriving businesses even in a time of economic hardship and how Christians in full-time ministry can build equity and wealth. Finally, Jonathan exposes some of the most common misconceptions about economics and gives some advice on how pastors can help equip their flocks to think Christianly about economics.
Don’t miss this episode!
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📚 RECOMMENDED READING (From Jonathan Wellum)
- 📘 Commentaries on the Laws of England by William Blackstone – https://amzn.to/49kjQ0M
- 📘 The Mission of God by Joseph Boot – https://amzn.to/49hCKWb
- 📘 Ruler of Kings by Joseph Boot – https://amzn.to/40nWwez
- 📘 The Economy in Mind by Warren Brookes – https://amzn.to/3siYAb6
- 📘 Population Bombed! Exploding the Link Between Overpopulation and Climate Change by Pierre Desrochers – https://amzn.to/3FH6KwT
- 📘 The Poverty of Nations by Wayne Grudem – https://amzn.to/3MrxcP6
- 📘 Wayne Grudem, “How an Economic System Can be Compatible with Scripture” in Biblical Principles & Business: The Foundations – https://amzn.to/47hIgGA
- 📘 The Road to Serfdom by F.A. Hayek – https://amzn.to/3QS1ltD
- 📘 The Fatal Conceit: The Errors of Socialism BY F.A. HAYEK – https://amzn.to/47zIitB
- 📘 Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics by Henry Hazlitt – https://amzn.to/40ouMWZ
- 📘 Lectures on Calvinism by Abraham Kuyper – https://amzn.to/40r4weH
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Quotes from – Goodness and GDP – Warren T Brookes – “The Economy in Mind”
“Spiritual and metaphysical values are more basic to our economic progress and prosperity then the physical and political; that spiritual values are fundamental to economic values; that goodness does have something to do with GDP.”
“Products, after all, are the assembly of qualities, and their value drives directly from the innate character and ideals of those who create them in the workmanship of those who produce them. Things are, in their final analysis, the expression of thoughts. Quality products drive from quality thoughts, shoddy products from shoddy thoughts.”
“A national economy, like an individual business or a specific product, is the sum of the spiritual and mental qualities of its people, and its output value will only be a strong as the values of society. There are many examples of barbaric societies which practiced the “free market” of the jungle and finally perished in the poverty of hedonism. Without the civilizing force of universal moral standards, particularly honesty, trust, self-respect, integrity, and loyalty, the market place quickly degenerates. A society that has no values will not produce much value; a nation whose values are declining should not be surprised at a declining economy. As Ralph Waldo Emerson postulates, “a dollar is not value, but representative of value, and, at last, of moral values.”
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