What Would Jesus Do as Zimbabwe’s Central Bank Chief?

Zimbabwe is a country descending into chaos through more ways than just its economy and political system. It seems that the very moral order is being turned upside down.

In an article in today’s Wall Street Journal, the head of Zimbabwe’s central bank, Gideon Gono, said that Jesus would approve of his stewardship of the nation’s currency.

Because of the disastrous policies of President Robert Mugabe, the traditional sources of government revenue have dried up, so the government has directed the central bank to print money to pay its soldiers, officials and other supporters of the regime. Mr. Gono has meekly complied, driving the inflation rate into the stratosphere. Under Gono’s watch, inflation in Zimbabwe has soared to an estimated annual rate of eight million percent.

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.”

By propping up the Mugabe regime through hyperinflation, Mr. Gono has made a very different choice.