Friday, June 6, 2008

Rushdoony on Inflation

Thoughtful men will naturally seek to protect themselves by investing in land, gold, silver, and other historic hedges against inflation, but the counter-hedges of socialism against self-protection are greater than ever before. And, while survival is important, it is not enough. Socialism is finished: it is destroying itself, and although the worst lies ahead, the certainty of socialism’s collapse is nonetheless inescapable, and it must be a basic premise of all thinking concerning the future. The central concern even now must be reconstruction, the creation of new institutions dedicated to liberty, education to that end, and the assurance that the fresh air of liberty is ahead, past the days of chaos. The wise, therefore, will recognize that the breakdown of money, socialist money, is overtaking us, and that there is no security in counterfeit currency. Before they sit weeping, like the Chinese of Shanghai, surrounded with their worthless money, they had better dedicate themselves and their wealth to the cause of liberty before it is too late. As Sennholz has pointed out, our managed money today is the poorest form of investment for the future. In the long run, an investment in liberty offers better returns.

Reprinted from the Chalcedon Report, 1968

Faith For All of Life "Wisdom the Principal Thing"


Mom often reminds us of what God told His people in captivity: “Build houses, and dwell in them; plant gardens, and eat their fruit. Take wives and beget sons and daughters; and take wives for your sons and give your daughters to husbands, so that they may bear sons and daughters—that you may be increased there, and not diminished. And seek the peace of the city where I have caused you to be carried away captive, and pray to the LORD for it; for in its peace you will have peace.” Jeremiah 29:5-7

God wants His people to choose life even in the grief of captivity - He wants us to live thinking of the future.

Planning for disaster or inflation usually focuses on survival materials and precious metals but is dominated what Dad calls a culture of single men. (We tease him about this, since he was single till age 33). But Dad’s point is that it is transient, self centered and a dead end to plan and turn away from God’s blessings.

We must plan for difficult times as God brings judgment on our nation. But our plans must include the building for the future and the precious gift of children -- even in captivity.

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