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.'


Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home