This is a video of what I am assuming is an excerpt from a sermon by John Piper. In this excerpt Piper explains in very understandable language what is in many senses the essential difference between limited atonement (the Calvinistic view) and unlimited/universal atonement (the Arminian view)–two dominant views on the extent of the atonement. He clarifies what, in my opinion, are rather inappropriate terms (limited, unlimited, universal, etc.).
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