I may be writing a post using this post’s thoughts as a launchpad, so I am reblogging it for future reference.
Having gifts that differ according to the grace given to us, let us use them: if prophecy, in proportion to our faith (Romans 12:6)
Historically, the Church has taken this verse as an exegetical basis for reading the Scriptures according to the “analogy of faith” (which shouldn’t be confused with Karl Barth’s version) or the “analogy of Scripture.” The assumption is that prophets are being urged to keep their prophecies consistent with the faith they have received–the deposit of apostolic truth already given to them. They shouldn’t prophesy anything that contradicts what has already been revealed by the Lord, for that would point to a contradiction in Spirit’s revelation and therefore God himself. This reading was then built out into the principle of interpretation that Scripture ought to be read in line with Scripture–it is “self-interpreting” in that sense. And there are a few versions of what this means.
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James' Ramblings 