For background, there are two camps when it comes to miraculous spiritual gifts: cessationists and continuationists.
Cessationists believe that miraculous gifts, such as tongues and prophecy, have ceased with the death of the Apostles. God still does miracles, but the gifts of tongues and prophecy spoken of in 1 Corinthians 12 and 14 have ceased (hence, “cessation”).
Continuationists believe that miraculous gifts continue as God pleases. I consider myself a continuationist, but as will become clearer, I should probably be called a “constrained continuationist.” Probably everybody believes they are constrained by God’s Word alone, but to my knowledge no one else thought of that label yet, so I claim it.
Last time I established that present-day prophecy would not necessarily mean the canon of Scripture is open. Let’s examine prophecy a little further to see if that is true. Michael Horton wrote:
Paul treats prophecy (prophēteia) as preaching, which although illumined by the Spirit is (unlike the scriptures) un-inspired and therefore must be tested (1 Cor 12:29; 1 Thes 5:19-21).
I agree with this statement. I have come to the conclusion that the result of prophecy and the result of preaching in the Bible were the same. Both can be considered the Word of God proclaimed, intended to change people for God’s glory. Horton would seem to agree with that by comparing the two. That means, the prophecies Paul referred to were not on par with Scripture. Therefore, if someone had a prophetic word today, it would not be on par with Scripture.
That seems pretty straightforward to me. Next time I will join Horton in arguing against Wayne Grudem on the nature of present-day prophecy, but then perhaps find a way to disagree with both of them slightly.