A Free Market

Dr. Paul Kengor and Dr. Shawn Ritenour, both of Grove City College, have a nice dialogue about the free market, economics, socialism and the Bible. Very relevant for today. An excerpt below:

"The foundation of economic activity and policy is private property. All action requires the use of property and all economic policy is about how people can legally use their property. To benefit from the division of labor, we must be able to exchange our products, which requires private property. Private property is definitely Scriptural. The Bible explicitly prohibits theft, fraud, moving property barriers, debasing money, violating labor contracts, as well as coveting. These prohibitions apply to both citizens and rulers. In my text, I apply this conclusion to issues such as confiscatory taxation, government subsidies, business regulation, and monetary inflation."