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Separation of Church And State

Separation of church and state is as a necessary element for a free society is a fundamental block in the foundational grounding assumptions on which our country is based. Americans assume that this is necessary and that it leads to a much better and happier society. But … is it even true?

Supporters of this claim point to Eastern European post Reformation wars which were nominally religiously based, i.e., the Protestant/Protestant and Protestant/Catholic struggles. There certainly was a strong religious element to element to many of these conflicts although in many cases religious differences lay parallel to other important political, cultural, and economic fault lines and therefore religion was not the sole cause of many if not all of these struggles. However, the Eastern Roman history lies as a counter-example. Over one thousand years of unbroken church/state intermingling to which one cannot attest clearly that the lack of church state separation was harmful, in fact it may have been the reverse.

An important factor however distinguishes those governments in which church/state mingling “worked” and those in which it didn’t. In the ones which “work” the religion practiced in the state was almost completely uniform, that is one single religious tradition was unquestionably dominant to the point in which it did not need to suppress or put pressure on the others. This an important distinction.

So, consider the case in which one religious tradition exists within a state. In this case when that religion is not separated but can work closely with each other this can be beneficial for both. Religious traditions can stabilize the state and build trust in its institutional organs. On the other side, the state can recognize and validate in the state arena religious sacramental activity. One might suggest that if “pursuit of happiness” were the goal that indeed people would naturally be happiest in a state which is supported and supporting of their religious tradition.

Yet, we dwell in Babylon. There is not one religious tradition in American or perhaps in any country of the world. So the question might be posed, is there any way to reap the benefits of non-separation and at the same time the protections that we hold dear that are derived from separation? Here is one suggestion. By allowing the smallest parts of government, the village, the precinct or the rural whistle-stop to incorporate and use religion and soften the church/state boundary, we retain the global protections of separation but may at the personal level reap some of the advantages of non-separation.

The logic of this is as follows.

  • People in aggregate are happier when church and state are not separated.
  • However, this only holds when church in question is of a tradition which is the same or very similar to a great majority of the population.
  • This is not possible at a national level in any modern state.
  • However, it is possible at a much finer level.
  • So … perhaps it should be allowed in places which do present a uniform church tradition within a community.

Objections? Comments?

Two Presidents In One!

Out of one side of his mouth:

WASHINGTON, June 9 (Reuters) – President Barack Obama sought on Tuesday to show he was serious about improving the U.S. budget picture as he called on Congress to pass new limits on tax cuts and spending programs to avoid adding to deficits.

Obama urged passage of "pay-as-you-go" legislation that would require any new tax cut or automatic spending program to be paid for within the budget.

"The ‘pay as you go’ principle is very simple. Congress can only spend a dollar if it saves a dollar elsewhere," Obama said in a speech at the White House attended by several Democratic members of Congress.

Out of the other side:

WASHINGTON (AP) — President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration’s emerging health care overhaul.

The "pay-as-you-go" budget formula plan is significantly weaker than a proposal Obama issued with little fanfare last month.

It would carve out about $2.5 trillion worth of exemptions for Obama’s priorities over the next decade. His health care reform plan also would get a green light to run big deficits in its early years. But over a decade, Congress would have to come up with money to cover those early year deficits.

Congress (under either party) is extremely adept at spending up front, promising to make up for it later, and then subsequently forgetting those promises.

And Obama knows this full well. 

Voter’s Remorse

"Buyer’s remorse" is a phenomenon where, once a purchaser gets a product home and uses it, they decide it’s not living up to its potential, the advertising hype, or their expectations (realistic or otherwise).  According to Rasmussen, looks like America is getting a case of "Voter’s remorse".

Voters now trust Republicans more than Democrats on six out of 10 key issues, including the top issue of the economy.

The latest Rasmussen Reports national telephone survey finds that 45% now trust the GOP more to handle economic issues, while 39% trust Democrats more.

This is the first time in over two years of polling that the GOP has held the advantage on this issue. The parties were close in May, with the Democrats holding a modest 44% to 43% edge. The latest survey was taken just after General Motors announced it was going into bankruptcy as part of a deal brokered by the Obama administration that gives the government majority ownership of the failing automaker.

Voters not affiliated with either party now trust the GOP more to handle economic issues by a two-to-one margin.

