For this book review, we will focus on Chapter 9, Borrowing and Lending. Wayne Grudem believes that borrowing and lending is a divine activity. There are places where borrowing and lending are acceptable, such as borrowing a book or tool. It would even be acceptable, in certain circumstances, to borrow money. However, Grudem states that "owning no one's possession" (Rom. 13:8) means making your payments on time and then you owe nothing. Grudem's findings need to be explored and better understood. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Grudem uses the example of borrowing a book from a library to explain why borrowing is useful. When many people can use a single item, it brings more value to that item and allows more people to use a product. The same can be said of a person who borrows a car from a company. It's also worth noting that while a person can borrow a product from a company, they do so for a price. A person who borrows a book may have to pay a monthly fee to the library to use its services. A person who borrows a car from a company rents it and pays for its use at a daily or monthly rate. Lending and borrowing is trickier when people start lending and borrowing money. Borrowing money is acceptable in minimal circumstances. Purchasing a home is not necessary and therefore there is no need to obtain a mortgage. A person can rent an apartment and still keep everything a house would have inside, without worrying about what could go wrong in the house. Although the need for a personal home is not really there, if a person wants to buy a house, then they will look to find a bank where they can obtain a mortgage loan. These loans often come with lower interest rates and are more acceptable depending on the terms because there is a long-term return on the amount borrowed. People should not borrow money for experiences, such as getting a loan to go on vacation. Rachel Podnos said that "interest rates advertised as 'low' always cost consumers more than they should pay for a discretionary purchase like a vacation" (Magna, Marketwatch.com). People should not be encouraged to go on vacation if they cannot pay for it out of pocket. When a person borrows money, it creates a new obligation for them. This person is required to repay the amount borrowed and pay interest. This obligation puts people in a position where their options are limited to what they can do with their money and can put a strain on their lives if they tend to borrow money to do many common things in their life. life. Companies make profits by lending people money and at the same time ruin people's lives by lending to people who cannot afford to repay the loan. Lending money can usually help an economy, but when businesses implement bad practices, too much lending can lead to too many defaults and cause economic damage, just like what happened during the Great Patriotic War. Recession in the United States. worse now. This loan is the student loan and many people are starting to see this as a problem in the United States. The United States alone has over $1 trillion in outstanding loans to citizens. Of this amount “Today, 11%, or $110 billion, are seriously overdue”.