For this book review we will focus on chapter 9, Borrowing and Borrowing. Wayne Grudem believes that borrowing and lending is a divine activity. There are places where borrowing and lending is allowed, such as borrowing a book or an instrument. Under certain circumstances it would also be okay to borrow money. However, Grudem states that “Owning nothing to anyone” (Romans 13:8), means making payments on time and therefore you owe nothing. Grudem's conclusions need to be thorough and comprehensive. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Grudem uses the example of borrowing a book from a library to explain how borrowing is helpful. When many people can use a single item, it brings more value to that item and allows more people to have use of a product. The same can be said about a person who borrows a car from a company. It should also be noted that while a person might borrow a product from a company, they do so for a price. Someone who borrows a book may have to pay a monthly fee to the library to use their services. A person who borrows a car from a company rents the car and pays for the use of the car at a daily or monthly rate. Lending and borrowing walk a finer line when people start lending and borrowing money. Borrowing money is ok in minimal circumstances. It is not necessary to buy a house and therefore it is not necessary to take out a mortgage. A person can rent an apartment and still have everything a house would have in it, without worrying about what can go wrong with the house. Although the need for a personal home is not really there, if a person wants to buy a house, he will try to find a bank where he can get a mortgage. These loans often have lower interest rates and are more acceptable to borrow under the terms because there is a long-term return on the sum borrowed. People should not borrow money to have experiences, such as getting a loan to go on holiday. Rachel Podnos said “interest rates advertised as “low” still 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 holidays if they cannot pay for them out of pocket. When a person borrows money, it creates a new obligation for him. That person is obligated to repay the borrowed amount and pay interest. This obligation puts people in the 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. Companies profit by lending money to people and at the same time ruin people's lives by lending to people who can't afford to repay the loan. Lending money can generally help an economy, but when companies engage in bad practices, too much lending can lead to too many defaults and lead to economic damage, much like what happened with the Great Recession in the United States. There's a different type of loan that's getting worse now. That loan is the student loan, and many people are starting to see it as a problem in the United States. The United States alone has over $1 trillion in outstanding loans to citizens. Of that amount “Now, 11% or $110 billion is seriously delinquent”.