If voters didn’t realize that a President and a Congress in the hands of Democrats was going to be a big-spending perfect storm, they were just reading the advertising hype before casting their ballots.  Republicans certainly tarnished their "fiscal conservative" image in the last 8 years, no doubt about it.  But claims of "It would be worse with Democrats" is ringing true right on cue. 

And how about that "culture of corruption" that the Democratic party has tried hard to pin on Republicans?

Republicans also now hold a six-point lead on the issue of government ethics and corruption, the second most important issue to all voters and the top issue among unaffiliated voters. That shows a large shift from May, when Democrats held an 11-point lead on the issue.

There are others, and it’s worth reading.  Again I will say that most polls (or as fellow Stone Mark refers to them as, "cricket races") are simply a measure of emotion, and it’s also true in this case.  Polls that ask whether or not the economy is getting better measure what people think is happening.  What is really happening may be completely opposite to that. The general public, myself included, don’t know enough about economics to make the answer anything but a hunch.  But this poll is asking who people trust, which they, in fact, are experts on.  If the winds blow a different way tomorrow, these numbers could in fact change again.  However, the trend right now is that folks see where we’re heading, and they don’t like it.

Neither do the folks in Europe, where EU Parliamentary elections finished up recently.  This election, following the global financial crisis, shows which way the world leans when the find themselves in an economic pickle; to the Right.  The love affair with the Left and the Socialists has grown cold — more voter’s remorse — especially in France, which started a move to the Right with Sarkozy and continued with a crushing defeat for the Socialists, losing almost 20% of its French seats.  They may cheer Obama on the Left, but then they go home and vote Right when the chips are down.

Things Heard: e71v2

  1. Race error? Heh.
  2. A taster?
  3. Very pretty.
  4. Misunderstanding markets (and perhaps the role of government).
  5. Not candy coating works too.
  6. Links and a hope that our President will get some needed education.
  7. Pimping your parish … or not.
  8. Lebanon.
  9. Considering end of life.
  10. Kids. They’re just so darn immature.
  11. And keep them away from operating heavy machinery (in some cases).
  12. A book noted.
  13. Isn’t “chronically homeless” a euphimism for the mentally ill?
  14. A Saint.

Of Cotton Candy Speeches

Politics often disgusts me. President Obama gave a pretty speech at Ohama beach recently. In it we find these remarks:

We live in a world of competing beliefs and claims about what is true. It’s a world of varied religions and cultures and forms of government. In such a world, it’s all too rare for a struggle to emerge that speaks to something universal about humanity.

The Second World War did that. No man who shed blood or lost a brother would say that war is good. But all know that this war was essential. For what we faced in Nazi totalitarianism was not just a battle of competing interests. It was a competing vision of humanity. Nazi ideology sought to subjugate and humiliate and exterminate. It perpetrated murder on a massive scale, fueled by a hatred of those who were deemed different and therefore inferior. It was evil.

We don’t celebrate VE day, and rightfully so. We didn’t win the war in Europe. If the Soviet regime had not been a totalitarian state, but instead another liberal democracy … D-Day may never have come about. D-Day is an achievement. It is a moment to remember for the American and the West, the struggle and the sacrifice. We fought hard on D-Day and at Guadalcanal and in the Pacific. But, for myself, I wonder if we would have the will to persevere at a Stalingrad (where nearly 2 million died in a six month long battle). Our country (at least the left) balked today at 3,000 military deaths over more than a four year period.

And yes Nazi Germany was one of the glaring unlearned lessons from the 20th century, Soviet Russia which bore most of the burden of defeating that Nazi threat was the other. And alas, the misconceptions underpinning the reasons which brought those things he notes as “It was evil” into the light of day are shared and still maintained in the hopes and dreams of the left. Hope. Change. The utopian dream than man and society can be perfected coupled with a rejection of the dignity of man was lie at the core of all three visions. That same is the dream on which Nazi Germany was founded as well. It was evil in outcome then … it will likely be so again. Mr Obama’s administration began with the motto “never let a good crises go to waste.” And if you don’t have the means to effect that change … just find a new crises. And if no crises can be found? Hmmm. Three choices. Give up, make a crises, or manufacture an enemy.

(This in part is the thesis that I’ve been exploring in Chantal Delsol’s essay … which oddly enough has passed unremarked.)

