An example of how the government has overstepped biblical principles in some form of economic policy. For this assignment, you will write a 2-3-page paper (double-spaced, 1-inch margins)
Provide at least one example of how the government has overstepped biblical principles in some form of economic policy. Be sure to adhere to the format specified in the Course
Style guidelines document.
Options include the following topics:
- A specific piece of legislation relating to business regulation or taxation.
- The “party platform” of either the Republican Party or the Democratic Party (or both).
- The role of the Federal Reserve.
- The budget process.
An example of how the government has overstepped biblical principles in some form of economic policy
Role of the Federal Reserve and how it Oversteps the Biblical Principles – Sample Solution
Introduction
There have been several conflicts between established government policies and religious principles in the United States. Christians in America have frequently felt that government policies were going against their moral principles as directed by the Bible. One of the policies that have been extensively criticized by Christians in America is the recent Obamacare Act. There were also a lot of questions about how the government managed its economic policies and responsibilities during the 2008 economic crisis. Christians have made a number of criticisms regarding the manner in which most government economic agencies perform their roles based on biblical teachings. This paper analyses the role of the Federal Reserve and how it oversteps biblical principles.
Federal Reserve Role Performance and the Bible
The Federal Reserve is the United States central bank and the most influential world financial institution. It was established in 1913 by the U.S. Congress to give the country a stable, flexible, and safe financial and monetary system. The Federal Reserve is founded on a federal system that contains an agency of central government in Washington, D.C., as well as twelve Federal Reserve regional banks that are responsible for a particular U.S. geographic area. This bank is regarded as independent since its decisions must not be approved by any government official, not even the president. Nevertheless, the bank is still subjected to the oversight of Congress, and thus, it must operate within the financial and economic framework of government policy objectives (Investopedia, 2015).
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