Baptized Inflation: Keynesianism & Christian Economics

Book: Baptized Inflation by Gary North.The provided summary presents a strong, critical refutation of the economic theories proposed by economist Douglas Vickers, particularly his acceptance of Keynesian economics. The author, Gary North, along with other contributors, argues that Vickers' attempts to integrate Keynesian principles—which are associated with secular humanism, immorality (citing John Maynard Keynes's personal life and ethics), and state control—are fundamentally opposed to Biblical law and Christian economics. The critique focuses on core economic concepts like Say's Law, monetary policy (inflation and fractional reserve banking), and the role of private property and limited government versus the dangers of socialism and central planning advocated by Keynesians. Ultimately, the source promotes a theocentric, free-market economic perspective rooted in Scripture against what it deems "baptized secular ideas" and academic compromise.