Betting on the Stimulus

In a post from about a month ago, I noted that the Obama administration put out a prediction of what would happen if the stimulus bill was passed and if it wasn’t.  They predicted a smaller bump in the unemployment rate if their stimulus plan passed.  Spend the money, they said, and the pain would be eased. 

Those on the Right, however, said that trying to spend our way out of this wouldn’t work, and suggested that "stimulus" spending in the 1930s put the "Great" in "Great Depression".  Instead, we’d be saddled with government debt for a generation.

In that previous post, I noted that Geoff of the Innocent Bystanders blog had put up a graph showing that unemployment looked like it was about to get worse than even the Obama administration’s worst-case, no-stimulus scenario.  Well, May’s numbers are in, and he’s updated the graph.

Stimulus-vs-unemployment-may

Those red dots rising up, month after month, are the actual unemployment figures.  So we get record-setting debt and an unemployment curve worse than predicted for doing nothing.  Government intervention is sounding worse with each passing month.

Things Heard: e71v1

  1. Mr Tiller, a Lutheran, had been excommunicated by the LCMS and was attending an ELCA church. So … how may articles about him attempted to explain the different Lutheran denominations? Is that relevant as a background to the story?
  2. More on Mr Tiller’s killing here.
  3. Outing as a conservative/liberal issue, in which a particular liberal forgets “outing” is a standard tactic against gay GOP members, which brings one to the logical conclusion that painting this as a left/right matter is a partisan fiction.
  4. Some philosophers consider the matter.
  5. And the point is made that pseudonymity requires increased not decreased politeness.
  6. An inconsistency on the left, noted.
  7. A educators prayer.
  8. Or … there might be other reasons.
  9. On the health care debate, a discussion here and here.
  10. We are all democrats now.
  11. Not to die in vain.
  12. A comparison Mr Alito and Ms Sotomayor.
  13. Grist for the legalize prostitution libertarian mill.
  14. A Baptist preacher goes to an Orthodox service and finds much to like.

Evangelical Loss Leaders in an anti-Christian society

You’ve certainly seen the advertisement before; that which features a certain item, priced ridiculously low. In fact, it’s priced so low that you ask, “How can they sell it at that price and turn a profit?” Well, they can’t. It’s a loss leader, designed solely to entice people into the sales establishment upon which, it is hoped, they will purchase additional items, thereby resulting in an overall profit to the store.

The point to be taken here is that the loss leader tactic is simply a part of an overall marketing strategy – a philosophy, if you will, which fits squarely within the economic system of capitalism, to which growth and profit are generally accepted as the primary goals.

I wonder, how wedded to capitalism is the evangelical church in America?

Recently, there was a concert staged, at our church, specifically designed as an outreach to the youth in the community surrounding the church. Whereas there is typically 25 youth at a Wednesday night meeting, there were 120 youth in attendance at this concert.

Was this a loss leader? A means of enticing people in the doors, and then banking on the “numbers”, the probability that a certain percentage of them would desire to come back?

Such a tactic is hardly limited to a youth concert in 2009. I’ve grown up in the church and can look back and see the tactic deftly applied throughout my life. It is, in fact, our modus operandi.

Yet, despite the church adopting capitalistic strategies, and despite the false success of mega-churches, we now see an America which is turning its back on Christianity. Our society is becoming decidedly secular and, in particular, anti-Christian, in its base form.

While we may have succeeded in entertaining the masses, how much of the Gospel has truly been delivered? In a recent Bible Study, my pastor made note of the fact that many scholars think that the church in Corinth, that which Paul was writing to, was made up of about 40 people.

40 people.

If an evangelical capitalist had written the letters to the Corinthians, I daresay he would have given them a detailed explanation of marketing tactics designed specifically to result in church growth. Yet Paul makes no mention of church growth methodologies. He simply tells the Corinthians how to live as Christians.

What a concept.

Things Heard: e70v5

  1. Ten men a half century ago.
  2. Some reading suggestions in the fantasy genre.
  3. Another take on Mr Obama’s speech and memory of another Cairo speech.
  4. Continued fractions.
  5. Some econometrics look good.
  6. Do as I say, not alas as I do is a recurring trope.
  7. So … in picking the date for the speech, was Tienanmen or Midway to be connected in any way.
  8. In which a load of old bull figures prominently.
  9. Some Sotomayor background.
  10. So Long. Farewell. An esteemed blogger bows out.
  11. A wedding.
  12. Why don’t they just have a run off election?
  13. Race, resentment as replacements for normal freshman fears.
  14. On natural law.

