> But the damage extends far beyond falsified price signals into the moral fabric of civilization itself. Inflation “constantly reduces the purchasing power of money,” and “the consequence is despair and the eradication of moral and social standards.” Through debt-based policies, “Western governments have pushed their citizens into a state of financial dependency unknown to any previous generation.” This dependency corrodes character...
End the Fed. Starve the beast.
https://mises.org/mises-wire/road-de-civilization-inflation-and-moral-erosion-society
