I have not read it, but it sounds like an interesting read from what I've gathered. He seems to be coming from a total-liberty for the Christian in Christ. He doesn't seem to be pushing antinomianism but comes close pushing ideas like: Christians are completely free from all the law, have no need to ask for forgiveness from God, and suffer no conviction from the Holy Spirit as believers.
Excerpt from an interview with Farley:
"Why do you say that Christians should have no relationship with the Ten Commandments?
A: When Paul describes the law as a ministry of condemnation, he notes that the law was in letters engraved on stones. Clearly, hes talking about the Ten Commandments. So, the Ten will only minister condemnation to the saved and to the lost.
Of course, people will argue the importance of the Ten Commandments for Christian living today. But just ask them, What did you do last Saturday? If they did any work of any kind, then they disobeyed one of the Big Ten. They might say, Well were free from the Sabbath now. My reply, So then, its the Nine Commandments that were still under?
We Christians dice up Gods law to get it the way we like it. But the reality is that the law is an all-or-nothing proposition. James tells us that even if we keep the whole law and stumble in only one point, we are guilty of all of it. We dont have the right to cherry pick, selecting the parts that are comfortable for us.
Its 600+ Jewish commands and regulations, or its total freedom to serve in the newness of the Spirit. The choice is ours. But theres no room for selecting from the law here and there and imposing a few on Christians. That makes no sense at all.
The Jewish Law, including the Ten Commandments, is perfect in every way. Its so perfect that nobody can live up to it! Its actually designed to allow sin to thrive in our lives, to convict us of that sin, and to point us to our need for Jesus Christ.
After we receive Jesus, all we need is Jesus. He produces the love, patience, and self-control we need for daily living. After the salvation experience, any return to the law or another rule-based system is essentially cheating on Jesus.
B: You note that the New Testament contains no instance of the Holy Spirit convicting Christians of their sin. How does behavior improve then for the Christian?
A: Yeah, it may be surprising to hear such a claim given all the rhetoric we toss around about the Holy Spirit convicting us Christians. But the reality is that the root convict only shows up about eight times in the whole Bible. And the term is never used to describe how the Holy Spirit interacts with Christians.
The word convict means to find guilty. Convicts are people who have been found guilty and are living out their punishment in prison. Why would the Holy Spirit convict us, or find us guilty, when He has already said, your sins and lawless acts I will remember no more?
God has chosen to forget our sins. And our forgiveness is expressed in past tense we have been forgiven. Its a completed act. Therefore, for God to drum up our past is inconsistent with the core Gospel message itself.
Of course, the Holy Spirit is our Counselor, our Comforter, and our Guide into all truth. So how does our behavior improve? By these very means! How can we doubt whether personal counsel from the God of the Universe is sufficient for daily living? On top of that, does dwelling on our past and having our sins tallied up in our minds really help us do any better? I think it has the opposite effect. If we dig up our past sins, we only continue to see ourselves as dirty, rotten sinners. Then, guess how well live? Like dirty, rotten sinners!
The whole point of the gospel is that weve been cleansed and we now have a brand new identity as saints. So, what is the Holy Spirit doing? Gods Spirit is praying on our behalf and bearing witness with us about our new identity.
Who wants conviction when weve got total forgiveness combined with the best Life Coach anyone could ever ask for? The Naked Gospel talks about how all of this plays out.
B: You claim that its unbiblical and insulting to God if Christians ask for forgiveness when they sin. Isnt forgiveness one of the essentials of Christian belief? Explain that one.
A: Yes, the phrases ask forgiveness and ask for forgiveness are entirely absent from all New Testament epistles. It has never been about making promises to God, trying harder, or listing every sin on a legal pad and waiting to be cleansed afterward.
Although its very religious to ask for forgiveness, it totally ignores the work of the cross. Jesus took away our sins and cleansed us once for all. To ask, plead, beg, and wait for a new portion of cleansing to come our way is to ignore what Jesus said from the cross: It is finished.
Yes, we should turn from every sin we commit. Yes, we should be honest and open about our struggles before God. But we should also be honest and straightforward about the blood of Jesus and what it accomplished an unconditional, irrevocable, one-time cleansing from all our sins!
Requesting forgiveness is not the same as thanking God for the cleansing we already have. Now that forgiveness has been accomplished, our job is to relish the work of Jesus Christ and to deem it enough.
As we rest in the finished work of the Son, we please the Father."
http://modernmarch.com/2009/07/03/interview-with-andrew-farley/
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