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Line 7: − ==Money in the Bible== − − The use of money has to be approached with care. − − "For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs." (Timothy 6:10) − − "Keep your lives free from the love of money and be content with what you have, because God has said, "Never will I leave you; never will I forsake you." (Hebrews 13:5) − − "No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money." (Matthew 6:24) − − “But man, despite his riches, does not endure; he is like the beasts that perish. This is the fate of those who trust in themselves…death will feed on them.” “A man who has riches without understanding is like the beasts that perish.” (Psalm 49:12-14; 20) − − “Blessed are you who are poor” ... “woe to you who are rich.” (Luke 6:20-27)
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Money may be viewed as neutral or non-neutral regarding the real economy; it is disputed whether changes in the money market cause changes in real markets. The money market itself consists of a money supply (typically fixed for any given period) and a demand function for money. Because the quantity of money is typically exogenously given, the only variable determined in the money market is the price of money.
Money may be viewed as neutral or non-neutral regarding the real economy; it is disputed whether changes in the money market cause changes in real markets. The money market itself consists of a money supply (typically fixed for any given period) and a demand function for money. Because the quantity of money is typically exogenously given, the only variable determined in the money market is the price of money.
[[Category:Economics]]
[[Category:Economics]]