The Light Bringer Goes to Cairo

Some remarks on the President’s address.

  • “For over a thousand years, Al-Azhar has stood as a beacon of Islamic learning; and for over a century, Cairo University has been a source of Egypt’s advancement.” Hmmm. That seems a stretch.
  • “I also know civilization’s debt to Islam. It was Islam — at places like Al-Azhar — that carried the light of learning through so many centuries, paving the way for Europe’s Renaissance and Enlightenment.” This is indeed a persistent fallacy. In the last five or ten years, I think the maxim that “Every commonly held belief about historical events and motivations is exactly wrong” is a turning out to be a fine rule. From WWI trench warfare to this one, all these notions … all wrong. That “light of learning” was carried by Byzantium and a lot of it came west at the sack of Constantinople by the crusaders and the carting off of the libraries, marble, gold and so on to Venice. If you think that’s wrong, ask yourself where, when, and how the intellectual exchange of documents and teaching between the crusaders and the West occurred? (hint: it didn’t in any meaningful way … and what little did was came via Byzantium)
  • “And I consider it part of my responsibility as President of the United States to fight against negative stereotypes of Islam wherever they appear.” How about to highlighting the negative realities?

If we compare the responses of this speech from two esteemed bloggers from both sides of political spectrum there is, on offer, an interesting comparison (besides the nearly identical title). The pseudonymous “hilzoy” offers that this “broke the mold” and offered praise and criticism to both “sides” and that each side might take away from the lesson learned from the criticism. Richard Fernandez on the other hand, similarly comments that there is in fact praise and criticism that both sides might note … but that the effect will be the reverse. That each “side” will key on the criticism of the other and like Eris with her golden apple this will only serve to inflame each other, with each ignoring the faint mentions of their own and inflame their own image of the other’s flaws? Given human nature … which will be the more likely response. I’d offer that the ‘hilzoy’, in part because of the shared assumptions, might closely match the intention of the President and his speechwriters … but that the effect will be the more pessimistic realistic appraisal of Mr Fernandez.

But … like his remarks on the hijab a similar response might be made about the tepidity of his allusion. In a similar vein, examine this response.  Reflect for a moment on the discord vs self-examination as posed our two bloggers and examine those remarks in that light. Would you characterize these responses as self-critical or the reverse? Bringing together or apart?

Solzhenitsyn coming to the West gave four significant of addresses and spoke from a position of utter political weakness, he was after all no President and weilded no power. His words were rejected but were right in many ways and pulled no punches. Mr Obama on the other hand came to Cairo and told honeyed lies filled with calculated misdirection all intended to move people closer. His words, being fiction, have a better chance of not being rejected outright … but their effect it seems has a not unlikely chance of moving people in the direction he did not intend.

Things Heard: e70v4

  1. A quote from Habermas on Christianity.
  2. Pentecostal petal drop.
  3. The quick pitch.
  4. Dresden and Tienanmen.
  5. A letter from Beirut for the President.
  6. The transcript of the Cairo speech.
  7. Indiana muscles in on the Administrations illegal car company moves.
  8. Well, it’s because its not the Christian response … and not a cognitive dissonance problem.
  9. Ford tech.
  10. Good signs.
  11. Hmmm.
  12. Net savvy administration indeed.
  13. Devilish book.

The Rise of Homeschooling

A new report from the U. S. Department of Education National Center for Education Statistics shows a dramatic rise in the number of students that are being educated at home. Dr. Albert Mohler provides some details from the report:

Homeschooling was the choice of families for 2.9 percent of all school-age children in the United States in 2007, involving 1.5 million students. By comparison, in 1999 only 850,000 children were homeschooled. By 2003, that number was up to 1.1 million. This report indicates significant jumps in homeschooling as compared to other educational options. In fact, the report reveals that the actual number of American children whose parents choose homeschooling for at least part of their education exceeds 3 million. According to the report, 1.5 million children are exclusively homeschooled while another 1.5 million are homeschooled for at least part of the school week.

