Larceny 101

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“At thy right hand there are pleasures for evermore” (Ps. 16: 11)

Growing Dominion, Part 123

“Divers weights are an abomination unto the Lord; and a false balance is not good” (Prov. 20:23).

Scripture makes this point in a number of different places, and it would be good for us to note that the sinful heart of man has figured out how to violate it in a number of different ways. When the butcher has his thumb on the scales, that is obviously an example. When substandard materials are purposefully included in the shipment—a little sawdust in the cereal for example—then that is a clear violation as well.

But we sometimes forget that the dollar bill is a unit of measurement as well—a scale that men can tamper with. And it turns out that they do tamper with it. We have to come to grips with the fact that our Federal Reserve is essentially an institution filled with dishonest larceny. As I write this (2007), the inflation rate is 2.69%. The theft is from all consumers, but the grotesque nature of that theft is seen most clearly when we consider those living on a fixed income. Just to keep things simple, and illustrate the principle, if the inflation rate were 7% over ten years, this would divide the purchasing power of someone’s money in half. If a widow is living on $2000 a month, her purchasing power ten years later will be half that. She will still have the right number of green pieces of paper, but that currency will only accomplish half the work. But it doesn’t matter if the digital numbers in red on the scale read the same—honesty is measured by how much meat is on the scale. This means, in simple terms, the Fed is stealing from her (and millions of others), and that God considers it an abomination. God looks down on the Fed and says, “not good.”

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