Episode 44

Inflation: Legalized Counterfeiting against God?

What is inflation? Is it rising prices? Or is it something that actually causes prices to rise?

Even Presidents of the USA get this wrong! Hey, almost everyone now gets this wrong!

Historically, and even just a few decades ago, inflation was always an increase in the supply of money.

In this episode we trace how the definition changed and why.

We examine what real inflation is and how it affects the economy.

We compare it to counterfeiting to see if there are any significant differences.

What does the Bible say about this practice? Does God allow people to do this or condemn them for it? Does inflation violate the commands against dishonest balances and theft?

 

Sources Cited:

"What is the Real Definition of Inflation?"

https://inflationdata.com/articles/2010/07/21/real-definition-inflation/

 

"Definition of Inflation"

 https://www.merriam-webster.com/dictionary/inflation

 

Scriptures Cited:

Hosea 12:7-8

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About the Podcast

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Truthspresso
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About your host

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Daniel Mynyk

Daniel Mynyk is a software developer with experience in the education, real estate, and manufacturing industries. He is a devout Christian and an affluent lay apologist, having taught adult Sunday School classes in theology and church history. Daniel has authored the book "Freedom To Give: The Biblical Truth About Tithing." He has also been a guest on the syndicated radio show Bob Enyart Live and popular podcasts such as Apologetics Live, Theology Throw Down, and The Rap Report with Andrew Rappaport. He runs the apologetic website TruthHub.org and hosts the weekly podcast Truthspresso. Daniel lives with his wife Chelsea their four kids.