At this point, the picture grows even more interesting. When parents were asked why they chose to homeschool their children, 36 percent cited a desire to provide children specifically religious or moral instruction. After that, 21 percent of parents pointed to concerns about the environment of schools, 17 percent cited dissatisfaction with educational quality in the schools, and 14 percent cited “other reasons.” Among those “other reasons” was a concern for more family time together.

Higher numbers of parents with college educations and greater family incomes are now homeschooling. This trend points to the fact that homeschooling is increasingly the option of first choice for many parents. This pattern is also revealed in increasing numbers of college students, primarily young women, who indicate that they desire a college education so that they will be better equipped in years ahead to be homeschooling parents.

It’s no great surprise to me that there has been such a tremendous rise in the number of families choosing to homeschool. In the nine years we’ve been homeschooling we’ve seen exponential growth among our homeschool community.

But the most crucial points in Dr. Mohler’s essay come at the end of the post:

Homeschooling is now a major force in American education, and Christian parents have been in the vanguard of this movement.  For many Christian parents, homeschooling represents the fulfillment of the biblical mandate for parents to teach their children.  These parents deserve our respect, our support, our advocacy, and our prayers.  This movement is a sign of hope on our educational horizon, and a phenomenon that can no longer be dismissed as a fringe movement.

As president of a seminary and college, I can attest to the fact that questions about the educational aptitude of homeschooled students are now settled.  These students can hold their own as compared to students from all other educational backgrounds.  One other fact speaks loudly to me concerning their education.  Most of the homeschooled students I meet at the college and graduate levels indicate an eager determination to homeschool their own children when that time comes.

Education cannot be reduced to statistics, but the trends revealed in this new report from the Department of Education deserve close attention.  In our day, education represents a clash of worldviews.  Increasingly toxic approaches to education (or what is called education) drive many schools and many school systems.  In that light, the fact that so many Christian parents are taking education into their own hands is a sign of hope.  As this new report makes clear, we should expect homeschooling to be a growth industry in years ahead.

It’s encouraging as a homeschool parent and as a Christian to see a prominent pastor and seminary president embrace the choice that thousands of families make. Homeschooling is not easy and families who make this choice often face derision and ridicule from both friends and families. Those who make the choice to educate their children at home (either full-time or part-time) should be applauded and respected for making this choice. While not everyone will agree that it is the best choice for their own family it’s important that those who don’t homeschool respect those who do and vice versa.

Things Heard: e70v3

  1. Reading suggestions for leaders. What would you suggest?
  2. Tears of a geographer, noted here too. Or is this just more evidence of innumeracy?
  3. Nuts noted. Nuts who don’t know the two words which are Mr Obama’s best insurance, i.e., Biden and Pelosi.
  4. That’s why it took so long to catch Mr Madoff (he was being groomed).
  5. Slavery.
  6. Of human evils.
  7. The socialism notion.
  8. Still trying to spin. Remind us why (coincendentally white) non-Russian immigrants from the former Soviet Union are unable to comprehend discrimination?
  9. A related (and counter) point made here.
  10. St. Brenden.
  11. Mr Kass in science.
  12. An interesting discussion on A Secular Age.
  13. In the context of advise and consent … recalling Mr Obama on Mr Roberts.
  14. Covering for judges.
  15. Summarizing the McArdle/ObWings abortion discussion.
  16. Marriage and Tolstoy.

Hope, Change, and Danger Danger

The claim that the current Administration and their supporters trend to ‘socialism’. My co-blogger at Stones Cry Out wonders if this is an appropriate phrase and as well if the term is being abused to the point of being meaningless. Freydrich Hayek’s The Road to Serfdom might be read as a clarion call not specifically warning against socialism itself but a more general tendency highlighted in Chapter 2 of Chantal Delsol’s  The Unlearned Lessons Of the Twentieth Century essay which I’m in the process of blogging my way through. Many of the tendencies and hopes (for change?) that the movement which propelled Mr Obama to the White House are in fact identified by Ms Delsol in her essay (and Ms Delsol being first of all a French national, a philosopher, and writing an essay that pre-dates Mr Obama’s run to the Presidency should be noted). Utopian dreams and the totalitarian consequences is the real danger. It should also be noted that many themes in this chapter resonate well this week as the abortion ethical question returns to the surface propelled by the killing of Mr Tiller.

