In the Bible God creates by Fiat that's called Fiat creation let there be only God can let there be things into existence

Fiat money is taking a divine attribute and giving it to the state, specifically to central banks.

It's saying that the state can say Fiat looks, let there be,

Fiat's Monero, let there be money.

But it can do, it can do, let there be money, but it can't do, let there be wealth.

And if it creates money out of thin air, but it hasn't created wealth, then all that does is destroy the purchasing

power.

Outstanding is a production of the Washington Stand, where you can find news and commentary

from a biblical worldview.

Welcome to Outstanding, where we have critical conversations about the news of the day and the ideas that shape us.

I'm your tour guide Joseph Backholm and once again we're going to look at the news and we are going to take every thought captive to the obedience of Christ

because that's what we do here on outstanding and one of the biggest issues

concerning Americans today is the economy. Most people don't think it's doing very well and it consistently

rates as a top issue and a top concern for voters in the upcoming election.

And of course both President Trump and Vice President Harris are trying to

convince voters they are the best solution to your economic woes, whatever those

may be. And of course economic talking points abound.

Harris promises what she is calling an opportunity economy. She's promised to stop price

gouging through price caps.

She's proposed tax credits to help with down payments for homes.

President Trump has promised to extend tax cuts, impose tariffs, reduce regulations, and lower the cost of everything by lowering

the costs of energy. But our question today in part, as we consider some of those proposals

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