Holy Baptism: Sign of the New Covenant

There has been much debate among Protestant churches over the subject of baptism. The disagreement has had to do with some questions that are of fundamental importance. Is baptism really a means of grace? And, if so, is it a means of grace to everyone who receives it? In other words, does every baptized person receive a gracious promise from God? Should the infant children of believers be baptized? And, if so, what is the basis for baptizing all the children of believers, when we know that they...