A recurring theme of Ms Delsol’s is that the crux of the unlearned lessons lie in the continued acceptence of the fatal flawed that lie as the basis of the 20th century utopian totalitarian projects which were so very costly in human life and dignity. While we reject specifics of those projects we accept very many of their premises and therefore lie likely (easy?) prey for finding new ways to explore life in a totalitarian dystopia.

Ms Delsol begins chapter two, which is entitled The insularity of the human species.

Totalitarianism, of whatever persuasion, emerges when we get caught up in the belief that “everything is possible.” It might be worth recalling just how difficult it was to have this idea accepted, or, for instance, to remember how reluctantly the thought of Hannah Arendt was received in France. To deny that “everything is possible,” to make the postulate of unlimited possibility the cornerstone of the errors of the twentieth century, was, it was said, to equate terror and utopia, or to liken the perversities of man’s annihilation to ideals about reshaping human nature. To do this was unthinkable as long as ideological dreams were still persuasive.

Several decades of perseverant reflection, however, finally made it possible to state openly that the idea of that “everything is possible” represents the birth of the twentieth century. This little phrase, which was to reveal itself to be so terrible, essentially means two things. “Everything is possible” is a way of determining who is human: one can then arbitrarily set a boundary here or there between humans and “subhumans” and declare a particular category to be nonhuman, which is what Nazism did. “Everything is possible” is also a way of determining what it is to be human: one can then arbitrarily decree that humans can or should live without authority, without personal secrets, without family, or without gods, which is what communism did. In fact, communism ended up adding the first consequence of “everything is possible” to the second and denied the humanity of those who made no effort to become other than they were.

The essential defense against “everything is possible” is the axiomatic ontological insistence on the irreducible dignity of the human being, which must be and remain a foundational certainty. Human dignity in this context implies two important things. First that man may not be treated as a thing. This contitutes a ontological distinction between man and the rest of nature. Second, that there is therefore an essential bond between all men.

The modern secular (and many liberal deist) thought continues the project of defining man by his attributes and denying his essential axiomatic dignity. Discoveries (and the rise of scientism … see the quote excerpted Sunday), have blurred the biological and neurological differences between man and the animal world. Medical and biological capabilities have expanded our understanding of man’s development and our ability to affect this.

The Kantian was hoped would deflect the necessity of ontological axiomatic dignity. Kant argued persuasively that man deserves respect by virtue of being endowed with moral autonomy. This results however in the tempting substitution replacing “It is not man who has dignity, but man insofar as he is autonomous. [emphasis mine]” One characteristic is not sufficient to defend man. Thus the newborn, the dying, the handicapped become less than human. As our abilities at genetic screening expand, the fine tuning of our exclusion from the ‘truly human’ can narrow.

At the beginning of the twentieth century it was felt that the rise of reason and our understanding of the physical world would do away with the need for religion. But, especially inasmuch as religion provides a framework in which to base the necessary axiomatic irreducible dignity of man the reverse is true. The necessity and place for religion, instead of being done away with, is ever more needed and required as a bastion holding a multitude of totalitarian dystopias at bay.

A final note which may connect to the currently vogue resurgence of the abortion question in the light of current events.

Prudential wisdom consists precisely in acting within shadowy areas, where bearings have a tendency to disappear. but prudence is not a form of pragmatism; it is a virtue. It may dispense with overly strict principles on the condition that its eyes remain fixed upon points of reference that lie above those principles: there is an immense difference between allowing someone to die and decreeing that all the dying who have reached a certain point are no longer persons.

Dying and fetus I’d offer might be exchanged in the above.

A Question

I haven’t heard the economic situation posed this way before, and I’m no expert so I’m wondering how this sounds.

  • The trigger for the current economic economic crises is located as a credit crises and that problem remains.
  • One cure for the problem that has been applied has been a a lot of borrowing (which may further strain credit) and a large increase in the money supply.
  • A likely occurrence in the future is a sharp inflationary period.

Take those statements as given. I think those matters are not controversial. The question then is what should, an individual do?

In inflationary times, one logical response is to attempt to incur debt (ahead of the game if possible). How will that impact the (weak) credit market however? Like this?

And if one were to incur debt ahead of inflation … in what should one put the money, land, precious metals, or the stock market?

I think an argument might be made that stocks, inasmuch as the real value of companies do not change with the inflation may remain valuable.

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