In this article, economist Paul Mills offers a critique of the financial crisis from a biblical perspective. In particular, Mills calls out the inherent problems of having a debt-based economy. In offering this critique, Mills highlights the rationale for an equity-based economy from both a biblical and economic standpoint before moving on to offer suggestions on how individuals, churches, businesses, banks, and governments can move towards the direction he suggests. Readers of this article will find a rather compelling case against debt-based finance from both a biblical and economic perspective and, in light of the continual challenges in society through a debt-based approach, will find a case worth considering more seriously.
Do you find Mills’ argument against a debt-based economy a compelling one? Why or why not?
Source: Cambridge PapersView This Resource