Inflation and the Bible

Second Cato post.

Dan Griswold first quotes Gideon Gono, head of Zimbabwe's central bank, as quoted in this WSJ article and adds some well-placed commentary:

To justify his mismanagement Gono cites the Bible and Christianity:

"Anyone who says the bank governor should violate the head of state is violating a principle that Jesus Christ demanded of his disciples. A key element Christ looked for in his disciples was loyalty."

That begs the question: Loyalty to whom?

In reading his Bible, Mr. Gono must have missed the bit about “Thou shall not steal,” which is exactly what hyperinflation does. It massively expropriates wealth from private citizens and gives it to the government. When Peter and his fellow apostles were told by the government authorities of their day to stop preaching about Jesus (Acts of the Apostles, Chapter 5), they replied, “We must obey God rather than men.”