Advertisement

Drollinger: Debt and Inflation Have a Spiritual Root Cause — Here’s How to Stop the Downward Spiral

The brilliant economist Milton Friedman once said, “Inflation is just like alcoholism. In both cases, when you start drinking or when you start printing too much money, the good effects come first; the bad effects only come later.”
I like Friedman’s metaphor. The deleterious results of all undisciplined habits generally do not come to roost immediately. But as with every sinful addiction, the eventual decline that most assuredly comes is what Scripture means when it says, “and be sur …

Leave a Reply

Your email address will not be published. Required fields are marked *

U.S. National Debt

The current U.S. national debt:
$34,591,776,354,253
Send this to a friend