Sunday, April 18, 2010

The Cultural and Spiritual Legacy of Fiat Inflation - Jörg Guido Hülsmann - Mises Institute

These effects are 'especially strong among the youth. They learn to live in the present and scorn those who try to teach them ‘old-fashioned morality and thrift.’ Inflation thereby encourages a mentality of immediate gratification that is plainly at variance with the discipline and eternal perspective required to exercise principles of biblical stewardship—such as long-term investment for the benefit of future generations.'

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