Only By Grace

The real interest rate in the country is minus 2.7% since the current interest rate is at 2% and the inflation rate is 4.7%. With this kind of economic and monetary environment, savers are losers and borrowers are winners . “Revving up economic activity” is the goal why BSP keeps interest rate at the current level. Turning to mises.org for guidance on how to see this kind of environment, I stumbled upon Murray N. Rothbard’s article about The Interest Rate Question . According to him, this is one topic where “financial writers are mired in hopeless confusion.” If this is the case then, “how can we expect the public to make any sense of what is going on?” And then at the middle section of the article, he identified the real cause of lower interest rates. He describes this as “a repeated injection of inflationary bank credit by the Fed (In our case, replace the Fed with BSP).” Such monetary policy will “keep the artificial and unsound economic boom going (in our current situation, “revvi

No one is above the law, and that includes even the government. If you see a government violating the moral law, what do you think will happen? Will the Supreme Lawgiver keep silent as His law is being trampled by human governments? One example of such violation is now being done by the government of Australia by moving hard left . The policymakers are either blinded by their ideology or they intentionally take for granted the long-term destructive consequences of such tax policy. They are not aware that by violating God’s law on private property, they are actually committing economic suicide. How many governments in the world are following the same course? May God forbid that the Philippine government will choose the same path! 

Continuing my reading of the second chapter of  Thinking. Loving. Doing. A Call to Glorify God with Heart and Mind, I stumbled again with another brilliant insight written by R. Albert Mohler Jr. This time he is sharing about the "three operating conditions of belief in Western civilization" (p. 62). He took this insight from Charles Taylor's book, A Secular Age. According to the book, the three operating conditions of belief are the impossibility of disbelief in God, the possibility of disbelief in God, and the impossibility of belief in God.  The impossibility of disbelief in God characterized the pre-modern era. The word atheist at  that time didn't exist, because it "was not an available category" (ibid.). The existence of God is the underlying assumption of the age though different concepts of God were recognized.   With the advent of the modern era, the operating condition of belief shifted from the impossibility of disbelief to the possibility of di

While doing my devotion this morning, I stumbled with an interesting section in the book  Thinking. Loving. Doing. A Call to Glorify God with Heart and Mind. I am now on the 2nd chapter. I am reading the article written by R. Albert Mohler Jr., The Way the World Thinks: Meeting the Natural Mind in the Mirror and in the Marketplace. I just want to share that interesting section on pages 61 to 62.   Here is its excerpt: In order to understand better the modern mind, consider these five precepts. First, the modern mind is characterized by postmodern anti-realism. There are people in American society who are not sure that what we are talking about is even real. They argue that the terms of morality—statements about what is right and wrong—are merely a language game. The second precept is moral relativism . Although most of the people we know do not actually hold to anti-realism, it has filtered down into the culture as moral relativism. Most unregenerate Americans today are selective mor

CCF is doing what God tells her to do. Is God saying that PCP churches will imitate CCF? What shall we do with the almost 40 years of our existence? How shall we assess our unique experiences? What shall we do with our wounded soldiers? What shall we do with those who are emotionally and relationally unfit?   Though CCF made repeated qualifications that there is nothing wrong with the traditional way of doing the ministry of the church such as the emphasis on preaching, the clergy, and the classroom, but one cannot avoid to deduce that to fully implement this "paradigm shift," theologians and educators have no place. In fact, they are part of the obstacles.  There is too much to swallow. I can only bite a piece or two. What the speakers said are true. How can we contest actual experiences?    To follow CCF as a denomination, we have to forget our past and start from scratch. It appears to me that everything we do in PCP is wrong from the very start. How can we undo the more t